Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBOM All Public Finance
# of Projects: 1
100% of the Results

Background informationProject Created: July 16, 2009

Project Name: Lane Cove Tunnel
Year in Operation: 2007
Sector: Transportation
Subsector: Tunnel, Roads, Electronic Vehicle ID / Toll Collection
Status: In Operation
Type: New Facility
Description: The 3.6 km tolled tunnel connects the M2 Motorway to the Gore Hill Freeway and is part of the Sydney Orbital Network road system.
Delivery Method as described in the country where it's located: Public Private Partnership
Is the project still active: Yes
Comments: A private sector company owns the tunnel until 2037 when it will be given to the NSW government. DBOM

Project Locations

Address:
City: North Ryde
State: New South Wales
Country: Australia, Commonwealth of

Address:
City: Artarmon
State: New South Wales
Country: Australia, Commonwealth of

Souces of Project Support (Non-monetary)

Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): The private entity will own and operate the tunnel until 2037.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: The NSW government financed the project through toll collection.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independant checking engineer? Yes
Project Finance Method: All By Public Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
33
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: December 9, 2003
Project Value
Hard Cost
Hard & Soft Costs
Construction
$250 Million - 1 Billion US
(none)
Total
$500 Million - 2 Billion US
(none)

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