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

  • Khabarovsk Bypass to raise transit potential of Russian Far East
    March 13, 2017
    Khabarovsk Bypass to raise transit potential of Russian Far East – Eugene Gerden writes The Russian Government, together with the government of Khabarovsk Territory, an administrative capital of the Far East, have announced the completion of preparations for the building of a new road. The Khabarovsk Territory is located 30km from the Chinese border, at the confluence of the Amur and Ussuri Rivers. This new highway will boost the transport potential for the Russian Far East and will improve the traffic s
    Read More
  • China looks to the future with major highway plans
    February 15, 2012
    China is still moving ahead with plans that will give it the world's biggest highway system. Patrick Smith reports. As China's economy grows even more, keeping the country on the move has become a priority for the government. While the country has made great strides over the past decade in improving its infrastructure, the number of vehicles has also increased rapidly, and in some instances restrictions have been placed on them.
    Read More
  • Indonesia toll road projects – deals being arranged
    October 26, 2018
    A series of major toll road projects are being planned for Indonesia.
    Read More
  • Sourcing road financing for East Africa’s network expansion
    December 4, 2015
    East Africa’s ambitious road expansion programme is seeing the network expand significantly – Shem Oirere writes The East Africa countries of Kenya, Tanzania, Uganda and Rwanda have announced ambitious road sector expansion plans in the 2015/16 financial year. This is despite their national budgets being weighed down by huge deficits and persisting lack of capacity to spend resources allocated to the sector in previous years. With the huge budget deficits, the countries will have to look for alternati
    Read More

Highlighted Content