Transurban moves on $2.7bn tunnel Dow Jones newswires27 Mar, 11:00 PM DataRoomIndustriesInfrastructure Toll road operator Transurban has picked a group formed by French construction firm Bouygues and Lend Lease to build a twin motorway tunnel that will require an investment of $2.65 billion.
Transurban said the joint venture between Bouygues and Lend Lease was selected as preferred contractor for the project, in a statement on its website. The contract still needs planning approval, the company said.
The project, dubbed NorthConnex, will be a 9-kilometre tunnel outside Sydney linking two of its main highways.
Transurban picked the Bouygues group after a competitive tender process that attracted several bidders, the company said.
A Bouygues official confirmed the Transurban decision.
TCL Price at posting:
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