lane cove tunnel

Transurban buys broke Lane Cove Tunnel concession in Sydney

Posted on Sun, 2010-05-09 21:48

Transurban is buying the Lane Cove Tunnel concession on the eastern end of their M2 Hills Motorway in the northern suburbs of Sydney. The company is paying A$630.5m (US$570m) for the twin tube tunnel 3.6km (2.25mi) toll facility that carries 63.5k vehicles/day. It has been in bankruptcy, operated by receivers for the lenders since January.

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