The public-private partnership, which is worth an estimated AU$5.3bn (£2.8bn), involves construction of a 6.6km link that includes twin 4.4km three-lane tunnels. Employment for about 3,700 people is expected to be created by the project.
Lend Lease group chief executive officer and managing director Steve McCann said: “Lend Lease is pleased to be announced as the Victorian Government’s partner to deliver this important infrastructure project. The East West Connect consortium will leverage its international and local expertise to deliver an outstanding outcome for the people of Victoria.”
The project remains subject to financial close, which is expected to take place during October.