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Transurban Group Provides September Quarter Update 2017

12 Oct 2017  |  09:19:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: September Quarter Update 2017

Transurban Group released September quarter 2017 update. During the period Average Daily Traffic increased by 1.1%, with positive growth in Sydney, Brisbane and the Greater Washington Area offset by disruption in Melbourne from the $1.3b CityLink Tulla Widening upgrade as works increased to provide an early opening. For the September 2017 quarter, on a statutory basis, toll revenue increased by 10.5% to $567m when compared to the pcp. On 9 October 2017, the Company released its first GPS tolling app, LinktGO. Major construction on the $512m Logan Enhancement Project commenced during the quarter, with completion scheduled for 2019. In the Greater Washington Area, the Company reached financial close and commenced construction of the 395 Express Lanes project.

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