Westpac continues its leadership in Public Private Partnerships (PPP) financing for Victoria with the announcement of the North East Link Project.
The $11.1b North East Link PPP is considered to be the largest availability-based PPP ever closed in the Australian market. The North East Link will be a prominent infrastructure asset, providing the ‘missing link’ in greater Melbourne’s road network and enabling many thousands of jobs during construction.
Anthony Miller, Chief Executive Westpac Institutional Bank said: “Westpac is proud to be partnering with The Spark Consortium on the North East Link Project, which will be a prominent infrastructure asset for Victoria.”
“The project will deliver Victoria’s longest road tunnels, create up to 10,000 jobs and take thousands of trucks off local roads, by building the missing link in Melbourne’s critical freeway network.
“Westpac is a leading financier to major transport PPP projects in Victoria. In the past 5 years, Westpac has partnered with the Government and private sector to deliver more than $22 billion of new and improved public infrastructure for the people of greater Melbourne,” Mr Miller said.
