Westconnex

Westconnex

WestConnex is a 33-kilometre (underground motorway scheme currently under construction in Sydney, Australia. A joint project of the New South Wales and Australian governments, this project would help in encompassing, widening and extension of important motorways in the area. To help fund the project, tollways would be constructed for a long period of time. The first phase has been completed in 2017. The remaining stages would be completed by 2033.
One notable feature of the project is capital recycling, where government equity is sold partway through the project and proceeds are used to fund subsequent phases. In WestConnex, the capital invested would be raised back at the end of the third phase. “At US$10.7 billion, this is Australia’s largest infrastructure project, linking western and south-western Sydney with the city, airport and port through a 33 kilometer continuous motorway. WestConnex is expected to ease‑congestion, cut travel times and create jobs across the area” (KPMG).

(Image Credits: The Telegraph)