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Transurban-led consortium to acquire the remaining 49% stake in WestConnex from NSW Government for $8.1bn.

Synopsis

Transurban-led consortium, including CPDQ, AustralianSuper and Tawreed Investments, agreed to acquire the remaining 49% stake in WestConnex, a road infrastructure project, from the Government of New South Wales, for $8.1bn. "WestConnex plays a critical role for Sydney residents, offering faster, safer and more efficient routes around Sydney. As a longstanding infrastructure investor in Australia, CDPQ is thrilled to join forces with Transurban and Sydney Transport Partners in acquiring a stake in WestConnex, an investment which aligns with our strategy targeting high-quality infrastructure alongside partners with extensive market knowledge and operational expertise," Emmanuel Jaclot, CDPQ Executive Vice-President and Head of Infrastructure.

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