 | |
| Company type | Public |
|---|---|
| ASX: TCL | |
| Industry | Infrastructure,development and road operations |
| Founded | 14 March 1996; 29 years ago (1996-03-14) inMelbourne, Australia |
| Headquarters | Melbourne, Australia |
Area served | |
Key people | Michelle Jablko (CEO) |
| Products |
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| Brands |
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Number of employees | 672[1] |
| Website | transurban |
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, manages and develops urbantoll road networks acrossAustralia,Canada and theUnited States. It is listed on theAustralian Securities Exchange (ASX).[2][3]
Transurban is the full owner ofCityLink inMelbourne, 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 theVictoria State Government on a corporate restructure to allow Transurban to undertake other activities outside of CityLink and pursue new business.[4][5] Since then, Transurban has grown and currently has stakes in six tolled motorways inSydney and six tolled motorways inBrisbane.Linkt is Transurban'se-TAG toll brand and can be used in all toll roads in Australia. In the United States, Transurban has ownership interests in the495 Express Lanes on a section of the Capital Beltway aroundWashington, DC. It also has an interest in the connecting95 Express Lanes project onInterstate 95. In Canada, Transurban holds an interest in theA25 Motorway.[6]
Transurban was included on theDow Jones Sustainability Index (DJSI) World List from 2006 to 2010 and on the DJSI Asia Pacific List from 2011 to 2015.
Transurban has an interest in 16 urban motorways in Australia, Canada and the United States.
The CityLink contract was awarded in 1995 by the Victorian Government to a consortium of Australia'sTransfield Holdings and Japan'sObayashi Corporation, named Transurban Consortium.[7][8] Transurban was formed on 14 March 1996 to operate the CityLink contract and collect tolls.[2][3]
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.[9][10] Between 2004 and 2005, Transurban fully acquired Hills Motorway Group (M2 Hills Motorway) from various shareholders includingAbigroup andMacquarie Infrastructure Group (MIG).[11][12]
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%).[13] Transurban increased its shareholding in M7 to 50% between 2006 and August 2008.[14][15]
Transurban acquired the Lane Cove Tunnel fromConnector Motorways in May 2010 and Cross City Tunnel in June 2014.[16][17] Since then, Transurban increased its shareholding in Eastern Distributor and fully acquired Interlink Roads/M5 South West.[18][19]
Transurban has a 62.5% share in Transurban Queensland, which operates the Queensland toll road network.[20] The other 37.5% stake in the Transurban Queensland consortium is divided betweenAustralianSuper (25.0%) andTawreed Investments (12.5%).[21] The consortium was set up in 2014 to acquireQueensland Motorways, which operated theGateway Motorway,Logan Motorway,Go Between Bridge,Clem Jones Tunnel (CLEM7) and the then under-constructionLegacy Way.[22] It also inherited thego via tolling system used by Queensland Motorways, which has since been rebranded toLinkt in May 2018.[23] In November 2015, Transurban Queensland announced the acquisition of BrisConnections and AirportlinkM7, which had been in voluntary administration since February 2013.[24] The acquisition was finalised in April 2016.[25]
Within Brisbane (which excludes theToowoomba Bypass), the Transurban Queensland network (previously go via network) consists of 75 kilometres (47 mi) of toll roads.[26][27][28] The Transurban Queensland network now comprises:[29]
