Saturday, May 15

Transurban submits bid for WestConnex

Toll road giant Transurban has bid for the 51 per cent of the new WestConnex motorway being sold by the NSW government.

The ASX-listed company says it is confident of securing all regulatory approvals and that it has been in talks with the competition watchdog, which in May raised concerns that Transurban’s dominance in NSW could stymie competition in the sector.

The NSW government said last week it was pushing ahead with its timeline for the sale of WestConnex despite the ACCC declaring it needed more time to assess the proposed privatisation.

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