AAP General News (Australia)
02-25-2011
QLD:Struggling Clem7 tunnel in receivership
Eds: Adds comment from Qld Treasurer Andrew Fraser, RACQ
By Gabrielle Dunlevy
BRISBANE, Feb 25 AAP - Receivers have been appointed to the owner and operator of the
financially troubled Clem7 tunnel under the Brisbane River.
The Clem7 tunnel opened in March 2010 but has fallen well short of its projected traffic
flows, leaving it unable to meet interest payments or cover operating costs.
KordaMentha partners Martin Madden and David Merryweather were appointed to RiverCity
Motorway Group on Friday, with the main objective to …
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