Nexus Consortium has been awarded the $1.6 billion Toowoomba Second Range Crossing contract under a 25-year public-private partnership.
Minister for Infrastructure and Regional Development, Warren Truss, praised the project as vital to Queensland's economic and industrial development.
The project is expected to be completed by 2018 and will allow motorists to bypass up to 18 sets of traffic lights.
“Nexus was selected for the project because of their expertise, innovative design and ability to deliver a value-for-money project that will support the movement of freight to the Port of Brisbane,” Truss said.
The government estimates that the crossing with increase economic activity in the region by $2.4 billion over a 30-year period with an estimated 1800 full-time jobs to be created during the project’s construction.
Queensland Treasurer, Curtis Pitt, said the treasury enacted an extensive and rigorous procurement process for choosing the best candidate for the job.
“This is a great day for the Darling Downs region. The project has now cleared the final stage of the procurement process, which formally commenced with the issuing of Expressions of Interest in June 2014, and is about building the region's future,” Pitt said.
“I'm delighted through this process we've been able to deliver an outcome that demonstrates innovation, value for taxpayers and is environmentally responsible.”
Member for Groom, Ian Macfarlane, said the Toowoomba second range crossing will be one of the nation's most important infrastructure projects for years to come.
“Today is a momentous occasion for the people of Toowoomba and the Darling Downs, who recognise the importance of this project to both improve quality of life and enhance road safety. It will also cement our region's significance as an economic hub by encouraging new business investment and jobs growth,” Macfarlane said.
“As the Surat basin and Lockyer valley are important for the agriculture and mining sectors, the second range crossing also will improve efficiency for freight operators and free up local roads for residents.”
Construction is set to commence later this year.
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