Greiner sees healthy Cross City Tunnel appetite

The former Infrastructure NSW chairman expects the cash-flow positive asset to appeal to investors.

Nick Greiner, the former Infrastructure New South Wales chairman, expects Sydney’s Cross City Tunnel to be snapped up by infrastructure investors because it is cash-flow positive, traffic flows have stabilised and the tunnel was only sent into voluntary administration by a legal dispute.

“There’s a lot of appetite for an asset such as the Cross City Tunnel,” Greiner, a former state premier, told DataRoom. “Patronage risk has been removed as traffic volumes have settled.”

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