MB has frequently questioned the efficacy of Sydney’s WestConnex toll road and tunnel project – the $16.8 billion 33 kilometre motorway under construction that is more expensive per kilometre than the Chanel Tunnel.
This hideously expensive project will see existing free public roads like the state-owned M4 (that have already been paid off) being tolled to help fund the project, with tolls to rise by 4% a year until 2038, with tolls to continue to rise at the rate of inflation for another 20 years. Moreover, the M5 toll to Sydney’s south-west was due to be abolished, but has now been extended to 2060.
So basically, WestConnex’s new 51% owner, Transurban, which already has a monopoly over Sydney’s toll road network, will make like bandits, while Sydneysiders are gouged.
