The government will now work with Transurban to develop a more detailed proposal for the possible F3 to M2 link underneath Pennant Hills Road.
鈥淟et me make it clear this proposal is in its very early stages,鈥� said roads minister Duncan Gay. 鈥淏ut it is encouraging that the private sector is interested in investing in Sydney鈥檚 motorways and has come to government with a proposal.
鈥淎s part of the normal process for unsolicited private sector proposals, we have set up a cross-agency assessment committee to investigate its merits.鈥�
There are potentially three stages to the assessment, including strategic assessment of the initial submission, development of a detailed proposal and negotiation of a final binding offer.
鈥淔ollowing the initial consideration of the proposal, it has been decided to progress to Stage 2,鈥� said Gay. 鈥淚n the next six months the committee will work with Transurban to complete Stage 2 of the assessment. This requires the proponent and government to work cooperatively in the development and assessment of a detailed proposal, from which it can be determined whether the parties want to proceed to negotiate a final binding offer.鈥�
At this stage, there is no guarantee or commitment from either government or Transurban that it will lead to delivery of a project. 鈥淲e need to be assured any proposal like this offers not only value for money for NSW taxpayers but that it also meets the NSW government鈥檚 long term transport objectives,鈥� said Gay.
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