On August 31, the New South Wales Government announced Transurban as the successful buyer of 51% of the Sydney Motorway Corporation (SMC), the constructor and concession holder of all three stages of WestConnex.
This $9.3 billion transaction represents a major milestone for SMC and the NSW Government, as well as GTA Consultants' team members who had worked on this project since 2016 to support the transaction.
WestConnex is a toll road that will be built in Sydney to connect the existing M4 and M5 freeways, which link Sydney’s west and south-west with the CBD. The 33km motorway system will form a vital part of Sydney’s future integrated transport plan and support long-term economic and population growth.
GTA was engaged by the NSW Treasury to provide independent traffic forecasts to support the equity sale of SMC throughout the bidding process.
GTA Managing Director Michael Durkin said, “This project highlights the depth of GTA’s resources and specialist transport advice that combines our analytical insight across the entire transport system.”
“GTA’s contribution to this project emphasises our capability to deliver critical transport analyses for both Government and Commercial clients to support the planning, sale and operation of multi-billion-dollar transport projects across Australia,” he said.
The WestConnex project comprises several major components which are scheduled to be completed by 2023.