An alliance led by a subsidiary of Australian construction giant Leighton Holdings has been selected as the preferred tenderer for a $1 billion road contract in the New Zealand capital of Wellington.

On Tuesday, Leighton Contractors announced that the Wellington Gateway Partnership (WGP) in which it has a ten percent stake had been selected by the New Zealand Transport Agency (NZTA) to design, build and operate (for 25 years) the Transmission Gully Motorway – a 27 kilometer long standard expressway link between…