The owner and operator of Sydney's Lane Cove Tunnel and associated tolled ramps, Connector Motorways Pty. Ltd., was placed in receivership last week.

The receivers and managers said they would look at what options for the tunnel's future existed, including a sale.

The Lane Cove Tunnel is a 3.6km tolled twin-tunnel that links the M2 Motorway at North Ryde with the Gore Hill Freeway at Artarmon.

The tunnel and ramps opened in March 2007. The tunnel cost $1100 million to build, but the total investment in the project has been estimated to be $1800 million. Connector has the right to collect tolls until the year 2037.