Transurban

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Transurban Limited
TypePublic
ASXTCL
IndustryInfrastructure and development
Founded1999, Melbourne
Headquarters
Area served
Key people
Scott Charlton (CEO)
Products
Number of employees
1500[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 was founded in 1999 and is listed on the Australian Securities Exchange (ASX).

In Australia, Transurban is the full owner of CityLink in Melbourne, which connects three of the city's major freeways; and has stakes in six tolled motorways in Sydney, and, in six of the six Linkt network tolled motorways in Brisbane. 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.

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[edit]

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

Australia[edit]

Melbourne[edit]

The CityLink contract was awarded in 1995 by the Victorian Government to a consortium of Australia's Transfield Holdings and Japan's Obayashi Corporation.[2] Transurban was formed to operate the CityLink contract. The specifications called for a tolled freeway to augment two existing freeways and the construction of two new toll roads – labelled the Western and Southern Links – directly linking a number of existing freeways to provide a continuous, high-capacity road route to, and around, the central business district, using electronic toll collection technology, called e-TAG.[3] The total value of the project was estimated in 1996 at about A$1.8 billion, and the 34-year concession to operate the road expires in 2034.[4] The road was built between 1996 and 2000. The first of the sections opened to traffic in August 1999, and tolling commenced on 3 January 2000 before final completion occurred on 28 December 2000 with tolling commenced the same year.[5]

Sydney[edit]

Brisbane[edit]

Transurban has a 62.5% share in and manages the following toll roads:

Canada[edit]

Quebec[edit]

United States[edit]

Virginia[edit]

See also[edit]

References[edit]

  1. ^ https://www.google.com/finance?q=ASX%3ATCL
  2. ^ Nette, Andrew. "CityLink and Nam Theun 2: Infrastructure for private profit" (PDF). terraper.org. Retrieved 17 July 2008.[dead link]
  3. ^ Lay, M. G.; Daley, K. F. (July 2002). "The Melbourne City Link Project". Transport Policy. 9 (3): 261–267. doi:10.1016/S0967-070X(02)00020-3.
  4. ^ Public Accounts and Estimates Committee (October 2006). Report on private investment in public infrastructure (PDF). Parliament of Victoria. p. 63. ISBN 0-9758189-1-0. Retrieved 9 January 2012.
  5. ^ "Project Overview: CityLink". VicRoads. Government of Victoria. Archived from the original on 23 July 2008. Retrieved 17 July 2008.
  6. ^ Thomsen, Simon (31 August 2018). "Transurban is buying 51% of the WestConnex toll road for $9.26 billion". Business Insider Australia. Pedestrian Group. Retrieved 5 July 2020.

External links[edit]