Four bidders likely to vie for RiverCity

The bankrupt owner of Brisbane’s Clem Jones Tunnel may get as many as four bidders by the end of the day.

KordaMentha says final bids are due at the end of the day for the bankrupt toll road RiverCity Motorway Group, owner of the 6.8 kilometre Clem Jones Tunnel.

The tunnel is valued at between $700 million and $750 million by hedge funds that trade its distressed debt.


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