Transurban pays $11b for Sydney toll road

A Transurban joint venture has paid more than $11 billion for the NSW government’s 49 per cent stake in Sydney toll road WestConnex.

© Mick Tsikas/AAP PHOTOS Transurban has paid $11.1 billion for the NSW government’s stake in Sydney toll road, WestConnex.

The company on Monday revealed its Sydney Transport Partners joint venture has taken full ownership of the 70km network of roads, tunnels and bridges.

Transurban is selling $4.22 billion in securities to help fund the purchase.

The others involved in the joint venture are AustralianSuper, Caisse de depot et placement du Quebec, Canada Pension Plan and Tawreed Investments.

Transurban securities were paused from trading on the ASX. They last swapped for $14.18.

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