Statement by East West Connect
The East West Connect consortium has reached an agreement with the Victorian Government in the form of a non-binding Heads of Agreement providing a satisfactory resolution to the East West Link project.
The agreement enables the Victorian Government to acquire the Project Companies for a nominal consideration.
The agreement also enables the sponsors of the Project Companies to cease work on the East West Link project and to be kept whole for fees and costs that have been incurred.
The East West Connect consortium will now work with the financiers to conclude the formal agreement.
Consortium members look forward to pursuing future projects in the State of Victoria.
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