Connector Motorways

Connector Motorways
TypeTransport
Founded2007
DefunctJanuary 2010
HeadquartersSydney, Australia
OwnerCK Infrastructure Holdings (19.6%)
AMP (15%)
Leighton (11%)
DivisionsLane Cove Tunnel
Military Road E-ramp
Websiteconnectormotorways.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

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

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

  1. ^ "An Overview of the Lane Cove Tunnel and Falcon Street Gateway" (PDF). Connector Motorways. Retrieved 23 October 2021.
  2. ^ 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.
  3. ^ "Connector Motorways (January 2007)". Archived from the original on 8 January 2007. Retrieved 23 October 2021.
  4. ^ O'sullivan, Matt (20 January 2010). "Lane Cove Tunnel operator hits the wall". The Sydney Morning Herald.
  5. ^ KordaMentha appointed to Connector Motorways Pty Ltd. Deprecated link archived 27 January 2010 at archive.today. Retrieved 20 January 2010.
  6. ^ 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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