Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: July 16, 2009

Project Name: North-South Bypass Tunnel
Year in Operation:
Sector: Transportation
Subsector: Tunnel, Roads, Bridge
Status: Design / Construction
Type: New Facility
Description: Also known as the M7 Clem Jones Tunnel, the project is an underground toll road that connects Woolloongabba and Bowen Hills which will relieve congestion in Brisbane. The 6.8 km road will also provide an additional Brisbane River crossing and include 18 bridges and 4.3 km of tunnel.
Delivery Method as described in the country where it's located: Public Private Partnership
Is the project still active: Yes
Comments: DBFOM with a 45 year concession period after which the facility will be given to the Queensland government.

Project Locations

Address:
City: Brisbane
State: Queensland
Country: Australia, Commonwealth of

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: The private consortium will own and operate the land for the 45 year concession period.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): The private entity will hold the facility for a period of 45 years.

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: The private consortium and their investors will incur large initial debt that will be repaid through toll collection revenue of the completed project over the concession period.

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 independent checking engineer? Yes
Project Finance Method: All By Private 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
49
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: August 1, 2006
Project Value
Hard Cost
Hard & Soft Costs
Total
$500 Million - 2 Billion US
(none)

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