Transurban Group
(ASX:TCL) says the Legacy Way tunnel in South East Queensland has officially opened to traffic.
The tunnel will join 70 kilometres of tolled roads, bridges and tunnels owned by Transurban Queensland.
An up-front payment of $125 million including stamp duty will mark financial close and Transurban will begin operations, maintenance and tolling services from that day.
CEO Scott Charleton welcomes the addition to the network saying, “Legacy Way delivers the critical connection between the inner northern suburbs and western suburbs of Brisbane and beyond.”
Transurban booked a net loss of $354 million for the first half of the 2015 financial year.
