Client Agency:
RMS
Project Description:
The project involves:
- The financing, design, construction, operation and maintenance of two east–west tollroad tunnels under the Sydney CBD and Darlinghurst/Woolloomooloo, between Darling Harbour and Rushcutters Bay, and associated tunnelled links to Sir John Young Crescent, the Cahill Expressway and the Eastern Distributor, and
- The financing, design and construction of associated improvements to surface roads, including new bus and bicycle lanes, intersection improvements, ‘traffic calming’ measures, wider footpaths and other improvements to pedestrian facilities, to take advantage of the opportunities afforded by reduced traffic congestion.
The project has been funded, designed and built by the private sector.
For further information on the project, refer to the RMS website.
Private Sector Partners:
Transurban (acquired in June 2014)
Project Details:
Contract value: $680 million (Estimated Capital Cost at the time of the contract award)
Contract duration: 19-Dec-2002 to 18-Dec-2035
Operation began: 28-Aug-2005 (two months ahead of schedule)
Project Variations:
Jan-2005
The amendments took effect according to which the principal CrossCity Motorway consortium parties undertook to fund up to $35 million of changes to the project’s works directed by RTA, in return for specified increases in the maximum permissible tolls on tunnel users.
Sep-2007
Contract amendments reflected the transition to a new consortium formed by ABN AMRO and Leighton Contractors. This included an associated refinancing of the project, change in the project’s operation and maintenance contractor, as well as minor amendments to other agreements.
Alternative professional indemnity insurance arrangements were also established at this time.
Related Documents:
Cross City Tunnel Post Implementation Review
