Sydney Motorway Corporation

Transcription

1 Annual Review 2016

2 Contents About us 3 Year in review 4 Message from the Chairman 6 Message from the Chief Executive Officer 8 Our people 10 Community, environment and sustainability 12 Our projects 15 Outlook 28 Community Information Centres 30 About Sydney Motorway Corporation At Sydney Motorway Corporation (SMC) we finance and deliver major infrastructure solutions to support Sydney s long-term economic and population growth. Our current focus is the WestConnex motorway, Australia s largest transport infrastructure project. SMC was established in August 2014 to invest in and arrange finance for designated road projects. In October 2015, WestConnex Delivery Authority s procurement and delivery functions were transferred to SMC. At the same time, a number of Government functions were transferred to Roads and Maritime Services. Today SMC is responsible for the financing, delivery, operation and maintenance of WestConnex. Roads and Maritime Services is our client, acting on behalf of the NSW Government to commission WestConnex. Sydney Motorway Corporation (SMC) is a private company limited by shares and established by the NSW Government in August 2014 under the Corporations Act 2001 (Cth) on behalf of the State. SMC is governed by a majority independent Board appointed by its joint shareholders, the NSW Treasurer and the NSW Minister for Roads, Maritime and Freight.

3 Sydney Motorway Corporation Annual Review Sydney Motorway Corporation Annual Review JULY 2016 MARCH 2016 WestConnex New The year in review highlights Department of Planning and Environment issued Secretary s Environmental Assessment Requirements for WestConnex M4-M5 Link MAY 2016 First of three roadheaders delivered to M4 East in readiness for first tunnelling site M5 approved under the Commonwealth Environmental Protection and Biodiversity Conservation Act 1999, the final planning approval required prior to construction JULY 2015 Work on WestConnex King Georges Road Interchange Upgrade commenced, marking the start of the New M5 project 18 months early AUGUST 2015 Work commenced at St Lukes Park, Concord, to build a new community hockey facility in preparation for construction of the WestConnex M4 East SEPTEMBER 2015 WestConnex M4 East Environmental Impact Statement released for public submissions JANUARY 2016 WestConnex M4-M5 Link State Significant Infrastructure Application Report lodged with NSW Department of Planning and Environment WestConnex M4 East construction commenced Alexandria Landfill clean-up completed - the site of the St Peters Interchange, part of WestConnex New M5 Around 4,000 square metres of artificial turf recycled from Cintra Park hockey field and donated to Westfields Sports High at Fairfield WestConnex New M5 construction commenced WestConnex M4 East tunnelling commenced marking commencement of the planning OCTOBER 2015 assessment process WestConnex Delivery Authority s procurement and delivery functions transferred to SMC Awarded contracts for projects with a total capital cost of nearly $9 billion NOVEMBER 2015 JUNE 2016 The first of more than 230 girders moulded for construction of a new two-lane viaduct as part the WestConnex M4 Widening project WestConnex Updated Strategic Business Case published FEBRUARY 2016 WestConnex M4 East State planning approval granted APRIL 2016 WestConnex New Furniture and bedding from an acquired motel in Ashfield donated to local charity, the Exodus Foundation WestConnex New M5 preferred design released and design and construction contract awarded Financial close for WestConnex New M5 $1.5 billion in private sector debt and a $2 billion Australian Government subordinated loan, the first of its kind WestConnex New M5 Environmental Impact Statement released for public submissions New, internationalstandard community hockey facilities at St Lukes Park, Concord, completed and handed over to Briars Hockey Club and Canada Bay Council M5 State planning approval granted WestConnex King Georges Road Interchange Upgrade construction reaches half-way point Historic sandstone pieces donated to National Parks for re-use in projects including those in the Blue Mountains

4 Sydney Motorway Corporation Annual Review Sydney Motorway Corporation Annual Review Message from the Chairman Peter Brecht Chairman We are now focused on effectively delivering this vital transport solution and providing travel time savings to hundreds of thousands of Sydney motorists daily. Over the past year Sydney Motorway Corporation (SMC) has undertaken significant growth and evolution as we ramp up the delivery of Australia's largest transport infrastructure project, WestConnex. We are now focused on effectively delivering this vital transport solution and providing travel time savings to hundreds of thousands of Sydney motorists daily. We are pleased to see construction underway on around 24 kilometres of WestConnex motorways including widening and extending the M4 motorway, addressing capacity at the King Georges Road Interchange and duplicating capacity along the M5 East corridor. These projects, together with the rollout of key public transport initiatives by the NSW Government, will help tackle the rising cost of congestion in our city, which without immediate action, is set to rise to $12.6 billion per year by This year also saw us achieve a number of major milestones. With the award of contracts for the $4.3 billion New M5 project, we have now awarded contracts for projects with a total capital cost of nearly $9 billion. WestConnex is forecast to create 10,000 jobs over the course of its delivery. The flow on benefits for the community and state economy are estimated at more than $20 billion. Our major industry partners are engaging hundreds of medium and small businesses across Sydney and the state to supply services and materials to build the new motorways. Of course, delivering these projects is not without disruption and we appreciate the support and understanding of local communities and motorists. Our commitment to ensuring WestConnex is delivered in a way that is sensitive to the needs of our stakeholders and communities is unwavering. We are confident that WestConnex will deliver a positive lasting legacy across the city. The safety of our employees, contractors and the community is of prime importance to the Board. We are pleased that SMC and its industry partners have delivered safety outcomes that far exceed industry averages this year. As a Board, we are unwavering in our support of the business to continue its excellent safety record as construction and tunnelling work on WestConnex ramps up in the coming years. Sydney Motorway Corporation has also been setting the benchmark in toll-road financing, reaching financial close on the New M5 this financial year. In addition, the WestConnex New M5 is Sydney s first toll road project involving patronage risk transfer with private sector debt without a Government guarantee in over 10 years. The private-sector appetite and interest in financing opportunities continues to be buoyant. We are confident the debt raising process for the M4 Widening and M4 East due to be finalised by the end of 2016, presents a compelling investment case for potential financiers. The year ahead will be another year of progress for SMC. On WestConnex, we expect to kick start major procurement on the M4-M5 Link and exhibit the Environmental Impact Statement. Tunnelling on the M4 East and New M5 projects will be well advanced and both the King Georges Road Interchange Upgrade and the M4 Widening will be opened to traffic. We have also established a dedicated outreach program to enhance community and sustainability outcomes throughout the WestConnex corridor. As part of our Community Connections Program and in support of our comprehensive engagement program, a series of new initiatives will be rolled out during FY2017. The Board would like to acknowledge the strong support of our shareholders in FY2016, and the leadership provided by Tony Shepherd in his time as our inaugural Chair. On behalf of the Board I congratulate Dennis Cliche and the executive for their leadership and commitment in delivering this critical infrastructure project on behalf of the NSW Government. Peter Brecht Chairman

5 Sydney Motorway Corporation Annual Review Sydney Motorway Corporation Annual Review Message from the Chief Executive Officer Dennis Cliche Chief Executive Officer The WestConnex team delivered its first community project in February 2016, with the completion of an international-standard hockey facility at St Lukes Park, Concord. Sydney Motorway Corporation continues to achieve strong results while progressively delivering Australia s largest transport infrastructure project, WestConnex. The delivery of WestConnex is key to addressing Sydney s future transport needs and is a vital element of the NSW Government s record investment in road, freight rail and public transport. When complete in 2023, WestConnex will provide 33 kilometres of trafficlight-free motorway connections to the key growth and employment hubs of western Sydney and the port, airport and CBD. It will also deliver more than $20 billion in economic benefits to NSW and help support the 5.5 million* people expected to call Sydney home by During the year, we made great progress on WestConnex, with construction ramping up on the M4 Widening. After financial year end, we reached some significant milestones with the commencement of tunnelling on the 6.5 kilometre extension of the M4, planning approval secured for the New M5 and the completion of the upgrade of the King Georges Road Interchange two months ahead of schedule. By the end of the 2016 calendar year, we will have three of these projects in construction with planning for the M4-M5 Link well underway. The WestConnex team also delivered its first community project in February 2016, with the completion of an international-standard hockey facility and amenities at St Lukes Park, Concord. The new sporting complex was built to replace the ageing Cintra Park facility which is being used as a temporary construction site for the M4 East. The New M5 also reached a number of major milestones including completion of clean-up work at the former Alexandria waste facility and receipt of State and Federal planning approvals. Major construction on the New M5 commenced in August this year. We are delivering ground-breaking engineering solutions across the project and recently released the early concept design for the Rozelle Interchange. The design includes up to 10 hectares of new green open space and a new 1.1 kilometre tunnel providing a direct connection to the Iron Cove Bridge. With a strong focus on improving urban outcomes, the project will deliver a new community precinct for Rozelle which will include new cycling and pedestrian paths, recreational space and improved access to public transport. In FY2016, SMC also progressed a comprehensive financing strategy for WestConnex, successfully raising $1.5 billion of senior private sector debt from domestic and international financers, in addition to a $2 billion subordinated loan from the Australian Government. Domestic and international interest was strong throughout this process, demonstrating the market s ongoing confidence in the project. We are currently preparing for the debt-raising process for both the M4 East and M4 Widening, which will raise external finance. SMC s commitment to the health and safety of our staff, contractors and community is of paramount importance and we have developed a range of systems to ensure all actions, decisions and behaviours make this our first priority. This year, SMC, its subsidiaries and nominated Principal Contractors achieved a Lost Time Injury Frequency Rate of 0.24 from a total of over 4.2 million total hours worked compared with the construction industry average of 7.2**. We are extremely proud of our safety performance and will strive to identify further efficiencies and improvements wherever possible. * NSW Department of Planning and Environment ** Serious Claims per million hours worked. Safe Work Australia The successful delivery of WestConnex would not be possible without the patience and understanding of local residents and businesses within the project corridor. We are committed to achieving positive outcomes for the local communities we are part of and to leaving a positive, lasting legacy. Unlocking western Sydney s motorway network has been a priority of policy makers for decades, but action to date has not adequately addressed the challenge. It is therefore particularly satisfying to see the progress WestConnex has made with an excellent safety record, thousands of jobs created and a growing understanding of the broad benefits for Greater Sydney and NSW. Safety and sustainability underpin every facet of how we deliver WestConnex and SMC is driven by the knowledge that this worldclass project is vital to the future economic prosperity of NSW. Every employee at SMC is proud to be a part of delivering Australia s largest transport infrastructure project and the role it will play in improving our economy and the lives of hundreds of thousands of road users. I would like to extend my sincere thanks to our employees and contractors who work tirelessly to ensure the delivery of our major projects and secure our reputation as one of Australia s leading infrastructure delivery organisations. Dennis Cliche Chief Executive Officer It is therefore particularly satisfying to see the progress WestConnex has made with an excellent safety record, thousands of jobs created and a growing understanding of the broad benefits for Greater Sydney and New South Wales.

6 Sydney Motorway Corporation Annual Review Our people As an organisation delivering more than $16 billion worth of state significant infrastructure, SMC is proud to provide a diverse and innovative workplace. We directly employee more than 100 people and more than 10,000 people will be directly or indirectly employed as a result of our current projects. We have strong community partnerships and working with our joint venture partners we have established the WestConnex Training Centre at Homebush. The centre will deliver training and upskilling to thousands of people across Greater Sydney. A legacy of job-ready and experienced tradespeople, apprentices and professionals will be created who can work across WestConnex projects. Our Community Connections Program provides opportunities for a range of long-term unemployed, disadvantaged youth, indigenous youth, local business people and community members to be actively involved in defining SMC s legacy for Greater Sydney. It also provides opportunities for our employees to actively participate in our partnership programs. Work Health and Safety At SMC all employees have the opportunity to contribute to a safe and positive workspace where actions, decisions and behaviours put the wellbeing and welfare of our people, our contractors and the community first and foremost. SMC strives to achieve and maintain a proactive and positive safety culture, characterised by: Collaboration with our people and our stakeholders Communication founded on mutual trust Shared understanding of the importance of Work Health and Safety (WHS) Confidence in the effectiveness of SMC s Work Health and Safety management systems. Managing WHS Our Work Health and Safety management system outlines how SMC manages its WHS risk and fulfils its WHS obligations. Staff training, toolbox talks, executive safety leadership forums, team safety discussions and ongoing safety campaigns enable employees to understand their individual roles and obligations under our WHS policy. WHS performance SMC uses a number of key performance indicators to understand and track safety performance. These statistics provide an overall view on health and safety performance, events and injury outcomes across SMC, its subsidiaries and contractors responsible for managing and executing work on the WestConnex project. This data assists us to better manage and continuously improve our WHS systems and safety culture. Number of employees (at 30 June 2016) Gender mix Employee Assistance Program On 30 June 2016, SMC had 100 full-time equivalent employees. This workforce is supplemented by contingent employees and specialist services. 59:41 (male:female) The Employee Assistance Program (EAP) is a free and confidential service available to SMC employees, contractors and their immediate families. The EAP provides professional and confidential coaching, counselling and wellbeing services and is available to all employees free of charge.

7 Sydney Motorway Corporation Annual Review Sydney Motorway Corporation Annual Review Community, environment and sustainability Principles of stakeholder and community engagement In working with our local communities and stakeholders, we will always endeavour to: Make the most of all opportunities to involve stakeholders and the community in the project Arrange engagement activities at times and places that are convenient for our stakeholders and provide online options Respond to reasonable requests from the community and stakeholders for additional engagement activities and information Acknowledge and understand diverse views on SMC s projects Use feedback to positively influence SMC s operations and projects. Community engagement on WestConnex Since project inception, SMC has: Distributed more than 972,000 community updates to homes and businesses throughout the WestConnex corridor Held more than 50 community information sessions for local residents to drop in and talk directly with the teams planning and building the motorway Held more than 500 briefings, with local councils, property owners and other key stakeholders. Community involvement Supporting local charity - the Exodus Foundation Sustainability is embedded in all that we do and we work hard to ensure we enhance environmental, social and economic outcomes now and in the future. In early June 2016, SMC and its contractors donated furniture and bedding from a motel acquired for the project to a local Ashfield charity, the Exodus Foundation. The Exodus Foundation has been helping disadvantaged and homeless people in the inner west for almost 30 years and the donation was delivered just in time for winter. Celebrating Sydney s heritage About 700 sandstone pieces, from a section of the Pyrmont Bridge will be reused and showcased throughout the State. The sandstone has been in long-term storage at a government-owned property, which will be needed as part of the St Peters Interchange. It was removed from the eastern end of the bridge when the Western Distributor was built in Many of these pieces are from the turn of the century and are distinctive in their design and architecture. They have been gifted to the National Parks and Wildlife Service and will be reused in projects in the Blue Mountains for future generations. Some other sandstone pieces are already being used in urban design projects in the Royal Botanic Gardens and Fig Lane Park at Ultimo. Environmental performance SMC is committed to sustainable environmental practices and responsible environmental management and practices that protect and enhance natural and built environments and prevent or reduce pollution, waste and damage to the environment. The company is committed to integrating environmental sustainability into its business activities and all phases of the WestConnex program of works. SMC has invested into projectspecific environmental expertise and management systems that advise, guide, monitor and report on the fulfilment of environmental obligations by our contractors and delivery teams. SMC and its contractors are delivering WestConnex in accordance with: The measures identified in the related Environmental Impact Statement and Submissions and Preferred Infrastructure Report Our key stakeholders and regulators include: The NSW Environment Protection Authority, which monitors compliance with the Environmental Protection Licences and regulates environmental performance Department of Planning and Environment, which monitors compliance with the conditions of project approval and mitigation measures agreed to during planning approval Commonwealth Department of the Environment, which regulates national environmental laws. The Conditions of Approvals set out by the Department of Planning and Environment and Minister for Planning The related project Environmental Protection Licences. We treasure donations like these, as they enable us to help the many people who are in the greatest need. We d like to thank Sydney Motorway Corporation and its contractor for the donation and assisting with the deliveryto our storage. facility. Reverend Bill Crews, Exodus Foundation Founder Reverend Bill Crews receiving donations on behalf of the Exodus Foundation from Sydney Motorway Corporation staff. One of the large sandstone pieces from the Pyrmont Bridge being transported for re-use in national parks projects.

8 Sydney Motorway Corporation Annual Review Protecting local heritage We are working with local councils and heritage experts to determine the best way to reuse important heritage items salvaged during the delivery of the WestConnex M4 East. This includes identifying ways to incorporate them into the urban design of the project. Items have also been made available to local residents. Heritage features, including terracotta roof tiles, timber front doors, leadlight windows and fireplaces have been removed by hand. These items have been securely stored in readiness for redistribution and reuse. Heritage salvage and supplementary items catalogue WestConnex M4 East The Heritage Salvage catalogue Reuse and recycle turf donation to local high school In May 2016, SMC donated the artificial turf that was once the playing surface at Cintra Park hockey field at Concord to Westfields Sports High School, Fairfield. The new playing surface has been repurposed on one of the school s mixed-use sporting fields. Sustainability In September 2015, SMC released a Sustainability Strategy for WestConnex, detailing measurable objectives for energy and resource use, sustainability leadership and training and employment opportunities. Our vision is for WestConnex to be a sustainable, high quality and transformational project for the people of Sydney and NSW. Exhibiting innovative design excellence, it will be sensitively integrated into the natural and built environment, help connect communities and contribute to the future liveability of Sydney. Delivering best practice The Infrastructure Sustainability Council of Australia (ISCA) is the peak industry body for evaluating and advancing sustainability in Australia s infrastructure. ISCA takes a holistic view of sustainability, encompassing environmental, social, economic and governance. ISCA developed and now administers the Infrastructure Sustainability Rating Scheme, the only comprehensive Australian rating system for evaluating sustainability across design, construction and operation of infrastructure. SMC aims to receive Excellent on the ISCA Rating Tool Scorecard on its WestConnex projects. Planning approvals for WestConnex Each WestConnex project is subject to a thorough environmental impact assessment under the Environmental Planning and Assessment Act, This process involves the preparation and public exhibition of an Environmental Impact Statement (EIS). Each EIS includes information on the project design, air quality, heritage, traffic and transport impacts, and the management of other construction and operational impacts. Stakeholders and members of the community are able to provide feedback during the preparation and exhibition of the EIS. Submissions received during the EIS exhibition are addressed in a Submissions and Preferred Infrastructure Report and submitted to the Minister for Planning for consideration in the planning approval assessment process. WestConnex projects that have received planning approval are: M4 Widening M4 East New M5 King Georges Road Interchange Upgrade The EIS for WestConnex M4 M5 Link is expected to be exhibited in Our Projects

9 westconnex.com.au Sydney Motorway Corporation Annual Review Sydney Motorway Corporation Annual Review Benefits of WestConnex WestConnex is part of an integrated transport plan to keep Sydney moving Some of the benefits of WestConnex will be seen as early as 2017 when the M4 Widening and King Georges Road Interchange open to traffic. Delivering time savings 40 minutes between Parramatta and Sydney airport 30 minutes between Port Botany and Silverwater 20 minutes between Burwood and Sydney airport. Driving the economy and creating jobs To Blue Mountains nts ricatedm4 East Exhibits 1800x1800mmh M4 Widening 7.5 km^ Opening 2017 Events 6.5 km^ Opening 2019 Iron Cove Link and Rozelle Interchange Opening 2023 Link to proposed Western Harbour Tunnel and BeachesLink* Support Sydney s long-term economic growth with improved motorway access and connections to western Sydney and key employment hubs across the city Provide vital links to Sydney s major international gateways at Sydney Airport and Port Botany. Connecting communities Shift through-traffic and heavy vehicles to the underground motorway, returning local streets to local communities Provide over 14 kilometres of new and upgraded cycle and pedestrian paths, linked to existing cycleways. Easing congestion Primary Image Area 1600mm w x 1600mm h Keep text and important images inside of red line. Crop Size 1800mm w x 1800mm h Graphic Size with Bleed King Georges 1850mm w x 1850mm Road h Interchange Upgrade Opening 2017 M4-M5 Link Main tunnel Opening 2022 Reduce the $6 billion annual cost of congestion in NSW Provide a bypass of up to 52 sets of traffic signals Improve the speed, reliability and safety of travel across the city. Making Sydney a more liveable city Deliver more than 18 hectares of new recreational green space for local communities Reduce greenhouse gas emissions by over 610,000 tonnes per annum. ^ To Liverpool Connection Surface Tunnel New motorway under investigation Roads and Maritime Services project Early planning being undertaken by Roads and Maritime Services Approximate length Dates subject to planning approval Map not to scale and is indicative only - CMYK color - Resolutions must be ppi - All fonts must be created to outlines New M5 11 km^ Opening 2020 Link to proposed F6 Extension* Sydney Gateway** Opening 2023

10 Sydney Motorway Corporation Annual Review WestConnex M4 Widening We are currently widening the M4 Motorway between Parramatta and Homebush to create an additional lane in each direction. The project is 7.5 kilometres in length and will create up to 2,000 jobs during construction. Project value^ Current status $497 million^ In construction Construction start March 2015 Open to traffic* Key achievements Current traffic projections* Design and construct contract 2017^ More than 230 girders have been manufactured as part of the viaduct construction which will be completed by mid 2017 Tolling infrastructure installed and testing well advanced The widening of the at-grade motorway is well advanced 80 per cent of bulk earthwork completed 60 per cent of concrete pavement completed 163,800* vehicles per average weekday by 2031 CPB Contractors and Rizzani De Eccher Joint Venture Operations and maintenance contract Tolling contracts Maintenance during construction: CPB Contractors and Rizzani De Eccher Joint Venture Operations and maintenance during operation: Fulton Hogan and Egis Joint Venture Roadside tolling equipment: Kapsch TrafficCom Australia Back-office services and systems: Roads and Maritime Services ^ WestConnex Updated Strategic Business Case, November 2015 * Based on WestConnex Road Traffic Model V2.1, WestConnex Updated Strategic Business Case, November 2015 Business productivity and public transport options will improve, emissions from idling traffic will reduce and over 10,000 jobs are being created. It s a great citychanging project. The Hon. Duncan Gay MLC Minister for Roads, Maritime and Freight

11 Sydney Motorway Corporation Annual Review Sydney Motorway Corporation Annual Review WestConnex M4 East Work has commenced on extending the M4 Motorway from Homebush to Haberfield (via Concord) in underground tunnels, including providing future connections to the M4-M5 Link. The project is 6.5 kilometres in length (with 5.5 kilometres of the motorway in tunnel) and will create up to 4,500 jobs and more than 100 apprenticeships and traineeships during contsruction. Project value^ Current status: $3.802 billion^ In construction Construction start: March 2016 Open to traffic: Key achievements : Current traffic projections* Early 2019^ Completed public exhibition of the M4 East Environmental Impact Statement (EIS) Published Submissions and Preferred Infrastructure Report providing responses to public submissions received during the EIS exhibition State planning approval granted Construction commenced Established all construction sites Tunnelling underway at all four designated sites 132,400* vehicles per average weekday by 2031 St Lukes hockey field and sporting facilities, Concord * In February, the first WestConnex community project was delivered new hockey facilities at St Lukes Park in Concord. The upgraded site was inspected by the Federal Member for Reid, the Hon. Craig Laundy MP and NSW Member for Drummoyne, the Hon. John Sidoti MP as the venue was handed over to the City of Canada Bay Council and Briars Hockey Club. The new field and facilities were built to accommodate a midway tunnelling point for WestConnex M4 East at Cintra Park, where the club was previously located. Using Cintra Park as a construction site gives vehicles supporting tunnelling direct access to Parramatta Road, reducing impacts on local roads. Maosep pre suantica Los Delsonua wquodita We re really pleased with our upgraded facilities and look forward to many years of competition and hopefully wins, on our new home turf. Lee Capes, Briars Hockey Club first grade women s coach and 1988 Seoul Olympic gold medallist. Design and construct contract Operations and maintenance contract Tolling contracts CPB Contractors, Samsung C&T Corporation and John Holland Joint Venture Fulton Hogan and Egis Joint Venture Roadside tolling equipment: Kapsch TrafficCom Australia Back-office services and systems: Roads and Maritime Services This community project included a new hockey field, plus an amenities building, terraced spectator seating, lighting towers, two viewing mounds, new car parking facilities and disabled access. * SMC delivered this contract on behalf of Roads and Maritime Services. ^ WestConnex Updated Strategic Business Case, November 2015 * Based on WestConnex Road Traffic Model V2.1, WestConnex Updated Strategic Business Case, November 2015 Young players enjoying the new sporting facilities at St Lukes Park, Concord as part of the delivery of M4 East.

12 Sydney Motorway Corporation Annual Review WestConnex New M5 We recently commenced the duplication of the M5 East motorway corridor, with new underground motorway tunnels being constructed between Beverly Hills and a new interchange at St Peters. This interchange allows for connections to Sydney Aiport, Port Botany and the M4-M5 Link. The New M5 tunnels also provide connections for the proposed M4 M5 Link and the Southern Connector (a new potential motorway connecting to Sydney s southern suburbs). It will create up to 4,400 jobs and 155 apprenticeships and traineeships during construction. Project value^ $4.335 billion^ Maosep pre suantica Los Delsonua Current status In construction Construction start July 2016 wquodita Open to traffic Early 2020 Key achievements Current traffic projections* Design and construct contract Announced midway tunnelling point at Arncliffe Financial close on $1.5 billion in private sector debt and a $2 billion Australian Government concessional loan, the first of its kind Preferred design release and design and construction contract awarded Completed public exhibition of the New M5 Environmental Impact Statement (EIS) Published Submissions and Preferred Infrastructure Report providing responses to public submissions received during the EIS exhibition State planning approval granted. Federal environmental approval granted (July 2016) 37,200* vehicles per average weekday by 2031 CPB Contractors, Dragados and Samsung Joint Venture Operations and maintenance contract Tolling contracts ^^ Fulton Hogan and Egis Joint Venture Roadside tolling equipment: Kapsch TrafficCom Australia Back-office services and systems: Roads and Maritime Services ^ WestConnex Updated Strategic Business Case, November 2015 ^^ Awarded through the design and construct contract * Based on WestConnex Road Traffic Model V2.1, WestConnex Updated Strategic Business Case, November 2015 During construction the New M5 will create up to 4,400 jobs and 155 apprenticeships and traineeships to double the capacity of M5 corridor.

13 Sydney Motorway Corporation Annual Review Alexandria Landfill clean up WestConnex King Georges Road Interchange Upgrade Before clean up This project involves upgrading the King Georges Road Interchange between the M5 West and the M5 East at Beverly Hills, in preparation for the New M5 and will create up to 900 jobs during construction. Project value^ $131 million^ Current status In construction Construction start July 2015 Open to traffic Early 2017^ Key achievements Construction commenced Installed new noise barriers as well as improved existing barriers to reduce impact on local residential areas Completed structural work to lengthen the Cooloongatta Road Bridge and widen the Penshurst Road overpass Completed major earthworks to widen and lengthen the existing King Georges Road Interchange on and off-ramps Exhibited the Urban Design and Landscape Management Plan for public comment Established a dedicated Community Information Centre at Beverly Hills Opened to traffic two months ahead of schedule. Design and construct Fulton Hogan contract Operations and maintenance contract Tolling contracts Maintenance during construction: Fulton Hogan Operations and maintenance during operation: Fulton Hogan and Egis Joint Venture Incorporated in contracts for WestConnex New M5 ^ WestConnex Updated Strategic Business Case, November 2015 In November 2014, the NSW Government announced that the New M5 St Peters Interchange would be mainly built on the site of the former Alexandria Landfill. In mid-2015, SMC awarded a contract to carry out a significant clean-up of the highly contaminated former landfill in accordance with existing development consents and environment protection licenses. The work included: Crushing and recycling more than 30,000 tonnes of stockpiled concrete Removing contaminated material from the site including completion of a pre-existing clean-up notice from the Environment Protection Authority Removal of stockpiled materials and stabilisation of slopes. The work was finished ahead of time and within budget enabling timely access to this site for remediation and construction of the St Peters Interchange. Clean-up of the Alexandria Landfill site was completed in February 2016 and included removal of waste and significant stabilisation work.

14 Sydney Motorway Corporation Annual Review The M4-M5 Link will include more than 18 hectares of new green space in Rozelle and St Peters. WestConnex M4-M5 Link This innovative and city-changing project will connect the M4 East in Haberfield to the New M5 in St Peters (via Rozelle and Camperdown) in underground motorway tunnels. It includes a future connection for the Western Harbour Tunnel and BeachesLink and will include more than 18 hectares of new open space for the community at Rozelle and St Peters. Project value^ Current status Construction start (pending planning approval) Open to traffic (pending planning approval) Key achievements Current traffic projections* Design and construct contract Operations and maintenance contract Tolling contracts $7.247 billion^ Early planning/pre-procurement ^ Government approval of the M4-M5 Link Business Case State Significant Infrastructure Application Report lodged with NSW Department of Planning and Environment Consultation with local councils and other key stakeholders commenced NSW Department of Planning and Environment issued Secretary s Environmental Assessment Requirements Community feedback forums commenced 105,000*^^ vehicles per average weekday in 2031 Tender process yet to begin Commitment deed in place with Fulton Hogan and Egis Joint Venture Tender process yet to begin Maosep pre suantica Los Delsonua wquodita ^ WestConnex Updated Strategic Business Case, November 2015 ^^ Between Haberfield and Rozelle * Based on WestConnex Road Traffic Model V2.1, WestConnex Updated Strategic Business Case, November 2015 Artist s impression of the M4-M5 Link Rozelle interchange and new green space at the former Rozelle Rail Yards

15 Sydney Motorway Corporation Annual Review Building Community Connections The Community Connections program is a series of initiatives to help build capability and capacity in individuals and groups across the WestConnex corridor. It involves: Community grants Outlook In the coming year, Sydney Motorway Corporation expects to: Education and skills building Community partnerships Training and skill development through the new purpose-built WestConnex Training Academy Secure private sector debt finance for WestConnex M4 Release a reference design for WestConnex M4-M5 Link Start tunnelling on WestConnex New M5 Complete construction on WestConnex King Georges Road Interchange Upgrade Exhibit the WestConnex M4-M5 Link Environmental Impact Statement for public comment Complete construction and commence operation of the widened M4 Motorway between Parramatta and Homebush SMC s principal contractors for the M4 East and New M5 projects have established the WestConnex Training Academy at Homebush. This dedicated facility will deliver skills training as well as 500 apprenticeships and traineeships during the life of the WestConnex project. The Joint-Venture Contractors have partnered with Western Sydney TAFE and other registered training organisations to ensure the training opportunities match with their workforce requirements. They aim to obtain employment for 70% of the people who complete the program. The Academy will target Western Sydney residents, particularly the long-term unemployed, Aboriginal and Torres Strait Islanders, women, people with a disability and those from disadvantaged communities. Start major procurement for WestConnex M4-M5 Link Launch SMC s community, education and training employment programs

16 Sydney Motorway Corporation Annual Review Visit our Community Information Centres M4 East Community information centre Ground floor 52 Railway Parade Burwood NSW 9am - 5pm Monday - Friday M4 Widening Community information centre 1/75 Carnarvon Street Silverwater NSW 9am - 5pm Monday - Friday New M5 Community information centre 27 Burrows Road St Peters NSW 9am - 5pm Monday - Friday Our Community Information Centres are open after hours by appointment. M4 East Community Information Centre

17 sydneymotorway.com.au Sydney Motorway Corporation Pty Ltd ACN