Rivercity Motorway Group - Profile Company Report Australia

30-06-2010, 9 pages

RiverCity Motorway Group is a locally owned public entity which is responsible for the construction and operation of Brisbane's first private tollway, the Clem Jones Tunnel. The company operates solely in Queensland, and is administrated from its head office in Brisbane. RiverCity Motorway Group is comprised of units in RiverCity Motorway Holding Trust and RiverCity Motorway Investment Trust which are stapled together and traded on the Australian Securities Exchange under the code, RCY.

On 25th February 2011 Rivercity Motorway Group was placed into receivership.

RiverCity Motorway Group is solely concerned with designing, constructing, financing, commissioning, operating and maintaining the North-South Bypass Tunnel in Brisbane. The group is also responsible in the development, marketing and customer service management of the tolling system. At the end of the 45-year concession period, RiverCity Motorway Group will hand the tunnel back to Brisbane City Council.

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