- Ferrovial, through a consortium headed by subsidiary Cintra Infraestructuras (Nexus consortium) has been selected as preferred tenderer for the design, construction, financing, operation and maintenance of a 41-kilometre section of the Toowoomba Second Range Crossing toll road in Toowoomba (Queensland).
- The project spans a concession period of 25 years and involves an estimated investment of 1.6 billion Australian dollars.
- The consortium will now work with the Queensland government to finalise the contract.
Ferrovial, through subsidiary Cintra Infraestructuras and Ferrovial Agroman, is a member of Nexus consortium, which has been selected as preferred tenderer for the design, construction, financing, operation and maintenance of the Toowoomba Second Range Crossing toll road in Toowoomba (Queensland), Australia, in a project worth 1.6 billion Australian dollars (some 1.1 billion euro). The consortium also includes Plenary Group, Acciona and Transfield Services.
Ferrovial, through subsidiary Cintra Infraestructuras and Ferrovial Agroman, is a member of Nexus consortium, which has been selected as preferred tenderer for the design, construction, financing, operation and maintenance of the Toowoomba Second Range Crossing toll road in Toowoomba (Queensland), Australia, in a project worth 1.6 billion Australian dollars (some 1.1 billion euro). The consortium also includes Plenary Group, Acciona and Transfield Services.
The project includes the contraction of a 41-kilometre new section of toll road, bypassing the city of Toowoomba and thereby improving traffic conditions in the region by reducing the heavy goods vehicle traffic that currently crosses the centre of town. The project will also enhance opportunities for local economic development and boost employment and the local supply chain.
The 25-year concession starts from the date the highway opens to traffic, scheduled for the end of 2018. The consortium will work closely with the Queensland government to finalise the project.
Once the contract has been finalised, it will be Cintra's first investment in Australia, strengthening its presence and position for future opportunities in this market. Cintra is one of the world’s leading private sector developers of transportation infrastructure in terms of the number of projects and the volume of investment. It currently manages over 2,180 kilometres of toll roads in 2 concessions in Canada, the US and Europe. Cintra is the largest shareholder in the 407 ETR concessionaire, in Ontario, Canada, with a stake of 43.23%.
