Queensland Motorways in pole position to win RiverCity

A decision on the new owner of the Clem Jones Tunnel may come as soon as this month.

Queensland Motorways, which manages 62 kilometres of toll roads and bridges in the state, may be the front runner to buy the distressed RiverCity Motorway Group, owner of the 6.8 kilometre Clem Jones Tunnel, which collapsed under the weight of debt in 2011 after traffic and toll revenue were one-third of forecasts.

Final bids for RiverCity, built at a cost of $3 billion, are due by close of business, September 23. A decision on who will own RiverCity may come as soon as the end of the month.


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