Brisbane tunnel project awarded to RiverCity Motorway

A consortium backed by ABN AMRO has been appointed to construct the A$2 billion north-south bypass tunnel.

After a bidding process that began 12 months ago, the RiverCity Motorway Consortium has been handed the contract to build a tunnel under Brisbane, the state capital of Queensland, Australia.

It is the largest infrastructure project to be awarded since ConnectEast picked up the A$3.3 billion construction of the Mitcham Frankston toll way in Melbourne. A deal backed by both ABN AMRO and Macquarie Bank.

This time the two banks were in competition and ABN AMRO beat a...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition