Ventia will be the Operations and Maintenance provider for the Spark consortium, which was today awarded the North East Link Primary Package PPP in Melbourne (The NEL Project).
The NEL Project provides three-lane twin tunnels that will close the missing link in Melbourne's freeway network. Up to 135,000 vehicles will use North East Link every day, reducing congestion in the north-east while maintaining local roads for local trips.
Ventia will be responsible for operations, maintenance, and asset lifecycle management over a 25-year period. The contact term will begin following completion of the design and construction phase and is expected to generate approximately $1.41 billion in revenue for Ventia over the contract period.
As the Operations and Maintenance provider, Ventia services will include operations management, incident response, routine and corrective maintenance, asset replacement, and maintenance of Intelligent Transport Systems.
Ventia Group CEO Dean Banks said Ventia is looking forward to supporting the delivery of the much-anticipated project for the Victorian Government and the people of Melbourne.
"I am very pleased to see Ventia build on our legacy of providing essential transport related services to Victoria with a strong focus on supporting local employment and the local supply chain," said Dean.
This win also builds on our strategy of applying a client-focused, innovative and sustainable approach to essential infrastructure services and we are excited to have the opportunity to continue bringing this approach to the North East Link Project.
Ventia is one of the largest providers of road network, motorway and tunnel operations and maintenance services in Australia and New Zealand. Our integrated transport services support our clients with reliable and safe journey management, meaning safety and efficiency for the driving public.
Other members of the Spark consortium include WeBuild, GS Engineering and Construction, CPB Contractors, China Construction Oceania, Capella Capital, John Laing, DIF and Pacific Partnerships.
