$450M asset management contract awarded for Sydney Tunnels

$450M Asset Manager contract awarded for Sydney Tunnels
Image courtesy of Ventia.

The NSW Government has signed a long-term contract with Ventia for the asset management, operations and maintenance of the Sydney Harbour Tunnel and future Western Harbour Tunnel.

The 15-year contract, worth $450 million, includes two further 10-year options at the discretion of the NSW Government. The contract will commence in early April 2022.

For the Western Harbour Tunnel, Ventia will provide a range of services including whole of life design review, lifecycle cost modelling, and recommendations on reliability, availability, maintainability and supportability of the asset.

Ventia will commence asset management, operations and maintenance services on the Western Harbour Tunnel following its completion.

Transport for NSW Deputy Secretary Camilla Drover said that “efficient and sustainable” solutions will be put in place across both road tunnels.

“The contract will create a more integrated road network and support quick, safe and reliable trips for motorists,” Drover said.

Ventia Group CEO Dean Banks said Ventia is pleased to build on its long-standing relationship with Transport.

“We will leverage our capabilities and existing tunnel experience to redefine service excellence on these two key essential infrastructure assets,” Banks said.

Ventia is one of the largest providers of road network, motorway and tunnel operations and maintenance services in Australia and New Zealand.

By creating a western bypass of the Sydney CBD, the Western Harbour Tunnel will aim to take pressure off the Sydney Harbour Bridge, Sydney Harbour Tunnel, Anzac Bridge and Western Distributor corridors to improve transport capacity in and around Sydney Harbour. Construction for Western Harbour Tunnel is expected to be completed in 2027.

For more information on the Western Harbour Tunnel, click here.

 


 

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