 | |
| Company type | Public |
|---|---|
| ASX: RCY | |
| Industry | Road transport |
| Defunct | 17 September 2019 |
| Headquarters | , Australia |
Area served | Brisbane |
Key people | Mark Snape, CEO |
| Services | Clem Jones Tunnel, FLOW tolling system |
| Website | www.rivercitymotorway.com.au/ |
RiverCity Motorway Group was a Queensland company that operated Brisbane’s first private tollway — the Clem Jones Tunnel (CLEM7). They also established FLOW Tolling, a tolling service provider. Rivercity Motorways Group won the rights to be the maintainer of the Clem Jones Tunnel. When the tunnel opened in 2010 it was to have a concession period of 45 years before it was handed back to the City of Brisbane. The value of the tunnel was written down by $1.56 billion to $258 million in 2010.[1]
The company was delisted, liquidated and subsequently deregistered in September 2019.[2]
- ^ Tracy Lee & Nabila Ahmed (25 February 2011). "End of the road as RiverCity Motorway sinks owing $1.3bn". The Australian. News Limited. Retrieved 14 May 2012.
- ^ "RIVERCITY MOTORWAY PTY LIMITED ACN 116 665 304". ASIC Connect. Retrieved 14 October 2021.