Original article by Andrew Clennell
The Australian – Page: 1 & 4 : 5-Oct-17
The New South Wales Government has revealed plans for further asset sales ahead of the state election in 2019. It expects to gain about $A5bn from the sale of a 51 per cent stake in the WestConnex motorway, with the proceeds to be reinvested in development of the M4-M5 link project. The Government may consider divesting its remaining stake in WestConnex in the future. It also anticipates raising at least $A5bn from selling its 58 per cent stake in Snowy Hydro to the Federal Government.
NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, NEW SOUTH WALES. THE TREASURY, WESTCONNEX, SNOWY HYDRO LIMITED, AUSTRALIAN LABOR PARTY, NATIONAL PARTY OF AUSTRALIA, NEW SOUTH WALES. LAND AND PROPERTY INFORMATION SERVICE, AUSTRALIA. DEPT OF THE TREASURY, TRANSURBAN GROUP LIMITED – ASX TCL, VICTORIA. DEPT OF TREASURY AND FINANCE