Transurban increases H1 2013 revenues and traffic
Transurban announced on 10 July 2013 its traffic and revenue data for the June quarter 2013.
For the June quarter, toll revenue increased by 6.8% to A$207.1 million when compared to the prior corresponding period. Proportional toll revenue, which Transurban believes is the most accurate reflection of the portfolio's performance, increased by 7.1% from the prior corresponding period, to A$256.5 million.
For the full year ended 30 June 2013, toll revenue increased by 4.7% to A$801.2 million when compared to the prior corresponding period. Proportional toll revenue increased by 5.0% to A$991.41 million when compared to the 2012 full year result.
In Melbourne, Transurban's largest asset, CityLink, recorded 5.6% revenue growth on the back of 3.2% traffic growth for the final quarter of the year. In Sydney, progress on the Hills M2 Upgrade contributed to traffic growth on the M2, Lane Cove Tunnel and Westlink M7. The upgrade project is now in its final stages and is expected to reach completion in August 2013.
Source: TransurbanCountry news
-
-
August 02, 2013
Australia & Canada increase support to Philippine PPP Center
The Government of Canada and the Government of Australia, through the Asian Development Bank, are providing further funding to the Philippine Public-Private Partnership Center and the Project Development and Monitoring Facility. Read more -
August 07, 2013
EnergyAustralia refinances and sells Waterloo Wind Farm project in South Australia
Herbert Smith Freehills has advised Mandated Lead Arrangers Commonwealth Bank of Australia, Industrial and Commercial Bank of China Limited, Sumitomo Mitsui Banking Corporation and The Bank of Tokyo-Mitsubishi UFJ, Ltd in connection with the limited project financing and potential expansion facility for the 111MW Waterloo wind farm project in South Australia. Read more -
August 14, 2013
GIP to sell $1.2 billion stake in Brisbane port
"The Australian" reported on Monday that Global Infrastructure Partners (GIP) may be exploring the sale of its 26.7 % stake in the Port of Brisbane, after acquiring the asset in 2010 for $2.1bn in a consortium with Industry Funds Management (IFM), Queensland Investment Corporation (QIC) and Abu Dhabi Investment Authority. Read more -
August 16, 2013
Borealis Infrastructure to open Australia office
The Australian newspaper Financial Post has announced that Borealis Infrastructure, the infrastructure arm of the Ontario Municipal Employees Retirement System (OMERS), is planning to open an Australian office. The office would be its third after the ones in Toronto and London. Read more -
August 19, 2013
IFM's unsolicited bid for East-West project rejected
The Victorian Department of Treasury & Finance in late May 2013 received an unsolicited offer by Industry Funds Management. IFM proposed to fund, construct and run the planned east-west link toll road project's two phases simultaneously, at a cost of around $A12 bilion. Read more
