CDPQ joins Sydney Transport Partners to acquire 49% interest in WestConnex
Caisse de dépôt et placement du Québec (CDPQ) has announced that it joins the Sydney Transport Partners (STP) consortium to acquire a stake in WestConnex. CDPQ will invest AUD2.3 billion (US$1.66 billion) in the Australian road infrastructure project.
STP has executed an agreement to acquire the remaining 49% equity stake in WestConnex from the NSW Government for AUD11.1 billion (US$8.04 billion). This transaction will take STP’s total ownership interest in WestConnex to 100%, with CDPQ owning a 10% stake in the WestConnex project.
WestConnex is a toll road project, which is expected to be completed by 2023. The road will be a 33-kilometer traffic-light free motorway network linking Sydney’s west to Sydney CBD, Sydney Airport, and Port Botany.
Country updates
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September 22, 2021
Sydney Transport Partners selected to acquire 49% stake in WestConnex
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