Transurban

Investment bank Goldman Sachs is set to reap $16.5 million in NSW taxpayers' funds for a mere 11 months work as financial advisor to the state government on privatisation of the controversial $16.8 billion WestConnex tollway. The money will be paid for work between August this year and next July, in flogging off 51% of the Sydney Motor Corporation (SMC) which is building WestConnex.

The corporate vampires are circling as the sell-off process advances, with Transurban the favorite to buy WestConnex. Transurban already owns most of the toll roads in Sydney.

The biggest privatisation scam in NSW history is about to start as the NSW Coalition government prepares to sell off the $17 billion WestConnex tollway. The government and its project adviser Goldman Sachs are expected to start a market-testing exercise, with a deadline of October for expressions of interest from major private corporations.

Lord Mayor Clover Moore has announced the Sydney City Council will permanently close council-owned roads to restrict the impact of traffic from the controversial WestConnex tollway on local residents.

A map sent to the group No WestConnex: Public transport, not motorways by an insider has revealed plans for Stage 4 of WestConnex. Beginning with the Western Harbour Tunnels, this $11 billion, 22 km tunnel system is being readied before the planning has finished on Stage 2 and without any connection to Sydney Airport.

The Victorian budget, presented by Treasurer Tim Pallas on April 27, is in surplus, due largely to a big increase in stamp duty revenue, to a record $6 billion a year.

This revenue is a result of Melbourne's real estate boom. House prices have been rising rapidly. But the number of homeless people has also been rising rapidly. There has been a marked increase in the number of homeless people begging on the streets.

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