Sydney Motorway Corporation 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.
Sydney Motorway Corporation is governed by a majority independent Board appointed by its shareholder Ministers. From April 2017, the shareholder Ministers of Sydney Motorway Corporation are the Minister for WestConnex The Hon. Stuart Ayres MP, Treasurer The Hon. Dominic Perrottet MP and Minister for Finance, Services and Property The Hon. Victor Dominello MP.
Roads and Maritime Services commissioned Sydney Motorway Corporation to deliver and finance WestConnex, and retains a key assurance role on behalf of the NSW Government.
Roads and Maritime Services, on behalf of the NSW Government, commissioned Sydney Motorway Corporation to finance and deliver the WestConnex program of works.
The basis of our working relationship is set out in concession deeds for the design, construction, operation, maintenance and financing of WestConnex projects.
WestConnex Interdepartmental Steering Committee
The WestConnex Interdepartmental Steering Committee (WISC) provides governance and support to Roads and Maritime Services in its role as client for WestConnex. Its specific functions include:
Providing oversight and assurance to government that WestConnex is being delivered effectively and in accordance with expectations and timeframes
Providing operational support and partnerships for the WestConnex project through cooperation and alignment of agency activities (for example environmental approvals, public transport priorities, etc.)
Providing support for the Roads and Maritime Services client function, including monitoring and advising on the client-side project budget management, risk allocation and commercial arrangements
Serving as the channel through which the NSW Cabinet Standing Committee on Infrastructure receives advice about the progress of WestConnex.
NSW Government assurance
Sydney Motorway Corporation’s projects are subject to normal NSW Government reporting processes, as prescribed by the Cabinet Standing Committee on Infrastructure.
Infrastructure NSW provides monthly progress reports to Cabinet as part of its ongoing advisory and assurance role for the NSW Government.
Sydney Motorway Corporation’s Chief Executive Officer meets regularly with shareholders.