NorthConnex is a nine-kilometre tolled motorway tunnel between the M1 Pacific motorway at Wahroonga and the M2 Hills motorway at West Pennant Hills. Major construction work commenced in February 2015 and the tunnel is expected to open to traffic in late 2019. In March 2012, the M7 shareholders (also referred to as the proponents) submitted an unsolicited proposal for NorthConnex to the NSW Government. The proponents, led by Transurban, include the Queensland Investment Corporation and the Canada Pension Plan Investment Board. A steering committee, with representatives from the Department of Premier and Cabinet, NSW Treasury, Infrastructure NSW, Transport for NSW and Roads and Maritime Services, as well as an independent member, assessed the proposal in accordance with the ‘Unsolicited Proposals - Guide for Submission and Assessment’ (the Unsolicited Proposals Guide). The Unsolicited Proposals Guide sets out a three-stage assessment process: 1. Initial Submission and Strategic Assessment; 2. Detailed proposal; 3. Negotiation of final binding offer. As this was a Public Private Partnership (PPP) proposal, the steering committee also assessed the proposal against the National and NSW PPP Guidelines. This audit assessed whether the process used to determine the NorthConnex funding model adequately considered value for money for taxpayers and road users. In making this assessment, we answered the following questions: 1. How did the assessment of the NorthConnex funding model ensure value for money for NSW taxpayers? 2. Did the assessment adequately consider the overall impact of tolling arrangements to road users and the community?


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  • Pagination: 27p

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Filing Info

  • Accession Number: 01641696
  • Record Type: Publication
  • Source Agency: ARRB
  • Files: ATRI
  • Created Date: Jul 25 2017 9:44AM