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Peninsula Link marks industry first

23 January 2013

The opening of Peninsula Link freeway in Victoria on Friday 18 January 2013 is the first significant Australian infrastructure milestone in 2013.

The project was completed in just under three years, during which time three million cubic metres of earth were moved, 45 bridge structures were built and 407,800 tonnes of asphalt were laid to complete 27km of two-lane dual carriageway.

Completion of the $655 million Abigroup contract provides motorists with uninterrupted freeway from Melbourne to the Mornington Peninsula, reducing travel times and easing traffic congestion on surrounding roads for residents, particularly in busy holiday periods.

“Peninsula Link is the largest infrastructure project ever undertaken by Abigroup in Victoria,” said Abigroup Acting Managing Director David Saxelby. “The project has been of immense importance and interest not only to the organisation, but also to the Victorian Government and industry at large due to the funding model under which it was delivered.”

“The road is the first to be delivered in Australia under the availability PPP model, which has more commonly been used for the delivery of social infrastructure. Under the model, the private sector is responsible for constructing, financing, operating and maintaining the road, in return for repayments from the government over an agreed term. The repayments are subject to successful ongoing operations and maintenance, ensuring that road quality and safety remain high priorities.”

In addition to delivering the construction component of the contract, Abigroup’s sister company Lend Lease’s infrastructure services business is responsible for the ongoing operation and maintenance of the road for the next 25 years.

Abigroup has a strong history of successful infrastructure delivery in Victoria, having completed projects including Geelong Bypass, Pakenham Bypass and Craigieburn Bypass as well as high profile interstate projects including the M7 Motorway in New South Wales and the Gateway Upgrade Project in Queensland.



The Tree of Life by NZ artist Phil Price - one of three sculptures which feature along the freeway

 

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