Lend Lease Group (LCC) has been named the preferred tenderer for the design and construction of the NorthConnex Motorway in Sydney, a project undertaken by Transurban and its partners in the Westlink M7.
Lend Lease has partnered with French construction entity Bouygues Construction to deliver the project, though the award of the design and construct contract to the JV is subject to planning approval being obtained and finalisation of contract terms.
Transurban (TSL) has indicated that the project is valued at $3 billion, and has a construction budget of $2.65bn.
Lend Lease's selection enables the project to be submitted to the New South Wales Government for final planning approval, which will include detailed community consultation.
Transurban chief executive officer Scott Charlton said the tender process overseen by his group demonstrated the benefits of private sector led procurement, which resulted in a fast-tracked timeframe in the bidding process as well as reduced cost for tenderers.
"A number of strong bidding consortia participated in the process, which resulted in the delivery of a design that is strong on innovation, sustainability and enhanced outcomes for the road users and residents in the project corridor," Mr Charlton said.
Pending approval by the NSW government, financial close is expected in late 2014, with work on NorthConnex tipped to begin in 2015.
The funding sources for the project previously agreed with the NSW Government are unchanged by today’s announcement.
Lend Lease chief executive officer Steve McCann said the group's selection endorses its position as a leading engineering business in Australia with significant capability to deliver large infrastructure projects.