IPFA Australia: Sydney: The Sale of WestConnex
In September 2018 the NSW Government completed the long awaited sale of an interest in the WestConnex toll road scheme to a consortium of Transurban, AustralianSuper, CPPIB and ADIA. This marked a key milestone in a novel and ambitious approach to government-led infrastructure finance, first announced by Infrastructure NSW in 2012, which needed to find a way to bring private finance back to the toll road market after the well-known financial failures of Cross City Tunnel, Lane Cove Tunnel, Airport Link and Clem 7.
Attendees will hear how the NSW Government was able to bring the combined asset to market and achieve a sale price widely heralded by the market while navigating regulatory hurdles presented by FIRB, the ATO and the ACCC.
At this event we will count on insights from Jacqui Christie, New South Wales Treasury and Alex Wendler, Transport for New South Wales.
Full agenda will be announced soon.