Financing sought for Australia tunnel project

Financing is being sought in Australia for the a major tunnel project in New South Wales. The project is for the Western Harbour Tunnel, which is intended to run underneath Sydney Harbour. The route for the proposed tunnel would rund from the Rozelle interchange to the Warringah Freeway. The tunnel project forms part of a wider plan to build new road links in Sydney, in a bid to help reduce the city’s traffic problem. The new tunnel would lower journey times for drivers by cutting congestion on the famous Sydney Harbour Bridge. The wider plan is worth an estimated US$10.6 billion ((A$15 billion) in total.