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 ...
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%),
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(15%) and
Leighton
Leighton may refer to:
Places
In Australia:
* Leighton, Western Australia, a beachside locality
In the United Kingdom:
*Leighton, Cambridgeshire
*Leighton, Cheshire
*Leighton, North Yorkshire
**Leighton Reservoir
* Leighton, Shropshire
*Leighto ...
(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 Statutory authority, agency of the Government of New South Wales, New South Wales Government responsible for major road infrastructure, licensing of drivers, and registration of motor vehicles. The ...
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 Melbou ...
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
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