Funding and Delivery of Two Freeway Upgrade Projects
Overview
As Melbourne’s population continues to grow, community and industry demands upon the metropolitan freeway network are also growing.
In this report, we examine the funding and delivery of two freeway upgrades: the completed Tullamarine Calder Interchange (TCI) project; and the recently commenced M1 upgrade project. The state’s contribution to these upgrades was funded through the encashment of concession notes held by the state under the CityLink toll road concession with the Transurban Group.