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CPP Investments Selling Australian Toll Road Assets for $4.5 Billion
The deal lifts Transurban’s stakes in Westlink M7, NorthConnex and WestConnex and is expected to support long-term free cash growth.
- On Thursday, Oct. 1, 2026, Transurban announced a deal to acquire Canada Pension Plan Investment Board's stakes in three Sydney toll roads—Westlink M7, NorthConnex, and WestConnex—for about $4.5 billion.
- The acquisition allows Transurban to increase its ownership in NorthWestern Roads Group to 75 per cent and Sydney Transport Partners to 60.5 per cent, securing predictable, inflation-linked revenue growth.
- Transurban CEO Michelle Jablko said the assets "will play an important role in supporting Sydney's growth for decades to come." The company will fund the deal using new committed debt facilities, requiring no equity raising.
- Completion of the transaction is subject to regulatory approvals, including from the Australian Competition and Consumer Commission. The deal will not change daily experiences for NSW motorists or toll costs.
- Transurban anticipates closing the deal in 2027, extending its weighted average concession life with assets running as long as 2060. This aligns with the firm's disciplined capital allocation strategy in Australia and North America.
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The Toronto Star+5 Reposted by 5 other sources
CPP Investments selling Australian toll road assets for $4.5 billion
TORONTO - Canada Pension Plan Investment Board has signed a deal to sell its Australian toll road assets to Transurban for a total of about $4.5 billion.
·Toronto, Canada
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Transurban to buy $4.5 billion of Sydney toll-road stakes from CPP Investments
Investing.com -- Transurban (ASX:TCL) on Thursday agreed to acquire additional stakes in two major Sydney toll-road assets from Canada Pension Plan Investment Board for about A$4.5 billion ($3.13 billion), increasing its ownership of Westlink M7, NorthConnex and WestConnex. The transaction will…
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Total News Sources11
Leaning Left3Leaning Right2Center4Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 33%
C 45%
R 22%
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