Transurban is road operator company that manages and develops urban toll road networks in Australia and North America. It was founded in 1996 and is listed on the Australian Securities Exchange (ASX).
|Traded as||ASX: TCL|
|Industry||Infrastructure and development|
|Scott Charlton – CEO|
|Products||CityLink, Westlink M7, M2 Hills Motorway, M5 South Western Motorway, Cross City Tunnel, Lane Cove Tunnel, Eastern Distributor, Gateway Motorway, Logan Motorway, Clem Jones Tunnel, Go Between Bridge, Legacy Way, Airport Link, Brisbane, 495 Express Lanes, 95 Express Lanes|
Number of employees
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.
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 projectsEdit
Transurban has an interest in 16 urban motorways in Australia and the United States.
- CityLink (100% shareholder and manager)
The CityLink contract was awarded in 1995 by the Victorian government to a consortium of Australia's Transfield Services and Japan's Obayashi Corporation. 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. The total value of the project was estimated in 1996 at about $1.8 billion, and the 34-year concession to operate the road expires in 2034.
The road was built between 1996 and 2000. The first of the sections opened to traffic in August 1999, with tolling commencing on 3 January 2000 before final completion occurred on 28 December 2000 with tolling commencing the same year.
- Hills M2 (100% shareholder and manager)
- Lane Cove Tunnel (100% shareholder and manager)
- Eastern Distributor (75.1% shareholder and 100% manager)
- M5 South West (50% shareholder)
- Westlink M7 (50% shareholder)
- Cross City Tunnel (100% shareholder and manager)
- WestConnex (25.5% shareholder)
- NorthConnex (50% shareholder)
Transurban has a 62.5% share in and manages the following toll roads:
- Gateway Motorway
- Logan Motorway
- Clem Jones Tunnel
- Go Between Bridge
- Legacy Way
- Airport Link, Brisbane
- 495 Express Lanes – HOT Lanes in Northern Virginia (94% shareholder)
- 95 Express Lanes – HOT lanes in Northern Virginia (77.5% shareholder)
- Andrew Nette. "CityLink and Nam Theun 2: Infrastructure for private profit" (PDF). terraper.org. Retrieved 17 July 2008.[dead link]
- M. G. Lay and K. F. Daley (July 2002). "The Melbourne City Link Project". Transport Policy. 9 (3): 261–267. doi:10.1016/S0967-070X(02)00020-3. Archived from the original on 5 January 2013. Retrieved 17 July 2008.
- Public Accounts and Estimates Committee (October 2006). Report on private investment in public infrastructure (PDF). parliament.vic.gov.au. p. 63. ISBN 0-9758189-1-0. Retrieved 9 January 2012.
- VicRoads. "Project Overview : CityLink". vicroads.vic.gov.au. Archived from the original on 23 July 2008. Retrieved 17 July 2008.