It expects the NSW government’s $10 billion-plus auction of the road to be finalised by October.
“I can also confirm the [Australian Competition and Consumer Commission] has advised they will not oppose STP’s acquisition of the remaining interest in WestConnex in the case we are successful,” Ms Huey said during an investor update webcast. The NSW government’s formal sale process for WestConnex will commence shortly following an expression of interest process, with the state auctioning off the remaining stake in two 24.5 per cent tranches. The Transurban consortium has a “right of first offer” over the remainder of the road under the terms of the 2018 acquisition.
“We’re currently the operator, which is great for us... but obviously we’d be keen to see if we can create the value that the government needs,” he said.