King & Wood Mallesons has advised the consortium behind Sydney’s Westlink M7 motorway on a $1.2 billion refinancing of the debt facilities used to fund the project.
The 25-mile road opened in 2005 and serves the western part of Sydney, connecting three other major motorways in the area. Ownership of Westlink M7 is split among the consortium, with Transurban Group holding 50 percent, state-controlled Queensland Investment Corp. Ltd. holding 25 percent and Canada Pension Plan Investment Board holding the remaining 25 percent.
