East West Connect to deliver Australian toll road

East West Connect consortium has signed a contract with the Victorian government to deliver the US$6.99 billion (AUD 8 billion) East West Link toll road in Australia. The $4.62 billion (AUD 5.3 billion) partnership was agreed after the High Court rejected an application for an injunction to defer the deal. The project's winning design incorporates two 4.4km three-lane tunnels between CityLink and Hoddle Street. The consortium, which includes Lend Lease, Acciona, Capella Capital and Bouygues, has spent some
October 2, 2014 Read time: 1 min
East West Connect consortium has signed a contract with the Victorian government to deliver the US$6.99 billion (AUD 8 billion) East West Link toll road in Australia. The $4.62 billion (AUD 5.3 billion) partnership was agreed after the High Court rejected an application for an injunction to defer the deal. The project's winning design incorporates two 4.4km three-lane tunnels between CityLink and Hoddle Street. The consortium, which includes Lend Lease, 976 Acciona, Capella Capital and 979 Bouygues, has spent some $34.93 million (AUD 40 million) on the project to date. The contracts also include a $436.69 million (AUD 500 million) kill fee to protect it from sovereign risk.

Highway & Network Management

For more information on companies in this article

Related Content

  • Plan to complete Colombian tunnel project
    December 1, 2014
    In Colombia plans are underway to try and revive the project to construct the La Linea tunnel. The project has been beset with problems since work commenced. Problems have included insufficient funding, unexpectedly poor ground conditions and some firms involved having the wrong kind of insurance. The Segundo Centenario consortium is building the La Linea tunnel and is keen for this to continue. The new plan involves the incorporation of local firm Construcciones e Inversiones Beta, which would acquire a 40
    Read More
  • 1st IRF Europe & Central Asia Regional Congress held on in Turkey
    November 18, 2015
    The International Road Federation (IRF) organised its first Regional Congress & Exhibition in Istanbul, Turkey on 15–18 September, 2015 The IRF is a non-governmental, not-for-profit membership organisation founded in Washington, DC in 1948 with the mission to encourage and promote development and maintenance of better, safer and more sustainable roads and road networks around the world.
    Read More
  • Montreal’s new Champlain Bridge is in a race against time
    June 8, 2018
    Montreal’s US$3.24 billion Champlain Bridge across the St Lawrence River may not be open on time, according to a report by the independent Auditor General. The 3.4km cable-stayed bridge has two decks supporting three lanes of highway traffic in each direction. A third, central deck supports a mass transit system and a multi-use path. The new bridge will replace the nearby 50-year-old Champlain Bridge which has been deteriorating at an alarming rate. The government signed a contract in 2015 with a private
    Read More
  • New Zealand's transport plans
    February 8, 2012
    New Zealand's Government is now setting budgets for transport improvements. In Auckland transport projects look set to commence following a design agreement worth US$10.52 million. This will be for the $937 million eastern suburban transport projects package.
    Read More

Highlighted Content