The New South Wales government will shortly hold talks with investors and banks for the Western Harbour Tunnel project, according to market sources.
Transport for NSW will update industry on its project priorities at a briefing tomorrow (29 October), according to three sources familiar.
Western Harbour Tunnel is the next major road project in Sydney that may require private finance. It involves a second, 6.5km road tunnel under Sydney Harbour, connecting the giant WestConnex project at the Rozelle Interchange to the North Shore. It will connect with the proposed 16km Beaches Link, a tunnel extending to the Northern Beaches. The project cost is expected to be around AUD 15bn (USD 10.2bn).
Since December 2018, the state’s advisers have been working on a study looking at the procurement, financing and funding options for WHT.
Minister for Transport and Infrastructure Andrew Constance mentioned the industry briefing at a speech to a Committee for Economic Development of Australia lunch today (28 October). He also said the AUD 20bn-plus Sydney Metro West was the “project of the decade” and reiterated a call for the federal government to contribute to the project.