The Lane Cove Tunnel is a A$1.1 billion, 3.6 km twin tunnel tollway in Sydney, Australia, connecting the M2 Motorway at North Ryde with the Gore Hill Freeway at Artarmon. It forms part of Sydney Metroad 2 and the 110 km Sydney Orbital Network. Connector Motorways was the owner and manager of the Lane Cove Tunnel and Falcon Street Gateway and were going to operate the tunnel concession until 2037. The "failed infrastructure project" has been a disaster for the company, which went into receivership in January 2010 after a string of losses. Transurban, a company owning several other toll roads in Sydney bought the tunnel in May, 2010 for $630 million and became the new operator. In 2012 tolls for the Lane Cove Tunnel were $2.94 for passenger vehicles and $5.87 for heavy vehicles, and are adjusted in line with the consumer price index.
Read more about Lane Cove Tunnel: History, Alternative Routes, Falcon Street Gateway, Exits and Interchanges
Famous quotes containing the words lane and/or tunnel:
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—Rose Wilder Lane (1886–1968)
“It is the light
At the end of the tunnel as it might be seen
By him looking out somberly at the shower,
The picture of hope a dying man might turn away from,
Realizing that hope is something else, something concrete
You can’t have.”
—John Ashbery (b. 1927)