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AECOM offers settlement to investors in Oz toll road flop

10 June 2016
 

Investors in an Australian toll road that went into receivership are set to share a $121m payout from the road’s traffic forecasting consultant AECOM Australia and road owner RiverCity Motorway.

The conditional settlement, secured on a ‘no admissions’ basis (i.e. without admitting liability), follows a class action lawsuit brought by more than 1,000 small investors in the Clem7 tunnel in Brisbane. 

The parties will now apply for the Federal Court’s approval of the...

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