NSW confirms WestConnex Stage three, Sydney Motorways sale

18 May 2017

IPA: The confirmation of the sale process and timeline for the Sydney Motorway Corporation will free up state government funding for more rail, road and transport infrastructure, says Infrastructure Partnerships Australia.

NSW can expect an excellent price for the WestConnex motorways business, with the money funding the costly but critical third stage tunnel and other transport infrastructure,” said Chief Executive Brendan Lyon.

Sydney is a modern global city that’s been served by a 19th century transit and road network.

“There’s been some understandable local opposition to the WestConnnex motorways, but alongside the Sydney Metro rail projects we are seeing Sydney’s transport system totally transformed.

“NSW continues to be a global leader in infrastructure, with record infrastructure investment enabled by the lease of public assets.

“The $7.6 billion price for Endeavour Energy yesterday shows the continued record prices for NSW infrastructure assets.

“NSW is one of the world’s busiest infrastructure markets because the NSW Government has been honest about the need to find real money, to pay for real infrastructure projects.

“With congestion costing Sydney $6 billion this year alone, it is vital that the road network is effectively connected, and that includes the third stage of the transformational WestConnex project.”

 

--ENDS--

 

Source:  Infrastructure Partnerships Australia - wwww.infrastructure.org.au

Contact:  Sarah Dagg T 0438 380 464

External Links:  N/A

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