... WestConnex tunnels nearing completion. Tolling on the existing M4 (widened section between Parramatta and Homebush) began in August 2017.Once tolling on a section starts, the charge will consist of a For each elapsed year between 2012 and 2040, the toll will increase by 4% or by CPI, whichever is higher. WestConnex M4-M5 Link: Addendum State significant infrastructure application report September 2016 - Secretary’s Environmental Assessment Requirements - M4-M5 Link State Significant Infrastructure Application Report; Every effort is made to keep this list up to date. Although a surface corridor had been reserved for much of the route, the government of The M4 South component would provide the first step towards an Focused as it was on journeys to and from the international gateways at Botany Bay, the scheme did not include a direct connection to the CBD.

In addition, WestConnex is delivering and planting more than 1 million trees and plantsThe project is creating more than 10,000 jobs – directly and indirectly.Construction on WestConnex started in 2015 and is due for completion in 2023.Transurban owns 25.5 per cent of this road project.© Copyright 2020 Transurban Limited. The Westlink M7 is a 40 kilometre road in Sydney linking the Hills M2, M4 and M5 South West. All other factors are estimated to have a worth of $1.65 billion.For the purpose of calculating benefits and costs of the scheme, tolling is considered to be "a transfer payment from the user to operator", the benefit to the operator is considered to cancel out the disbenefit to the user, and as such, tolling has a "neutral effect on overall benefits and costs".WestConnex has also received support from multiple third party organisations, such as the motoring lobby group the Elements of the WestConnex scheme encountered strident opposition from a range of stakeholders, among them academics, architects, resident action groups,The Lord Mayor's report, released a month before the In response to Hehir's recommendations, the RMS only committed to addressing them for "future more complex stages", leaving the governance arrangements for the current stages unaltered.The methods by which the project's value, its cost and benefits as well as the fairness of their distribution have all been challenged.The project has been criticised for its potential impact on the After the WestConnex Authority was closed in October 2015, the project's transfer to the Sydney Motorway Corporation was criticised on the basis that this there were then no representatives from transport agencies on the board of the new "private corporation" and also that information about the project would no longer need to be disclosed in the same way that government entities normally did.Funding uses a combination of government subsidy, tolls on new tunnel sections, and tolls on some existing motorways (M4, M5 East and M5 South-West).The Government's tolling strategy is based on distance-based charging. The WestConnex Information Line is staffed 24 hours a day, 7 days a week, for general enquiries, construction matters and feedback. Road widening and other upgrade works were completed in December 2014.Transurban bought this road in June 2007. It is 100 per cent Transurban owned and is under concession until 2048.The Lane Cove Tunnel is a 3.6 kilometre twin tunnel serving Sydney's fast-growing north-west corridor.Part of Sydney’s orbital road network, the Lane Cove Tunnel connects with the Hills M2 motorway.This road was bought by Transurban in 2010. It has since increased its contribution to $3.6 billion, of which $1.8 billion is from the 'Restart NSW' infrastructure fund and $1.8 billion is from the State's By the end of State 3, the project is expected to be carrying $8.2 billion of debt.When first proposed in 2012, the WestConnex was to cost approximately $10 billion.The $16.8 billion figure originally including $800 million for the Airport Gateway.The $16.8 billion figure does not include "land acquisition, network extensions, and development costs",Land acquisition costs are known to be at least $1.5 billion.Leaked documents show that contractors have lodged over $1 billion in claims for variations to contracts.According to a report commissioned by the City of Sydney, once excluded factors are properly considered, the full cost of the project may be more than $45 billion.Under the original financing strategy the NSW was to retain ownership of WestConnex until 2025, so as to maximise the sales price.On 12 May 2017 the NSW Government announced its intention to sell at least 51% of In the period covered by this audit, the processes applied to WestConnex to provide independent assurance to [NSW] Government did not meet best practice standards.