Type Private Products EastLink Tollway Headquarters Ringwood, Australia | Industry Transportation Number of employees approx. 200 (2014) Parent organization Connecteast Holding Trust | |
Key people Charles Griplas, Managing Director Revenue A$ 218.35 million (2011) Founded 2002, Mount Waverley, Australia | ||
ConnectEast is an Australian limited corporation responsible for the finance, design, construction and operation of Melbourne's EastLink tollway project.
Previously listed in the Australian Stock Exchange as The ConnectEast Group (stock symbol: ASX: CEU), it won the $2.5 billion tender in 2004 to finance, design, construct, operate and maintain the 39 km Mitcham-Frankston motorway, which links the Eastern Freeway in the eastern suburbs of Melbourne to the Frankston Freeway in Melbourne's south-east. This tollway, called EastLink was constructed through a joint-venture between Thiess and John Holland and completed 5 months ahead of schedule with the tollway opening in June 2008.
In late 2011, the company was sold to Horizon Roads (a consortium of 8 investors: Universities Superannuation Scheme from the UK, Algemene Pensioen Groep of the Netherlands, National Pension Service of Korea, China's Leader Investment Corp, Arbejdsmarkedets Tillægspension of Denmark, Teachers Insurance and Annuity of the US and the Korean Teachers Credit Union) for $2.2 billion.