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Back to SearchGHD Advisory provided technical due diligence on the majority sale of the Sydney Motorway Corporation
Announced in August 2018, the sale of 51 percent of Sydney Motorway Corporation is one of the biggest infrastructure transactions in Australian history.
The transaction includes WestConnex, a 33 km, predominantly underground tolled motorway that will allow motorists to bypass the Sydney central business district.
GHD Advisory was contracted by the New South Wales Treasury to undertake technical vendor due diligence on the sale of the majority Sydney Motorway Corporation (SMC) stake. Our team reviewed and assessed risks related to geology and geotechnics, roadway and traffic engineering, traffic management, tunnels, ventilation, fire and life safety, durability, structures, electrical, lighting and electronic tolling systems, noise and lifecycle costing.
The sale to the Sydney Transport Partners consortium, led by listed toll road company Transurban, has generated more than AUD 9 billion for the NSW Treasury that will be reinvested in infrastructure development in the state.
“This flagship project involved a huge effort from our people across five offices in 12 disciplines. While led by GHD Advisory, it was truly a ‘One GHD’ project,” explains Tim Mawhood, Project Manager for the transaction (Leader Infrastructure Investment and Economics UK)
This transaction was highly complex because it contained both brownfield and greenfield elements and included one of the world’s most complex underground tunnelling projects.
“This project reinforces GHD Advisory’s reputation as a technical leader in complex asset transactions as we help vendors or purchasers identify risks and opportunities,” Tim adds.