Corporate Report for the year ended 30 June 2022
Introduction and overview
Business performance
Governance and risk
Directors’ report
Remuneration report
Financial statements
Sustainability supplement
Security holder information
Progressing transport agendas
The then Prime Minister Scott Morrison joined NSW Premier Dominic Perrottet on site at WestConnex in November 2021 to thank workers and celebrate the project’s final tunnel breakthrough. Construction of the remainder of WestConnex is largely completed, with remaining work continuing on the M4–M5 Link (delivered by Transurban) and the associated Rozelle Interchange (delivered by Transport for NSW). At the peak of construction in mid-2021, female participation on the WestConnex M4–M5 Link Tunnels project was at 21%― almost double the national average of 12% for females working in the construction industry. 1 This project is a key component of the NSW Government’s integrated transport plan to ease congestion and connect communities in Sydney. In Victoria, tunnelling began on the West Gate Tunnel Project in early 2022, after Transurban, the Victorian Government and the D&C subcontractor reached an agreement on revised project delivery terms (see B2 on page 128 for more information). Around 30% of the twin tunnels have been excavated, and above the ground, more than 700 metres of new elevated road has been installed above Footscray Road and widening works along the West Gate Freeway are more than 70% complete.
Congestion relief and increasing transport options are two of the ways we support governments to achieve their goals for more efficient transport networks.
Transurban continues to work with governments to understand where we can contribute. This includes major projects, such as M7–M12 integration and delivery to support the growth of Western Sydney, as well as initiatives using data and smart motorway technologies to make our existing roads more efficient. In the US, we are working with the Virginia and Maryland governments to rebuild the ageing American Legion Bridge and better connect communities, support economic growth and provide safer and more efficient travel across a growing region. In Canada, we shared our expertise in the Mobility Forum organised by local mayors in Quebec. The forum gathered stakeholders from the transport industry to discuss existing congestion issues, economic impacts and potential solutions to increase mobility in the region.
In Australia, FY22 saw Transurban—as part of the Sydney Transport Partners consortium—successfully awarded the remaining 49% ownership of WestConnex, Australia’s largest single road infrastructure project. Read more on page 66. Transurban has managed WestConnex since 2018, including operating the M4 and M8 and taking over operations of the M5 East. The WestConnex network continues to transform travel across Sydney. One in five Australians call Sydney home, and 40% of Sydney’s population is expected to live within five kilometres of WestConnex in 2031. WestConnex draws vehicles from across the city by providing a critical connection between Sydney’s west and south-west and the central city, as well as a corridor to the airport and port. With close to 47 million trips taken on WestConnex in FY22, drivers are enjoying significantly improved travel times, journey reliability, safety and connectivity.
“WestConnex is a game changer for our city and state” NSW Premier Dominic Perrottet
NSW Premier Dominic Perrottet and NSW Minister for Metropolitan Roads Natalie Ward, with WestConnex Project Director Terry Chapman at the project site
1 M4–M5 Link Sustainability Review, February 2022
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