WestConnex is a critical missing link in the Sydney road network and will transform the way motorists, freight and tradies move through the city, boosting economic growth.
Treasurer Dominic Perrottet and Minister for WestConnex Stuart Ayres said unlocking value in the SMC to help fund Stage 3 – the M4-M5 Link – is in line with the Government’s highly successful asset recycling strategy.
“This is a unique opportunity to invest in the most significant road infrastructure project in the nation, in Australia’s most populous state and strongest economy,” Mr Perrottet said.
“Partnering with the private sector allows us to fast-track delivery and crack on with building the crucial final stage so motorists feel the full benefits of the link between the M4 and M5 as soon as possible.”
Mr Ayres said the project would do for Western Sydney what the Sydney Harbour Bridge did for the North Shore 85 years ago, creating around 10,000 jobs, reducing travel times and keeping Sydney moving.
“WestConnex is projected to cut 40 minutes from an average peak journey between Parramatta and Sydney Airport. Once the M4 tunnels are complete in 2019, motorists will be able to travel from Penrith to the western edge of the CBD without stopping at a single traffic light.”
Qualified parties have until 10.00am on Monday, November 13 2017 (Australian Eastern Daylight Time) to register their interest. Bidders will also be provided with an opportunity to submit proposals for the trip processing platform associated with WestConnex and the E-Toll account management platform.
The State will retain 49% of the SMC and its assets.
