Australia’s biggest toll road operator, Transurban, is looking to secure a slice of the biggest toll road project in Sydney, WestConnex, and that has the Australian Consumer and Competition Commission (ACCC) concerned. The competition watchdog has just issued a preliminary assessment of the proposal by the Transurban-led Sydney Transport Partners […]
Transurban’s revenue from road toll revenue increased by 10.6% to $2.15 billion last financial year. Most of that, $1.94 billion, was collected from motorists in Sydney, Melbourne and Brisbane. The rest was from the US. Overall average daily traffic grew by 4.0%. Statutory net profit excluding significant items increased 34.3% […]
Victorian premier Daniel Andrews took to Twitter this morning to extol the virtues of Transurban’s $5.5 billion Western Distributor Project, which includes widening Monash Freeway and an alternative crossing to the West Gate Bridge. Here’s his post on how a second major crossing over the Maribyrnong River will look. The […]
And a $1.025 billion rights issue.
$16 billion now in the pipeline