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Transurban

From Wikipedia, the free encyclopedia
Not to be confused with Krauss-Maffei Transurban.

Transurban Limited
Company typePublic
ASX: TCL
IndustryInfrastructure and development
Founded14 March 1996, Melbourne
Headquarters
Tower Five, Collins Square
727 Collins Street
Docklands, Melbourne
Area served
Key people
Michelle Jablko (CEO)
BrandsLinkt (Australia)
Number of employees
672[1]
Websitetransurban.com

Transurban is a road operator company that manages and develops urban toll road networks in Australia, Canada and the United States. It is listed on the Australian Securities Exchange (ASX), and is the world’s largest toll road operator.[2][3]

Transurban is the full owner of CityLink in Melbourne, which connects three of the city's major freeways. When Transurban was founded in March 1996, it was only limited to the operation of CityLink, under a 'single purpose' restriction. However, in September 2001, an agreement was reached with the Victoria State Government on a corporate restructure to allow Transurban to undertake other activities outside of CityLink and pursue new business.[4][5] Since then, Transurban has grown and currently has stakes in six tolled motorways in Sydney and six tolled motorways in Brisbane. Linkt is Transurban's e-TAG toll brand and can be used in all toll roads in Australia. In the United States, Transurban has ownership interests in the 495 Express Lanes on a section of the Capital Beltway around Washington, DC. It also has an interest in the connecting 95 Express Lanes project on Interstate 95. In Canada, Transurban holds an interest in the A25 Motorway.[6]

Transurban was included on the Dow Jones Sustainability Index (DJSI) World List from 2006 to 2010 and on the DJSI Asia Pacific List from 2011 to 2015.

Roads and projects

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Transurban has an interest in 16 urban motorways in Australia, Canada and the United States.

Australia

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Melbourne

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The CityLink contract was awarded in 1995 by the Victorian Government to a consortium of Australia's Transfield Holdings and Japan's Obayashi Corporation, named Transurban Consortium.[7][8] Transurban was formed on 14 March 1996 to operate the CityLink contract and collect tolls.[2][3]

Sydney

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Transurban first entered the Sydney market by owning 40% of WSO Co. Pty Limited, which in February 2003, entered into a concession to operate the Westlink M7.[9][10] Between 2004 and 2005, Transurban fully acquired Hills Motorway Group (M2 Hills Motorway) from various shareholders including Abigroup and Macquarie Infrastructure Group (MIG).[11][12]

In April 2007, Transurban acquired Sydney Roads Group from MIG which included the ownership of Interlink Roads (M5 South West, 50%), StateWide Roads (M4 Western Motorway, 50.6%) and Airport Motorway Limited (Eastern Distributor, 71.35%).[13] Transurban increased its shareholding in M7 to 50% between 2006 and August 2008.[14][15]

Transurban acquired the Lane Cove Tunnel from Connector Motorways in May 2010 and Cross City Tunnel in June 2014.[16][17] Since then, Transurban increased its shareholding in Eastern Distributor and fully acquired Interlink Roads/M5 South West.[18][19]

Queensland

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Transurban has a 62.5% share in Transurban Queensland, which operates the Queensland toll road network.[20] The other 37.5% stake in the Transurban Queensland consortium is divided between AustralianSuper (25.0%) and Tawreed Investments (12.5%).[21] The consortium was set up in 2014 to acquire Queensland Motorways, which operated the Gateway Motorway, Logan Motorway, Go Between Bridge, Clem Jones Tunnel (CLEM7) and the then under-construction Legacy Way.[22] It also inherited the go via tolling system used by Queensland Motorways, which has since been rebranded to Linkt in May 2018.[23] In November 2015, Transurban Queensland announced the acquisition of BrisConnections and AirportlinkM7, which had been in voluntary administration since February 2013.[24] The acquisition was finalised in April 2016.[25]

Within Brisbane (which excludes the Toowoomba Bypass), the Transurban Queensland network (previously go via network) consists of 75 kilometres (47 mi) of toll roads.[26][27][28] The Transurban Queensland network now comprises:[29]

Canada

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Quebec

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United States

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Virginia

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See also

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References

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  1. ^ "Transurban Group". Google Finance. Retrieved 30 August 2021.
  2. ^ a b "Company Profile". Transurban. Archived from the original on 30 November 2007.
  3. ^ a b "About Us". Transurban. Retrieved 30 August 2021.
  4. ^ "Annual Report 2002" (PDF). Transurban. 2002. p. 24, 59. Retrieved 7 December 2021.
  5. ^ "History". Transurban. Archived from the original on 13 June 2007.
  6. ^ "Transurban pays $861m for Montreal toll road and bridge". Australian Financial Review. 22 March 2018. Retrieved 27 May 2024.
  7. ^ Nette, Andrew. "CityLink and Nam Theun 2: Infrastructure for private profit" (PDF). terraper.org. Retrieved 17 July 2008. [dead link‍]
  8. ^ "UCL Project profile: Australia - CityLink, Melbourne". Analysis & Policy Observatory. 14 May 2013. Retrieved 30 August 2021.
  9. ^ "Westlink M7 motorway: Summary of contracts - For public information" (PDF). Treasury NSW. Roads and Traffic Authority. August 2003. p. 8,11-13. Retrieved 3 November 2020.
  10. ^ "Annual Report 2003" (PDF). Transurban. 2003. Retrieved 2 December 2021.
  11. ^ "Transurban Group Acquires Hills Motorway Group". Mergr. Retrieved 14 October 2021.
  12. ^ "Transurban buys 8.1% of Hills Motorway". Sydney Morning Herald. 20 April 2004. Retrieved 30 November 2021.
  13. ^ "Transurban finalises Sydney Roads takover". The Australian. 27 April 2007. Retrieved 5 November 2020.
  14. ^ "Transurban Annual Report 2006" (PDF). Transurban. 2006. p. 6,33,79. Retrieved 3 November 2020.
  15. ^ "Transurban buy extra 2.5% of M7 motorway". Sydney Morning Herald. 14 August 2008. Retrieved 3 November 2020.
  16. ^ Lane Cove Tunnel sold for $630 million - ABC News (Australian Broadcasting Corporation). Abc.net.au (10 May 2010). Retrieved 2013-09-07.
  17. ^ "Cross City tunnel sold to Transurban for $475m". The Sydney Morning Herald. Australian Associated Press. 27 March 2014. Retrieved 2 September 2018.
  18. ^ "Transurban Group Appendix 4E Year ended 30 June 2008" (PDF). ASX. Transurban. 2008. Retrieved 14 October 2021.
  19. ^ "2020 Corporate Report" (PDF). Transurban. 2020. p. 110. Retrieved 14 September 2021.
  20. ^ "Transurban announces financial close on AirportlinkM7" (PDF). ASX. Transurban. 4 May 2016. Archived (PDF) from the original on 1 June 2016.
  21. ^ "Acquisition of Queensland Motorways complete". 2 July 2014. Archived from the original on 14 July 2014. Retrieved 9 July 2014.
  22. ^ "Queensland Motorways seels for $7 billion to private consortium". ABC News. 25 April 2014.
  23. ^ "go via is now Linkt". Linkt. Archived from the original on 6 March 2019. Retrieved 14 October 2021.
  24. ^ "Transurban acquires BrisConnections for up to $2 billion". Australian Financial Review. 24 November 2015. Archived from the original on 1 February 2016.
  25. ^ "Transurban announces financial close on AirportlinkM7" (PDF). ASX. Transurban. 4 May 2016. Archived (PDF) from the original on 1 June 2016.
  26. ^ "About go via". go via. Archived from the original on 7 December 2016. Retrieved 14 October 2021.
  27. ^ "Queensland Motorways further expands its toll road network". www.govia.com.au. Queensland Motorways. Archived from the original on 25 February 2014. Retrieved 16 January 2015.
  28. ^ "go via network map" (PDF). go via. Archived (PDF) from the original on 27 February 2016. Retrieved 14 October 2021.
  29. ^ "Brisbane". Transurban. Retrieved 15 October 2021.
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