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Transurban-led consortium wins stake in Sydney's key WestConnex toll-road project

( September 3, 2018, 04:38 GMT | Official Statement) -- MLex Summary: A consortium led by Australian infrastructure company Transurban has been awarded a 51 percent state in Sydney Motorway Corp as part of Sydney's WestConnex toll-road project. In a statement today, the government of New South Wales, the state of which Sydney is the capital, said the Sydney Transport Partners would pay A$9.26 billion ($6.66 billion) for the stake. Announcing the deal, New South Wales Treasurer Dominic Perrottet said the project would enable commuters to drive from the west and south west of Sydney with increased ease. The deal has now been cleared by both the Foreign Investment Review Board and the Australian Competition & Consumer Commission.The New South Wales government's statement follows:...

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