Operator
The Harbour Tunnel is a partnership between the Government of New South Wales and private investors by tender. Transfield Pty Limited and Kumagai Gumi formed a 50/50 joint venture company which constructed the tunnel under contract; with an operating contract, including revenue collection and maintenance, from 1992 until 2023. As a result of the 1997 separation of assets of Transfield and the creation of the Tenix group, the ongoing thirty-year operating contract for management of the tunnel is split between Kumagai Gumi (50%), Transfield (25%) and Tenix (25%). At the conclusion of the operating contract in June 2023, the tunnel is to be handed back to the NSW Government.
There was a lot of scepticism surrounding the appointment of Transfield to build the tunnel, after other projects including IMT tunnels, carried out by the group, developed structural problems resulting in leaks.
Read more about this topic: Sydney Harbour Tunnel