Westconnex delivery authority established
Thursday 31 October 2013
Westconnex delivery authority established
NSW Roads and Ports Minister Duncan Gay today announced the creation of the WestConnex Delivery Authority (WDA) to manage Australia’s largest infrastructure project.
In an important milestone for WestConnex, the WDA will oversee the construction, financing and management of the $11-$11.5 billion motorway, under the authority of its own Board of Directors, which will report directly into the Minister for Roads.
WDA’s Chairman, Tony Shepherd heads a highly impressive board with extensive infrastructure and public private partnership experience, including Peter Brecht, Rod Pearse, Robert Hamilton, Peter Regan, Peter Duncan and David Stewart.
“WestConnex’s Board offers market leading construction, finance and engineering capabilities that reflect the innovative way the motorway is being built and financed,” Minister Gay said.
“As Chairman of the Business Council of Australia, and as a former Director of Transfield, Tony Shepherd’s appointment is a coup for NSW.
“Tony Shepherd is one of Australia’s outstanding business figures with a long track record of achievement within the infrastructure industry, including the Sydney Harbour Tunnel and Melbourne City Link.”
Speaking at an industry briefing at Bicentennial Park for 500 global road construction and funding experts, Minister Gay also released indicative tolling for each stage of WestConnex.
While exact tolling details are unlikely to be confirmed until construction starts, WestConnex Stage 1 will have an indicative average toll of $3.70, Stage 2 will have an average toll of $2.70, while the average Stage 3 toll is expected to be $3.00, making them amongst the cheapest tolls in Sydney.
Tolling will be distance based and capped, like Westlink M7, ensuring long-distance travellers are not penalised. Motorists will incur a minimum charge.
“The NSW and Australian Governments are providing $3.3 billion in funding for the $11-$11.5 billion project, with the remainder to be financed by tolls,” Minister Gay said.
“WestConnex will revolutionise the way Sydneysiders travel about our great city, cutting 40 minutes off a typical journey from Parramatta to the airport, and bypassing up to 52 sets of traffic lights.
“Taking 3,000 trucks a day off Parramatta Road, and putting them in underground tunnels, will allow the Parramatta Road corridor to come alive with new housing, restaurants and community facilities.
“Ten kilometres of bus lanes will be created on Parramatta Road, almost halving travel times from the inner-west to the city.
“Ten thousand jobs will be created during the construction phase, including hundreds of apprenticeships for young people,” Minister Gay said.
Indicative average tolls
|Westconnex Stage||Indicative average toll ($2013 incl. GST)||Indicative min/max toll ($2013 incl GST)|
|Stage 1 – M4 Widening & M4 East||$3.70||Refer below|
|M4 Widening (Church St to Homebush Bay Drive)||$3.00||Min: $1.50 Max: $3.90|
|M4 East (Homebush Bay Dr to Parramatta Road and City West Link)||$2.40||Min: $2.00 Max: $3.60|
|Stage 2 – M5 East Airport Link (Beverly Hills to St Peters)||$2.70||Min: $1.70 Max: $4.80|
|Stage 3 – M4 South (Haberfield to St Peters)||$3.00||Min: $1.80 Max: $4.10|
|WestConnex average toll||$4.50||Min: $1.50 Max:$7.35 (capped)|
Motorway toll comparison
|Motorway toll comparison||Average toll ($ 2013)||Length of motorway|
|Hills M2 (Main Plaza)||$4.95||21km|
|Cross City Tunnel||$4.87||2.1km|
|Westlink M7||$4.67||40km (but capped at 20km)|
|WestConnex in total||$4.50||33km (but capped at about 16km)|
|M5 South West||$4.40||22km|
|Lane Cove Tunnel||$3.00||3.6km|
Tony Shepherd AO is President of the Business Council of Australia, inaugural Chairman of Sydney’s newest AFL Club, the Greater Western Sydney Giants, Deputy Chairman of the Sydney Cricket Ground Trust, a Director of Virgin Australia International Airlines Pty. Ltd., a Director of the Migration Council of Australia, and an advisor to the Bank of Tokyo-Mitsubishi UFJ, Ltd. He is also Chair of the Australian Government’s Commission of Audit.Mr Shepherd has a long track record in infrastructure, including the $2 billion Melbourne City Link Project and the listing of Transurban Limited; the $650 million Walsh Bay Urban Development; Collinsville and Townsville Power Stations; Brisbane Airport Rail Link; Yarra Trams and the acquisition of ADI. He was an inaugural Director of Transurban Limited.
Peter Brecht has most recently served as an independent member of the WestConnex Steering Committee. He is President of the Australian Constructors Association (ACA) and was previously Managing Director – Construction Australia for Lend Lease, Managing Director of AbiGroup Limited, a Board member of the University of Newcastle Foundation, Board member of the Engineering and Built Environment Advisory Board at Newcastle University and Member of the CEO Forum at the Queensland University of Technology School of Business. He has a Bachelor of Engineering from Newcastle University.
Rod Pearse OAM is Chairman of Fife Capital Funds, and a Board Member for Infrastructure NSW. He has previously served as a Member of the COAG Reform Council Expert Panel on Cities and as a member of the Wollongong SMART Infrastructure Advisory Board. Mr Pearse is a former Managing Director of Boral Construction Materials Group who also worked for Shell and CSR. A former Vietnam War veteran, Mr Pearse holds a MBA from Harvard University and a Bachelor of Commerce (Hons) from the University of NSW.
Robert Hamilton has most recently served as an independent member of the WestConnex Steering Committee. He is a Director of Urban Growth NSW, and has 50 years experience in the property sector. Robert co-founded the Mirvac Group in 1972, before retiring as its Managing Director in 2005 when the company had a market capitalisation of $3.5 billion.
David Stewart is the incoming Director-General of Transport for NSW. He previously served as Executive Director of Projects Queensland. Mr Stewart led the development of many of Queensland's major transport projects (including Public Private Partnerships), and facilitated major infrastructure for state development and delivered a significant government capital works program. Formerly Director-General of the Queensland Department of Transport and Main Roads, Mr Stewart has been recognised by Engineers Australia as one of the country's most influential engineers and was awarded a fellowship by the Transport and Logistics Institute.
Peter Duncan AM is Chief Executive of Roads & Maritime Services in NSW. He has a background in Infrastructure, Transport Planning and Management, Commercial Management, Leisure and Event Management and Natural Resources. Previously, Peter led the Department of Services, Technology and Administration, Forests NSW (a Public Trading Enterprise), and Centennial Parklands (a Government Trust). Since 1995 he has held the roles of Director General, Department of Services, Technology and Administration; Deputy Director General, Government Coordination, Department of Premier & Cabinet; Managing Director, Forests NSW; Chief Executive, Centennial Park and Moore Park Trust; and Director, Estate Management at Olympic Coordination Authority.
Peter chaired the Sydney Motorways Steering Committee that developed the WestConnex Business Case for Government consideration and approval.
Peter Regan is Executive Director, Head of Infrastructure Finance at NSW Treasury. He is responsible for major infrastructure financing and Public Private Partnerships across NSW Government. He is a member of various cross-agency boards and steering committees with responsibility for procuring major infrastructure, including the F3/M2 Motorway, North West Rail Link, Sydney Light Rail, Northern Beaches Hospital and the Sydney International Convention, Entertainment and Exhibition Precinct PPP. He has developed and implemented the financial restructuring of the Waratah Train PPP, and led negotiations for the Government’s acquisition of Metro Transport Sydney, owner of the Sydney Light Rail and Monorail. Peter has previously served as Vice President, Project and Infrastructure Finance for Deutsche Bank AG in London and before that in corporate finance with Price Waterhouse Coopers. He holds a Bachelor Commerce from the University of NSW and is a Chartered Accountant.
MEDIA: Lance Northey 0467 743 192 or Marie Scoutas 0467 739 976
View the original media release (PDF).