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BRIEF-Transurban announces exclusive negotiations on Western Distributor Project

Published 08/12/2015, 02:57 pm
Updated 08/12/2015, 03:00 pm
© Reuters.  BRIEF-Transurban announces exclusive negotiations on Western Distributor Project
TCL
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Dec 8 (Reuters) - Transurban Group TCL.AX :

* Western distributor to progress to exclusive negotiations TCL.AX

* Says welcomes exclusive negotiations with Victorian Government on Western Distributor Project

* Transurban anticipates reaching an in-principal agreement with the victorian government by mid 2016

* Significant capex from Transurban is not expected until capital construction works commence on west gate freeway/western distributor corridor

* Western distributor project currently expected to cost around $5.5 billion (nominal dollars)with exact construction costs to be determined through tender process

* Transurban anticipates financial close for the project occurring by late 2017

* Source text for Eikon ID:nASX1shqpD

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