ACCC today consult on Transurban’s quest for WestConnex

Company News

by Rachael Jones

The ACCC is today consulting on a proposed undertaking offered by Transurban (ASX:TCL), the lead member of the Sydney Transport Partners consortium.

They are looking acquire the majority interest in the WestConnex motorway.

Transurban agrees to publish detailed toll traffic data for all toll roads in New South Wales in which it holds an interest. This data is more detailed and accurate than data that is currently available or has been shared with the bidders for WestConnex.

The ACCC released a statement of issues in May, one related to Transurban potentially having an advantage in obtaining future toll road concessions because it has access to detailed traffic data from existing toll roads.

Shares in Transurban (ASX:TCL) are trading 0.25 per cent higher to $11.98.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.