AMP Capital extends M5 involvement
AMP Capital has furthered its investment in Sydney's key M5 Motorway.
The company announced this week it had invested an additional $22 million in Interlink Roads as part of the transaction today to widen the M5.
It said the project involves widening the existing motorway from two to three lanes in each direction from Camden Valley Way, Prestons to King Georges Road, Beverly Hills.
AMP Capital head of infrastructure Paul Foster said the company had been intimately involved in the deal to widen the M5 South West Motorway.
"AMP Capital's specialist infrastructure team have actively shaped the M5 South West Motorway widening project and have co-led negotiations with the NSW Government on behalf of Interlink's shareholders," he said.
AMP Capital said the project was expected to deliver investor returns predominately through an extension of Interlink Roads' toll concession period to December 2026.
"The stable, long-duration cash flows produced by infrastructure assets such as the M5 South West Motorway are a particularly good match with the investment objectives of our superannuation fund clients," Foster said.
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