August 31, 2018 - Today’s announcement of the NSW Government’s sale of a 51 per cent stake in WestConnex to Sydney Transport Partners is a great outcome for the people of NSW.
Roads Australia President, David Stuart-Watt, says the sale confirms that building WestConnex was and is the right decision by the NSW Government, both from a commercial perspective and in terms of addressing Sydney’s road congestion problems.
“Looking at the big picture, WestConnex is a critical piece of infrastructure that will unlock significant economic and community benefits, especially for Sydney’s west,” he says.
“The sale (of the majority stake) represents a vote of confidence by the private sector.
“Importantly, we now have money in the bank to ensure the project can be fully delivered, as well as a significant dividend that can be invested in other infrastructure.”
“All the partners involved in the planning, design and construction of this city-shaping project deserve congratulations, not just for the sale result but the way in which the project has been managed and delivered to date.”