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Transurban#Queensland

{{Short description|Australian road operator company}}

{{About|the Australian multi-national road operations company|Transurban's retail operations and road tolling brand|Linkt|the German passenger transit prototype|Krauss-Maffei Transurban}}

{{Use Australian English|date=January 2025}}

{{Use dmy dates|date=May 2018}}

{{Infobox company

| name = Transurban Limited

| logo = Transurban_logo.svg

| type = Public

| traded_as = {{ASX|TCL}}

| foundation = {{Start date and age|df=yes|1996|03|14}} in Melbourne, Australia

| location_city = Melbourne, Australia

| key_people = Michelle Jablko (CEO)

| industry = Infrastructure, development and road operations

| area_served = {{ubl|Australia|Canada|United States}}

| brands = {{Hlist|Linkt (Australia)|Express Lanes (United States)|A25 (Canada)}}

| products = {{Hlist|Road infrastructure|Land development|Transport operations|Toll road operations}}

| num_employees = 672{{cite web|url=https://www.google.com/finance/quote/TCL:ASX|title=Transurban Group|website=Google Finance|access-date=30 August 2021}}

| homepage = {{URL|transurban.com}}

}}

Transurban is an Australian, multinational road operations company and one of the world's largest toll road operators. Transurban, either independently or through financial consortiums, manage and develops urban toll road networks across Australia, Canada and the United States. It is listed on the Australian Securities Exchange (ASX).{{cite web|url=http://www.transurban.com/transurban_online/tu_nav_black.nsf/childdocs/-E4D1BC999BC1C1CDCA256F3F0024CBDC-9FCE9D2D21D157E5CA25706100084E32?open|title=Company Profile|website=Transurban|archive-url=https://web.archive.org/web/20071130145037/http://www.transurban.com/transurban_online/tu_nav_black.nsf/childdocs/-E4D1BC999BC1C1CDCA256F3F0024CBDC-9FCE9D2D21D157E5CA25706100084E32?open|archive-date=30 November 2007|url-status=dead}}{{cite web|url=https://www.transurban.com/about-us|title=About Us|website=Transurban|access-date=30 August 2021}}

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.{{cite web|url=https://www.transurban.com/content/dam/investor-centre/04/AnnualReport2001-02.pdf|title=Annual Report 2002|publisher=Transurban|page=24, 59|date=2002|access-date=7 December 2021}}{{cite web|url=http://www.transurban.com.au/transurban_online/tu_nav_black.nsf/childdocs/-E4D1BC999BC1C1CDCA256F3F0024CBDC-C929EDC8717C3111CA2570520016DEB2?open|title=History|website=Transurban|archive-url=https://web.archive.org/web/20070613021801/http://www.transurban.com.au/transurban_online/tu_nav_black.nsf/childdocs/-E4D1BC999BC1C1CDCA256F3F0024CBDC-C929EDC8717C3111CA2570520016DEB2?open|archive-date=13 June 2007|url-status=dead}} 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.{{cite web |title=Transurban pays $861m for Montreal toll road and bridge |url=https://www.afr.com/companies/transport/transurban-pays-861m-to-buy-montreal-toll-road-and-bridge-20180323-h0xuuh |website=Australian Financial Review |access-date=27 May 2024 |language=en |date=22 March 2018}}

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

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

= Australia =

==Melbourne==

  • CityLink (100% shareholder and manager)

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.{{cite web|url=http://www.terraper.org/articles/WS%25205(1)%2520report%2520-%2520NT2.pdf|title=CityLink and Nam Theun 2: Infrastructure for private profit|author=Nette, Andrew |publisher=terraper.org|access-date=17 July 2008}} {{Dead link|date=September 2010|bot=H3llBot}}{{cite web|url=https://apo.org.au/node/34108|title=UCL Project profile: Australia - CityLink, Melbourne|website=Analysis & Policy Observatory|date=14 May 2013|access-date=30 August 2021}} Transurban was formed on 14 March 1996 to operate the CityLink contract and collect tolls.

==Sydney==

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.{{cite web|url=https://www.treasury.nsw.gov.au/sites/default/files/2017-02/Westlink_M7_contr.pdf|title=Westlink M7 motorway: Summary of contracts - For public information|website=Treasury NSW|publisher=Roads and Traffic Authority|page=8,11-13|date=August 2003|access-date=3 November 2020}}{{cite web|url=https://www.transurban.com/content/dam/investor-centre/04/Transurban_Annual_Report_2003.pdf|title=Annual Report 2003|publisher=Transurban|date=2003|access-date=2 December 2021}} Between 2004 and 2005, Transurban fully acquired Hills Motorway Group (M2 Hills Motorway) from various shareholders including Abigroup and Macquarie Infrastructure Group (MIG).{{cite web|url=https://mergr.com/transurban-group-acquires-hills-motorway-group|title=Transurban Group Acquires Hills Motorway Group|website=Mergr|access-date=14 October 2021}}{{cite web|url=https://www.smh.com.au/business/transurban-buys-8-1-percent-of-hills-motorway-20040420-gdirq4.html|title=Transurban buys 8.1% of Hills Motorway|publisher=Sydney Morning Herald|date=20 April 2004|access-date=30 November 2021}}

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%).{{cite web|url=https://www.theaustralian.com.au/news/latest-news/transurban-finalises-sydney-roads-takover/news-story/d79081e263af2ff8048f1fad9fcfe19a|title=Transurban finalises Sydney Roads takover|publisher=The Australian|date=27 April 2007|access-date=5 November 2020}} Transurban increased its shareholding in M7 to 50% between 2006 and August 2008.{{cite web|url=https://www.transurban.com/content/dam/investor-centre/04/Annual-Report-2006-A4.pdf|title=Transurban Annual Report 2006|publisher=Transurban|date=2006|page=6,33,79|access-date=3 November 2020}}{{cite web|url=https://www.smh.com.au/business/transurban-buy-extra-2-5-percent-of-m7-motorway-20080814-3vfr.html|title=Transurban buy extra 2.5% of M7 motorway|publisher=Sydney Morning Herald|date=14 August 2008|access-date=3 November 2020}}

Transurban acquired the Lane Cove Tunnel from Connector Motorways in May 2010 and Cross City Tunnel in June 2014.[https://web.archive.org/web/20100919124629/http://www.abc.net.au/news/stories/2010/05/10/2894830.htm Lane Cove Tunnel sold for $630 million - ABC News (Australian Broadcasting Corporation)]. Abc.net.au (10 May 2010). Retrieved 2013-09-07.{{cite news |title=Cross City tunnel sold to Transurban for $475m |url=https://www.smh.com.au/business/cross-city-tunnel-sold-to-transurban-for-475m-20140327-35klq.html |access-date=2 September 2018 |agency=Australian Associated Press|work=The Sydney Morning Herald |date=27 March 2014}} Since then, Transurban increased its shareholding in Eastern Distributor and fully acquired Interlink Roads/M5 South West.{{cite web|url=https://www.asx.com.au/asxpdf/20080827/pdf/31bxrl10fz2y5n.pdf|title=Transurban Group Appendix 4E Year ended 30 June 2008|website=ASX|publisher=Transurban|date=2008|access-date=14 October 2021}}{{cite web|url=https://www.transurban.com/content/dam/investor-centre/04/2020-Corporate-Report.pdf|title=2020 Corporate Report|page=110|publisher=Transurban|date=2020|access-date=14 September 2021}}

==Queensland==

Transurban has a 62.5% share in Transurban Queensland, which operates the Queensland toll road network.{{cite web|url=http://www.asx.com.au/asxpdf/20160401/pdf/4367md8cb17v1z.pdf|title=Transurban announces financial close on AirportlinkM7|website=ASX|publisher=Transurban|date=4 May 2016|archive-url=https://web.archive.org/web/20160601063415/http://www.asx.com.au/asxpdf/20160401/pdf/4367md8cb17v1z.pdf |archive-date=1 June 2016|url-status=live}} The other 37.5% stake in the Transurban Queensland consortium is divided between AustralianSuper (25.0%) and Tawreed Investments (12.5%).{{cite web|url=http://news.iguana2.com/transurban/ASX/TCL/408285|title=Acquisition of Queensland Motorways complete|date=2 July 2014|access-date=9 July 2014|archive-url=https://web.archive.org/web/20140714225635/http://news.iguana2.com/transurban/ASX/TCL/408285|archive-date=14 July 2014|url-status=dead}} 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.{{cite web|url=http://www.abc.net.au/news/2014-04-24/queensland-motorways-sells-for-7-billion-to-private-consortium/5408322|title=Queensland Motorways seels for $7 billion to private consortium|publisher=ABC News|date=25 April 2014}} It also inherited the go via tolling system used by Queensland Motorways, which has since been rebranded to Linkt in May 2018.{{Cite web|url=https://www.linkt.com.au/brisbane/using-toll-roads/news/go-via-is-now-linkt|title=go via is now Linkt|website=Linkt|access-date=14 October 2021|archive-url=https://web.archive.org/web/20190306123455/https://www.linkt.com.au/brisbane/using-toll-roads/news/go-via-is-now-linkt|archive-date=6 March 2019|url-status=dead}} In November 2015, Transurban Queensland announced the acquisition of BrisConnections and AirportlinkM7, which had been in voluntary administration since February 2013.{{cite web|url=http://www.afr.com/street-talk/transurban-acquires-brisconnections-for-up-to-2-billion-sources-20151123-gl64dd|title=Transurban acquires BrisConnections for up to $2 billion|date=24 November 2015|publisher=Australian Financial Review|archive-url=https://web.archive.org/web/20160201181312/http://www.afr.com/street-talk/transurban-acquires-brisconnections-for-up-to-2-billion-sources-20151123-gl64dd |archive-date=1 February 2016|url-status=live}} The acquisition was finalised in April 2016.{{cite web|url=http://www.asx.com.au/asxpdf/20160401/pdf/4367md8cb17v1z.pdf|title=Transurban announces financial close on AirportlinkM7|website=ASX|publisher=Transurban|date=4 May 2016|archive-url=https://web.archive.org/web/20160601063415/http://www.asx.com.au/asxpdf/20160401/pdf/4367md8cb17v1z.pdf |archive-date=1 June 2016|url-status=live}}

Within Brisbane (which excludes the Toowoomba Bypass), the Transurban Queensland network (previously go via network) consists of {{convert|75|km}} of toll roads.{{cite web|url=https://www.govia.com.au/web/ssp/about-go-via|title=About go via|website=go via|access-date=14 October 2021|archive-url=https://web.archive.org/web/20161207231054/https://www.govia.com.au/web/ssp/about-go-via|archive-date=7 December 2016|url-status=dead}}{{cite web|title=Queensland Motorways further expands its toll road network |url=https://www.govia.com.au/via/home/Whats+new/Media+centre/Queensland+Motorways+further+expands+its+toll+road+network |archive-url=https://web.archive.org/web/20140225181303/https://www.govia.com.au/via/home/Whats+new/Media+centre/Queensland+Motorways+further+expands+its+toll+road+network |url-status=dead |archive-date=25 February 2014 |website=www.govia.com.au |publisher=Queensland Motorways |accessdate=16 January 2015 |ref=2 }}{{cite web|title=go via network map|url=https://govianetwork.com.au/wp-content/uploads/2015/09/TollRoadNetworkMap.pdf|website=go via |accessdate=14 October 2021|archive-url=https://web.archive.org/web/20160227151142/https://govianetwork.com.au/wp-content/uploads/2015/09/TollRoadNetworkMap.pdf|archive-date=27 February 2016|url-status=live}} The Transurban Queensland network now comprises:{{cite web|url=https://www.transurban.com/roads-and-projects/brisbane|title=Brisbane|website=Transurban|access-date=15 October 2021}}

=Canada=

==Quebec==

=United States=

==Virginia==

See also

References

{{reflist}}

External links

  • [http://www.transurban.com/ Official website]
  • {{cite web |url=https://www.transurban.com/content/dam/investor-centre/06/WestConnex-acquisition-presentation.pdf |title=WestConnex Acquisition: Transurban equity raising |work=Investor presentation (not for release in the United States) |publisher=Transurban |date=August 2018 }}

{{S&P/ASX 50}}

{{DJSI World}}

Category:Private road operators

Category:Toll roads in Australia

Category:Companies based in Melbourne

Category:Australian companies established in 1996

Category:Transport companies established in 1996

Category:Companies listed on the Australian Securities Exchange

Category:Companies in the S&P ASX 50