WestConnex Sale

WestConnex Sale

Client

Transurban
AusSuper
ADIA
CPPIB

Location

Sysdney, NSW

Date

2018

Value

$9.3 billion (for 51%)

Sector

Private Sector

Services Provided

Financial & Debt Advisory

Debt advisory to the Transurban consortium’s successful acquisition of the 51% stake in WestConnex

WestConnex is Australia’s largest road infrastructure project and is a critical part of a broader plan to get Sydney, and Australia, moving again. When complete in 2023, WestConnex will provide motorists with a continuous, 33km traffic-light free motorway network, with connections for future projects linking the north shore and northern beaches, Sydney Airport and the southern suburbs.

In 2018, the NSW Government sold a 51% stake in the network of WestConnex toll roads. Cameron advised the successful Transurban consortium was responsible for arranging the debt package to support the acquisition. This involved unique structuring of debt packages across brownfield (M4), khakifield (M5) and Greenfield (M4-M5) toll road revenue risk profiles.