Southern Way have been awarded the contract to build and deliver the $759 million toll-free Peninsula Link project. The Southern Way consortium, comprises Abigroup, Bilfinger Berger and the Royal Bank of Scotland.
Southern Way will finance and build Peninsula Link, as well as operate the roadway for 25 years with the Victorian Government to make quarterly payments under an Availability PPP. It is expected Southern Way will commence preparing for detailed design and construction of Peninsula Link immediately, with financial close on the contract scheduled for mid-February.
Key aspects of the Peninsula Link project include:
• Construction of 27 kilometres of freeway standard road, 11 local road connections, over 35 bridges and 18,000m² of retaining walls;
• An urban design that considers sensitive areas like the Pines Flora and Fauna Reserve;
• 22 kilometre of walking and cycling paths from Patterson Lakes and connecting with other popular paths in the area;
• a major sculpture at the Peninsula Link/EastLink interchange;
• Approximately 1.5 million plants, shrubs and trees planted; and
• A partnership with the Centre for Education and Research in Environmental Strategies (CERES) to teach local school children about environmental initiatives.
Read the media release here.
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