SYDNEY, Aug 31 (Reuters) - A consortium led by Transurban Group TCL.AX will buy a controlling stake in a Sydney toll road from its government owner for A$9.26 billion ($6.7 billion), the New South Wales state government said on Friday.
Transurban's consortium will hold 51 percent of the road, called WestConnex, while the government will retain a 49 percent residual stake, the government said in a statement.
The unfinished 33-km (21-mile) road cuts through Sydney's burgeoning western suburbs, and will be built in three stages. It is the largest transport project in the city since the Sydney Harbour Bridge, which was completed in 1932.
($1 = 1.3768 Australian dollars)