Calyon acted as a mandated lead arranger in a club style project financing for an AUD 465 million facility for a toll-road 100% owned by Transurban Limited. The 3 and 5-year senior secured debt facility finances the Hills Motorway Group (100% owned by Transurban Limited), which owns the M2 Motorway in Sydney. Transurban Limited is a top-50 ASXThe Australian Securities Exchange (ASX) is the primary stock exchange group in Australia. listed company.

The M2 Motorway is an operating 21 km toll-road with a proven traffic profile servicing the North-West of Sydney. The road was opened in 1997 with a 45-year concession from the NSW Government. The M2 Motorway is an integral part of Sydney’s overall road strategy and forms part of the Sydney Orbital Road network.

The financing confirms Calyon as a leader in the project finance market in Australia, and demonstrates its capability to close important transactions for major clients.

Transurban Limited is recognised as a leading toll-road owner and operator, with its portfolio of roads concentrated in Australia’s two most populous cities in Sydney and Melbourne. In addition, Transurban Limited owns a toll road and is developing a HOT lanes project in Richmond, Virginia and Washington DC, USA, respectively.