Cross City Motorway Ltd., the operator of Sydney's Cross City Tunnel, was placed into receivership Dec. 27, due to debt of around A$560 million to a syndicate of 16 domestic and international ...

A: Cross City Tunnel entrance introduced from the northbound Eastern Distributor near Wisdom lane B: One merging lane removed from the Darlinghurst Road onramp to William Street at Darlinghurst Road ...

The NSW government has terminated negotiations with the operator of the Cross City Tunnel and announced the reversal of 13 surface road changes. Premier Morris Iemma said the government had halted ...

The Cross City Tunnel has had a troubled financial run since its opening in 2005. It was placed into receivership in 2007, before being bought for about $700 million by Royal Bank of Scotland, ...

Sydney's troubled Cross City Tunnel has been placed into receivership, with debts of about $560 million. A syndicate of 16 domestic and international banks, which is owed the money, has appointed ...

The owners of Sydney's Cross City Tunnel are blaming the New South Wales Government for the company having to be placed in voluntary administration. Cross City Motorway, which is owned by the ...

Yesterday Transurban announced an agreement to purchase all of the Royal Bank of Scotland’s senior secured debt linked to Sydney’s Cross City Tunnel for $475m, subject to regulatory approval. Costing ...

Local residents are claiming victory after the reversal of one of Sydney's most controversial road closures associated with the Cross City Tunnel. In the first of a number of road reopenings near ...