PROJECT DESCRIPTION

The Sydney Harbor Tunnel is a 1.4 mile long four-lane (two lanes in each direction) underwater tunnel linking North Sydney with the Sydney Central Business District. The Tunnel was constructed at a cost of A$749M between 1987 and 1992. The Tunnel was financed and delivered through an innovative built-own-operate-transfer (BOOT) contracting approach. The BOOT arrangement was the first of its kind in New South Wales and was selected by the NSW Government to close the gap between the State's infrastructure requirements and its ability to finance these requirements. Exhibit 4.3 shows one of the two portions of the Sydney Harbor Tunnel from the travel lanes.

Exhibit 4.3 Sydney Harbor Tunnel