WestConnex Sales Process Expected to Start This Month

The Australian reports that within two weeks, “the early stages of the sales process for WestConnex,” the US$12.6 billion tollway and tunnel project in Sydney, are expected to start “with a market-sounding exercise to be conducted with interested parties. A deadline of October has been pencilled in for parties to lodge expressions of interest. The understanding is that bidders will have an opportunity to put forward proposals to buy anywhere between 51 per cent and 100 per cent of Sydney Motorway Corporation,” the government company responsible for the project.