Transurban finalises $9.3B WestConnex deal

The consortium led by road operator company Transurban has reached financial close on the acquisition of a 51 per cent equity stake in WestConnex from the New South Wales Government.

The consortium led by road operator company Transurban has reached financial close on the acquisition of a 51 per cent equity stake in WestConnex from the New South Wales Government.

According to an ASX statement dated 27 September, the consortium comprises Transurban (50 per cent), CPPIB (20.5 per cent), AustralianSuper (20.5 per cent) and Tawreed Investments (a wholly-owned subsidiary of Abu Dhabi Investment Authority – 9 per cent).

Transurban CEO Scott Charlton said WestConnex was city-shaping infrastructure that would make a significant contribution to the ongoing liveability of Sydney in the decades ahead.

“We look forward to working with our consortium partners, the NSW Government and the existing team at Sydney Motorway Corporation to complete its construction and ensure that the city gets the most out of this key piece of infrastructure,” he said.

In May, the Australian Competition and Consumer Commission had raised preliminary competition concerns about the consortium.


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