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ConnectEast is an Australian company responsible for the finance, design, construction and operation of the EastLink toll road in Melbourne .
Previously listed in the Australian Securities Exchange (ASX) as the ConnectEast Group, it won a $2.5 billion tender in 2004 to finance, design, construct, operate and maintain the 39 km EastLink toll road between Mitcham and Frankston ,[1] Frankston Freeway in Melbourne's south-east. This tollway was constructed by a joint venture between Thiess and John Holland and completed five months ahead of schedule with the tollway opening in June 2008.[2]
In late 2011, ConnectEast was sold to Horizon Roads (a consortium of eight investors: Universities Superannuation Scheme from the United Kingdom, APG of the Netherlands, National Pension Service of[South Korea, China's Leader Investment Corp, Arbejdsmarkedets Tillægspension of Denmark, Teachers Insurance and Annuity of the US and the Korean Teachers Credit Union[3] [4] [5] [6]
ConnectEast's concession expires in 2043.[7]
References [ edit ]
^ Grant-Taylor, Tony (23 July 2011). "Toll road bid watched closely" . The Courier-Mail News Corp Australia . Retrieved 22 September 2016 .
^ CP2 wins vote to acquire ConnectEast Australian Financial Review
^ Wilson, Neil (27 September 2011). "ConnectEast takeover approved after close vote" . Herald Sun . Retrieved 30 August 2014 .
^ ConnectEast Group Removal from Official List Australian Securities Exchange 2 November 2011
^ Transurban Says It Wants to Buy Stake in Melbourne’s EastLink Bloomberg News
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a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
