New South Wales Rethinks Divestiture Terms as WestConnex Auction Approaches

The Australian  reports, “The next few weeks will be critical for prospective bidders for the WestConnex motorway network. . . . The widely held view around the market has been that about half of Sydney Motorways, which will own all three stages of WestConnex, will be divested. But now it is thought that perhaps it could be as much as 100 per cent. Another a point of contention is whether the tagging component of the new project for the toll roads will be considered in the offering.”