A Transurban (ASX:TCL) led consortium has today submitted a bid for a 51 per cent interest in the WestConnex assets that are currently for sale by the NSW Government.
Transurban’s bid is conditional on approvals from the ACCC and the Foreign Investment Review Board
Transurban says it will continue to work with both agencies to enable the Government to conclude it’s process as quickly as possible and achieve the best outcome for NSW taxpayers and road users.
The NSW government says it’s committed to securing the proceeds from the transaction to help complete the WestConnex Motorway.
Shares Transurban (ASX:TCL) are trading 0.58 per cent lower at $11.90