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...

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