IPFA Australia: Sydney: The WestConnex Transaction
In September 2018, the NSW Government completed the highly anticipated sale of a 51% interest in the WestConnex motorway to a consortium comprising Transurban Group, AustralianSuper, CPPIB and Tawreed Investments. This marked a key milestone in a novel and ambitious approach to government-led infrastructure finance, first announced by Infrastructure NSW in 2012, and the development of Sydney Motorway Corporation. In line with the State's highly successful asset recycling program, proceeds from the transaction will be reinvested into the construction of the third stage of WestConnex, the M4-M5 Link. In addition, proceeds will allow the Government to inject billions more towards future infrastructure projects like new schools and hospitals.
Attendees will hear how the NSW Government was able to bring the combined asset to market and achieve an outcome widely heralded by the market while navigating issues such as the complexity and scale of the assets, access to traffic data and regulatory hurdles presented by FIRB, the ATO and the ACCC.
16.00 Registration
16:30 Welcome and Introduction
John Greig, Partner, Allens
16.35 Keynote 1
Alex Wendler, Executive Director, Placemaking and Real Estate, Transport for NSW
16.55 Keynote 2
Jacqui Christie, Director, Commercial Transactions, NSW Treasury
17.15 Panel Discussion
Moderated by: Greig John, Partner, Allens
Jacqui Christie, Director, Commercial Transactions, NSW Treasury
Raymond Golzar, GM Corporate Development, Transurban NSW Development
Alex Wendler, Executive Director, Placemaking and Real Estate, Transport for NSW
17.45 Closing remarks
John Greig, Partner, Allens
17.55 IPFA Update
Daisy Brooker, CEO, IPFA
Ian Greer, Australia Branch Council Chair, IPFA
18:00 Networking drinks reception kindly hosted by Allens