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

  • Bosnia gets €750 million loan for Corridor 5C motorway
    March 1, 2018
    Bosnia has signed a European loan agreement worth €750 million for several sections of work on the Corridor 5V motorway project. Denis Zvizdic, head of government for Bosnia and Herzegovina, said the deal was signed in London during a recent investment conference on the western Balkans. Of the loan amount, the Federation of Bosnia and Herzegovina will get €500 million and the internal but autonomous Republika Srpska will receive €250 million. The money will be used for constructing four 70km sections of
    Read More
  • Indonesian toll roads
    August 13, 2012
    ijaya Karya (Wika), the Indonesian governmentowned construction service provider, will build toll roads linking Kedung Badak to Kedung Halang and Pandaan to Gempol in Bogor through two contracts worth US$36.35 million and $24 million, respectively. Awarded by highways operator Jasa Marga (JSMR), the contracts require the roads completion in 18 months. The operator of the Tangerang- Merak Toll Road, Marga Mandala Sakti (Marga Mandala), will be allocating U$17 million to increase the toll road’s capacity. It
    Read More
  • New highway connection under construction in Hong Kong
    February 28, 2013
    Construction work is underway on the Central-Wan Chai Bypass in Hong Kong, a major project that will help tackle chronic traffic congestion. The Central-Wan Chai Bypass and Island Eastern Corridor Link is a section of the east-west route that runs along the north shore of Hong Kong Island. The project will help reduce traffic congestion along the Gloucester Road - Harcourt Road - Connaught Road Central corridor. The project is costing some US$3.62 billion (HK$28.1 billion) and the 4.5km long dual three-lane
    Read More
  • Latest VMS keeps world’s motorists moving safely
    April 10, 2013
    VMS for what is thought to be the longest road tunnel in the Middle East, and the installation of the latest VMS technology in Canada’s oldest national park to help motorists travelling through it are among the projects discussed by Guy Woodford. A large volume of VMS from Italian firm Solari has been installed in the new 4.2km-long Zayed Street Tunnel in Abu Dhabi – thought to be the longest in the Middle East. The Solari VMS supply consisted of 204 lane control signs, with Red, Yellow and Green LED pre-de
    Read More

Highlighted Content