Transurban shows average daily traffic up 3.3%

Company News

by Rachael Jones

Road operator Transurban (ASX:TCL) released its September quarter 2018 update showing Average Daily Traffic increased by 3.3 per cent, with growth across all markets.

The report also showed during the quarter, as part of a consortium Transurban reached financial close to acquire 51 per cent of WestConnex from the NSW Government.

They successfully raised $4.8 billion of equity to fund the acquisition with $4.2 billion from a fully underwritten accelerated pro rata entitlement offer and a further $600 million of securities being placed to Transurban’s consortium partners.

Shares in Transurban (ASX:TCL) closed 0.09 per cent lower to $10.95 yesterday
 

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.