Connector Motorways

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Connector Motorways
Defunct January 2010
Headquarters Sydney, Australia

Connector Motorways was an Australian toll road operator. Connector owned the Lane Cove Tunnel and the Falcon Street Gateway in northern Sydney. Both projects opened to the public in March 2007.

On 19 January 2010, Connector Motorways went into receivership[1] when traffic through the tunnel failed to reach the projected volumes. Connector Motorways was supposed to operate the tunnel concession until 2037.[2]

International toll road operator Transurban bought the tunnel in May 2010 for $630 million and became the new operator.[3]

References[edit]

  1. ^ KordaMentha appointed to Connector Motorways Pty Ltd.. Retrieved on 20 January 2010.
  2. ^ O'sullivan, Matt (20 January 2010). "Lane Cove Tunnel operator hits the wall". The Sydney Morning Herald. 
  3. ^ Lane Cove Tunnel sold for $630 million - ABC News (Australian Broadcasting Corporation). Abc.net.au (2010-05-10). Retrieved on 2013-09-07.