Connector Motorways
 | |
| Type | Transport |
|---|---|
| Founded | 2007 |
| Defunct | January 2010 |
| Headquarters | Sydney, Australia |
| Owner | CK Infrastructure Holdings (19.6%) AMP (15%) Leighton (11%) |
| Divisions | Lane Cove Tunnel Military Road E-ramp |
| Website | connectormotorways.com.au |
Connector Motorways was an Australian toll road operator which operated the Lane Cove Tunnel and the Falcon Street Gateway (now Military Road E-ramp) in northern Sydney.[1] Both projects opened to the public in March 2007. Connector was owned by CK Infrastructure Holdings (19.6%), AMP (15%) and Leighton (11%)[2]
Background
[edit]Connector Motorways started off as the Lane Cove Tunnel Company and was engaged by Roads & Traffic Authority to design, construct, maintain and operate the tunnel for 33 years on 1 October 2003.[3] Connector Motorways was supposed to operate the tunnel concession until 2037.[4]
Receivership
[edit]On 19 January 2010, Connector Motorways went into receivership[5] when traffic through the tunnel failed to reach the projected volumes. Toll road operator Transurban bought the tunnel in May 2010 for $630 million and became the new operator.[6]
References
[edit]- ↑ "An Overview of the Lane Cove Tunnel and Falcon Street Gateway" (PDF). Connector Motorways. Retrieved 23 October 2021.
- ↑ Li, Zheng; Hensher, David (September 2010). "Toll Roads in Australia: An Overview of Characteristics and Accuracy of Demand Forecasts". Transport Reviews. 30 (5): 541–569. doi:10.1080/01441640903211173. S2CID 153484704. Retrieved 23 October 2021.
- ↑ "Connector Motorways (January 2007)". Archived from the original on 8 January 2007. Retrieved 23 October 2021.
- ↑ O'sullivan, Matt (20 January 2010). "Lane Cove Tunnel operator hits the wall". The Sydney Morning Herald.
- ↑ KordaMentha appointed to Connector Motorways Pty Ltd. Deprecated link archived 27 January 2010 at archive.today. Retrieved 20 January 2010.
- ↑ Lane Cove Tunnel sold for $630 million - ABC News (Australian Broadcasting Corporation)[link removed]. Abc.net.au (10 May 2010). Retrieved 2013-09-07.
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