Citi, Ashurst and Ernst & Young were revealed by the Australian Financial Review in late December and will be investigating the financial viability of the project.
It’s understood that the NSW Treasury, Transport and Roads and Maritime Services departments were involved in the decision-making after an interview process canvassing major banks, law firms and accountants.
The scoping study is expected to be presented to the NSW Government for analysis early this year, following the state government seeking industry pitches in November 2018.
The project aims to link Sydney’s Northern Beaches with the CBD via underground tunnelling via the Beaches Link and Western Harbour tunnels.
The scoping study comes just before the state ramps up for its election in March, Labor aren’t in support of the Western Harbour Tunnel project.