Opened to traffic in mid-2020, the $4 billion WestConnex Stage 2, or the New M5, provides an alternative route between the M5 Motorway and St Peters, reducing congestion on the M5 East, saving travel time for motorists and providing the ability for future efficient motorway-standard connections with WestConnex M4-M5 Link, the airport, Port Botany, as well as the potential Southern Connector.
The New M5 tunnels have more than doubled the capacity of the M5 East corridor, improving travel times and reliability for the 100,000 motorists that use this key route every day.
Key features of the new M5 include:
Our Advisor led the transaction service provider team that procured the D&C contractor for the New M5. The transaction team was responsible for:
Our Advisors were requested by WestConnex Delivery Authority (now SMC) to design, deliver and lead the procurement phase for the M4 East to ensure extremely tight deadlines could be met.
Ultimately for the M4 East, a 15-month time saving was achieved for D&C contract award when compared with conventional procurement methods.
The transaction team (led by our Advisor) coordinated inputs from the project team including from the technical advisors (i.e. SWTC) and legal advisors (i.e. D&C Deed). For the New M5, our Advisor managed the transaction process using principles developed as part of the ‘Accelerated Procurement’ delivery strategy he assisted in deploying for NorthConnex.
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