Transurban Group
(ASX:TCL) is one step closer to acquiring Sydney’s Cross City Tunnel for about $475 million.
The toll road operator has inked a deal to buy the asset and hopes the sale will be finalised by the end of the current financial year.
Transurban has been considering the purchase of the Cross City Tunnel for some time with the tunnel having been placed into receivership a number of times.
Transurban Group reported a net profit of $80.9 million in the first half of the 2014 financial year.
