Plenary Group has announced it has taken over the management of Peninsula Link PPP Project in southeast Melbourne (Australia).

The 27-kilometre toll-free road between Carrum Downs and Mount Martha was procured under a public-private partnership with the Victorian Government and opened to the public in January 2013.

Plenary has taken over the asset management role on behalf of Southern Way, the entity contracted to operate Peninsula Link under a 25-year concession. Southern Way harnessed the strengths of Lend Lease to design, construct, operate and maintain Peninsula Link. Lendlease commenced the Operations and Maintenance phase of the contract with the successful opening of the freeway.

Plenary Group Chief Operating Officer Glenn Hay said Peninsula Link complements Plenary’s other road projects across Australia, Canada and the US, including the AUD1.6 billion Toowoomba Second Range Crossing currently under construction in Queensland.

Plenary is now responsible for delivering or managing 60 assets across Australia, Canada and the US.

Mr Hay said Lendlease Services will continue to provide on-site operations and maintenance services under the terms of its agreement with Southern Way.

Mr Hay said:

“We are excited to be taking over such as strong asset, and one that complements our existing portfolio of projects so well. Our asset management team is looking forward to the long-term relationship with Southern Way and the broader road user community to ensure the smooth and continued running of the road.”