The tunnel was constructed between 1996 and 2000 by Transfield–Obayashi Corporation Joint Venture.
The Perisher Skitube Joint Venture was established, with Transfield and Kumagai NSW (a division of Japanese firm Kumagai Gumi) holding a 49 percent share each.
By the early 1980s, Transfield had in excess of 3,000 employees and an annual turnover of A$350 million.When visiting Australia in 1986 Pope John Paul II toured the Transfield factory located at Seven Hills.
Transfield Services operates across diverse industries, including mining and process, hydrocarbons, transport (including road, rail and public transport), utilities (including water, power, and telecommunications), facilities management and defence.