A consortium led by Queensland state government-owned investment fund QIC Ltd. has agreed to pay $2.76 billion to build the nine-kilometer NorthConnex Motorway near Sydney.
April 03, 2014 at 03:57 AM
1 minute read
The original version of this story was published on Global Lawyer News
Herbert Smith Freehills and Clayton Utz have the lead roles on a $2.76 billion deal to construct tunnels to connect to motorways running past Sydney.
A consortium led by Queensland state government-owned investment fund QIC Ltd., Melbourne-based toll road operator Transurban Group and the Canadian Pension Plan Investment Board has agreed to fund construction of the nine-kilometer NorthConnex Motorway in exchange for the grant of ownership rights from the state government of New South Wales.
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