No Quarterly CPI adjustment in July 2009

Connector Motorways, owner and operator of the Lane Cove Tunnel and Falcon Street Gateway, said today there would be no quarterly adjustment to tolls in July 2009.    

For immediate release
16 June 2009
 
No Quarterly CPI adjustment in July 2009
 
Connector Motorways, owner and operator of the Lane Cove Tunnel and Falcon Street Gateway, said today there would be no quarterly adjustment to tolls in July 2009.
 
As a result of the current economic conditions and no increase in March quarter’s Consumer Price Index (CPI), tolls will remain steady at their current levels.  
 

 
Current Tolls
 
Lane Cove Tunnel – cars
$2.72
 
Lane Cove Tunnel – trucks
$5.45
 
Falcon Street Gateway – cars
$1.36
 
Falcon Street Gateway – trucks
$2.72
 

Passenger vehicles: Height - less than or equal to 2.8m, and length – less than or equal to 12.5m
Heavy vehicles: Height – greater than 2.8m or length – greater than 12.5m
 
Toll prices include GST and are in accordance with the Project Deed signed by Connector Motorways and the NSW RTA in 2003.
 
Toll charges for the Lane Cove Tunnel and Falcon Street Gateway are adjusted quarterly in line with the Consumer Price Index.
 
 
ENDS
 
Media contact:          Trent Mumford          0412 115 400