State-Owned Toll Body to Hit the Road Amid Price Rises

A government-run toll body will soon be written into law but Sydney motorists shouldn’t expect it to drive down prices right away. The Minns Labor government will introduce legislation into parliament this week to create NSW Motorways, a state-owned entity to oversee the Sydney toll road network. The entity will operate tollways not subject to private concession arrangements, such as the Sydney Harbour Bridge and tunnel, as well as the Western Harbour Tunnel and M6 Stage 1, once complete. It will take over the collection of all tolls and oversee any future revenue adjustment mechanism to protect private toll concessionaires from losses and prevent windfall gains falling into their hands from system reforms....