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ARTICLE · 14 APRIL 2011

Where to now for toll road PPPs?

Clayton Utz
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Owen Hayford from our Construction and Major Projects group looks at the current funding models for toll roads - is the traditional toll road PPP model broken? Or is it just in need of some tailoring?

AustraliaReal Estate and Construction
Owen Hayford (Formerly With Clayton Utz)
Owen Hayford (Formerly With Clayton Utz)
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Owen Hayford from our Construction and Major Projects group looks at the current funding models for toll roads - is the traditional toll road PPP model broken? Or is it just in need of some tailoring?

Video transcript
Where to now for toll road PPPs?
Owen Hayford, Partner, Construction & Major Projects

Some say that a number of toll road projects, such as the Cross City and Lane Cove Tunnel projects in Sydney, and the CLEM7 in Brisbane, have failed, and so we need a new model for future toll road projects. Is the traditional toll road PPP model broken?

It's not correct to say that these projects have been 'failures'. It is certainly true that each of these projects failed to generate the traffic and toll revenue which the private sector investors forecast, and that this has resulted in significant losses for those investors and, in some cases, for the project lenders as well. 

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