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The state government will set up its own company to collect tolls from motorists on the $15.8 billion North East Link road project.

A consortium bidding to build the North East Link, the state's biggest ever road project, is poised to withdraw its tender for a contract worth billions of dollars.

It is the latest setback to hit the Andrews government's transport "big build" program.

Construction giant John Holland is pushing back against a state government demand that it be financially liable for cost blowouts building the North East Link in a move that could sideline the construction company from Victoria's most expensive road project.

In a Victorian first, a State-owned company will be set-up to collect tolls for the long-awaited North East Link with toll revenue going towards the cost of building and maintaining the missing link in Melbourne’s freeway network.

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