M2 Motorway
Project Name:
M2 Motorway
Client Agency:
Roads and Traffic Authority of NSW (RTA)
Project Description:
The M2 motorway, originally known as the ‘North West Transport Link’, is a 21 km road link, generally of four lanes, between Epping Road and the Lane Cove Tunnel in North Ryde and Old Windsor Road and the Westlink M7 motorway in Baulkham Hills. There is a two-lane busway between the motorway’s general traffic lanes along an 8 km section between Beecroft Road in Epping and Windsor Road in Baulkham Hills.
The project has been funded, designed and built by the private sector. The RTA contributed $232.6 million to the cost mainly to acquire land for the M2 motorway.
For further information on the project, refer to the RTA website
Private Sector Partners:
The Hills Motorway consortium (Abigroup, Obayashi Corporation, Scetauroute, Westpac, Macquarie Corporate Finance, Banque Paribas, Long Term Credit Bank of Japan and Gutteridge Haskins & Davey).
Project Details:
Contract value
$644 million (Estimated Capital Cost at the time of the contract award)
Contract duration
26-Aug-1994 to 26-May-2042 (under the M2 Upgrade arrangements this will be extended to 26-May-2046)
Operation began
26-May-1997 (7 months ahead of schedule)
Project Variations:
1994-2010
Series of amending and/or additional contractual arrangements such as refinancing of the project’s debts, advertising on the motorway, the effect on tolls of the introduction of the GST, electronic tolling, the change in ownership of the trust established by the Hills Motorway Group, the acquisition of some Hills Motorway entities by Transurban, the conversion of westbound portion of the motorway between Lane Cove Road and Beecroft Road from two to three road lanes.
2010-2013
The Upgrade Project Deed took effect on 18-Nov-2010 according to which Hills Motorway designs, constructs, completes and commissions specified M2 upgrade works in four stages, with Stage 1 being expected to be completed by 18-Mar-2012 and Stage 4 by 18-May-2013. The private sector funds the works of the estimated capital cost of $546 million and receives a future extension of the maximum concession term by four years upon the works completion.
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