Sydney Motorway Corporation

Sydney Motorway Corporation is a private company limited by shares and established by the NSW Government in August 2014 under the Corporations Act 2001 (Cth) on behalf of the State.

Sydney Motorway Corporation is governed by a majority independent Board.

Roads and Maritime Services commissioned Sydney Motorway Corporation to deliver and finance WestConnex, and retains a key assurance role on behalf of the NSW Government.

On 31 August 2018, the NSW Government announced a 51 per cent stake in Sydney Motorway Corporation was awarded to Sydney Transport Partners a consortium led by Transurban. The NSW Government will retain a 49 per cent residual stake in SMC.

Organisations delivering WestConnex 

Sydney Motorway Corporation (SMC) is responsible for financing and delivering WestConnex. Full audited accounts are available in the SMC Directors' Report and Financial Statement.

Roads and Maritime Services commissioned SMC to deliver and finance the motorway on behalf of the NSW Government.

We are working closely together and with our industry partners to successfully deliver the project, on time and on budget.

Sydney Motorway Corporation (and its subsidiaries) Roads and Maritime Services 
Project manage the delivery of WestConnex Act on behalf of the Government, as the client and commissioning agency
Procure and manage contracts for the design, construction and operation of WestConnex Manage concession arrangements on behalf of NSW Government 
Finance WestConnex, including securing limited-recourse debt Carry-out project development work for future WestConnex and other motorway projects 
Support Roads and Maritime Services to deliver communication and stakeholder engagement activities and services including Ministerial liaison during planning, construction and operationAct as proponent for planning approvals and project communications on behalf of the NSW Government
Prepare planning approval documents Acquire the property needed to build and operate WestConnex
-Maintain responsibility for tolling policy (with Transport for NSW)
-Provide advice and leadership on environmental policy and regulation 
 

Project governance

WestConnex comprises six individual projects each of which has been subject to an independent gateway assurance review process by Infrastructure NSW which then provided its recommendations to the NSW Government for consideration prior to granting approval to proceed.

The Strategic Business Case for the WestConnex program of work was prepared and assessed in 2013. An Executive Summary of the Business Case was publicly released at that time.

An Updated Strategic Business Case was published in November 2015, and was subject to an externally managed Business Case Gateway Review, as part of the Infrastructure Investor Assurance Framework.