THE high profile owners of Sydney's Lane Cove Tunnel are preparing to sell the asset for around $1 billion less than what it cost to build.

ABN Amro's Diversified Infrastructure Trust, Leighton Holdings, Mirvac, REST and Hong Kong's Li Ka-shing are amongst the owners of the 3.6 kilometre tunnel, which is expected to sell for about $600 million.

The asset will generate an income until 2037.

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