Connector Motorways
Encyclopedia
Connector Motorways is an Australia
n toll road operator. Connector owns the Lane Cove Tunnel
and the Falcon Street Gateway in northern Sydney
. Both projects opened to the public in March 2007.
On 19 January 2010, Connector Motorways went into receivership
when traffic through the tunnel failed to reach the projected volumes.
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
n toll road operator. Connector owns the Lane Cove Tunnel
Lane Cove Tunnel
The Lane Cove Tunnel is a A$1.1 billion, 3.6 km twin tunnel tollway in Sydney, Australia, connecting the M2 Motorway at North Ryde with the Gore Hill Freeway at Artarmon. It forms part of Sydney Metroad 2 and the 110 km Sydney Orbital Network...
and the Falcon Street Gateway in northern Sydney
Sydney
Sydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...
. Both projects opened to the public in March 2007.
On 19 January 2010, Connector Motorways went into receivership
Receivership
In law, receivership is the situation in which an institution or enterprise is being held by a receiver, a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights." The receivership remedy is an equitable remedy that emerged in...
when traffic through the tunnel failed to reach the projected volumes.