Connector Motorways
   HOME

TheInfoList



OR:

Connector Motorways was an Australian toll road operator which operated the
Lane Cove Tunnel The Lane Cove Tunnel is an A$1.1 billion, 3.6 km twin-tunnel tollway in Sydney, Australia, which connects the M2 Motorway at North Ryde with the Gore Hill Freeway at Artarmon. It is owned by toll road operator Transurban and forms par ...
and the Falcon Street Gateway (now Military Road E-ramp) in northern Sydney. Both projects opened to the public in March 2007. Connector was owned by CK Infrastructure Holdings (19.6%),
AMP #REDIRECT Amp {{Redirect category shell, {{R from other capitalisation{{R from ambiguous page ...
(15%) and Leighton (11%) Connector Motorways started off as the Lane Cove Tunnel Company and was engaged by
Roads & Traffic Authority The Roads & Traffic Authority (RTA) was an agency of the New South Wales Government responsible for major road infrastructure, licensing of drivers, and registration of motor vehicles. The RTA directly managed state roads and provided fundin ...
to design, construct, maintain and operate the tunnel for 33 years on 1 October 2003. Connector Motorways was supposed to operate the tunnel concession until 2037. On 19 January 2010, Connector Motorways went into
receivership In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in c ...
KordaMentha appointed to Connector Motorways Pty Ltd.
. Retrieved 20 January 2010.
when traffic through the tunnel failed to reach the projected volumes. Toll road operator
Transurban Transurban is a road operator company that manages and develops urban toll road networks in Australia, Canada and the United States. It is listed on the Australian Securities Exchange (ASX). Transurban is the full owner of CityLink in Melbour ...
bought the tunnel in May 2010 for $630 million and became the new operator.Lane Cove Tunnel sold for $630 million - ABC News (Australian Broadcasting Corporation)
Abc.net.au (10 May 2010). Retrieved 2013-09-07.


References

Transport companies of Australia Toll road operators Australian companies disestablished in 2010 Australian companies established in 2007 Transport companies disestablished in 2010 Transport companies established in 2007 {{Australia-company-stub