Region. Transurban declines M7 purchase

Transurban has declined to purchase a 50 per cent stake in the 40-kilometre long Westlink M7 toll road, valued at $805 million, from Macquarie Infrastructure Group (MIG). Transurban already own half the toll road. The Australian Financial Review reports MIG will instead sell its stake into the Western Sydney Roads Group, which it will equally co-own with Queensland Investment Corp. It expects to finalise the sale by the end of March.