Green light given by the New South Wales government for 2 km of twin, two-lane road tunnel to run east-west connecting William street at the Kings Cross Tunnel and passing beneath Park, Druitt and Bathurst streets to reach the Western Distributor at Darling Harbour. Expected to be completed by 2004, at a cost of $200 million. Over 240 conditions have been imposed regarding public transport improvements and environmental monitoring during construction. Visit www.rta.nsw.gov.au 44/01.
The three shortlisted jvs for the building of the Cross City twin tunnel are: Cross City Motorway Consortium (Baulderstone-Hornibrook Pty Ltd/Bilfinger+Berger/Deutsche Bank); E-Tube (Leighton Motorway Investment Pty Ltd); and Sydney City Tunnel Consortium (Transfield Pty Ltd/Multiplex Constructions Pty Ltd). Winning bid to be announced beginning of 2002. Opening in 2004. Cost of $400 million. Visit www.rta.nsw.gov.au 51/01.The A$640 million BOOT (Build, Own, Operate & Transfer) contract is awarded to the Cross City Motorway consortium (CCM) led by the joint sponsors Deutsche Bank, Baulderstone Hornibrook and its parent Bilfinger+Berger, representing the entry into the Australian market of a new force in infrastructure. Other consortium members who will be taking equity in the tunnel are Cheung Kong Infrastructure Holdings (CKI) and DB Capital Partners. Visit www.rta.nsw.gov.au 11/02.