Preferred bidder for US$ 1.18 billion Australian road contract
By Chris Sleight08 July 2015
The Nexus consortium, which includes Ferrovial subsidiaries Cintra Infraestructuras and Ferrovial Agroman, Plenary Group, Acciona and Transfield Services, has been named preferred bidder for the AU$ 1.6 billion (US$ 1.18 billion) Toowoomba Second Range Crossing toll road in Toowoomba, Queensland, Australia.
The contract for design, construction, financing, operation and maintenance of a 41 km section of the toll road will be on a 25 year concession period. The scheme is intended to improve traffic conditions by bypassing the city of Toowoomba and reducing the volume of heavy goods traffic travelling through the centre of the town.
The 25-year concession will start 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.
It will be Cintra’s first investment in Australia. The infrastructure operator currently manages over 2,180 km of toll roads in Canada, the US and Europe.