Connector Motorways Explained

Connector Motorways
Type:	Transport
Foundation:	2007
Location:	Sydney, Australia
Divisions:	Lane Cove Tunnel Military Road E-ramp
Owner:	CK Infrastructure Holdings (19.6%) AMP (15%) Leighton (11%)
Dissolved:	January 2010

Connector Motorways was an Australian toll road operator which operated the Lane Cove Tunnel and the Falcon Street Gateway (now Military Road E-ramp) in northern Sydney.^[1] Both projects opened to the public in March 2007. Connector was owned by CK Infrastructure Holdings (19.6%), AMP (15%) andLeighton (11%)^[2]

Connector Motorways started off as the Lane Cove Tunnel Company and was engaged by Roads & Traffic Authority to design, construct, maintain and operate the tunnel for 33 years on 1 October 2003.^[3] Connector Motorways was supposed to operate the tunnel concession until 2037.^[4]

On 19 January 2010, Connector Motorways went into receivership^[5] when traffic through the tunnel failed to reach the projected volumes. Toll road operator Transurban bought the tunnel in May 2010 for $630 million and became the new operator.^[6]

References

1. Web site: An Overview of the Lane Cove Tunnel and Falcon Street Gateway. Connector Motorways. 23 October 2021.
2. Li. Zheng. Hensher. David. September 2010. Toll Roads in Australia: An Overview of Characteristics and Accuracy of Demand Forecasts. 10.1080/01441640903211173 . Transport Reviews. 30. 5. 541–569. 153484704. 23 October 2021.
3. Web site: Connector Motorways (January 2007). https://web.archive.org/web/20070108121204/http://www.connectormotorways.com.au/. 23 October 2021. 8 January 2007.
4. News: Lane Cove Tunnel operator hits the wall . The Sydney Morning Herald . Matt . O'sullivan . 20 January 2010.
5. http://www.connectormotorways.com.au/node/329 KordaMentha appointed to Connector Motorways Pty Ltd.
6. http://www.abc.net.au/news/stories/2010/05/10/2894830.htm Lane Cove Tunnel sold for $630 million - ABC News (Australian Broadcasting Corporation)