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$1.6bn Toowoomba highway bypass picks up speed

$1.6bn Toowoomba highway bypass picks up speed

A major firm has advised the Nexus Infrastructure consortium on its winning bid to oversee the Toowoomba Second Range Crossing Project.

Firms: Ashurst (Nexus Infrastructure Consortium)

Deal: Nexus Infrastructure consortium will design, construct, finance, operate and maintain the $1.6 billion Toowoomba Second Range Crossing

Value: $1.6 billion

Area: Infrastructure

Key Players: The Ashurst team was led by Gareth Sage and included partners Simon Irvine and Mark Disney, as well as counsel Rob White.

Deal Significance: The Toowoomba Second Range Crossing will be a 41 kilometre highway bypassing the city of Toowoomba to improve traffic conditions and road safety in the region.

The Nexus Infrastructure consortium consists of Plenary Group, Cintra, Acciona Concessions, Acciona Infrastructure, Ferrovial Agroman and Transfield Services.

Ashurst advised Nexus on a range of aspects including the bid process and documentation, project financing, planning, taxation and legal due diligence.

Construction is expected to be complete in late 2018, after which Nexus is contracted to operate and maintain the road for 25 years.

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$1.6bn Toowoomba highway bypass picks up speed
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