Transurban achieves growth across all markets in March Quarter 2019

Company News

by Anna Napoli

Transurban (ASX:TCL) says average daily traffic (ADT) for the March quarter 2019 rose 2.3 per cent, with growth achieved across all markets.

In Sydney, the new M4 tunnels are nearing completion with final commissioning works underway. Opening is scheduled for mid-2019.

Melbourne works continued on the West Gate Tunnel Project in preparation for tunnelling to commence mid-year. For the quarter Melbourne average daily traffic increased by 3.1 per cent to 856,000 transactions.

Meantime, in North America progress on the 395 Express Lanes continued through the quarter, with the project now over 55 per cent complete and expected to open late 2019.

For the quarter, North America ADT increased by 2.9 per cent to 136,000 trips.

Shares in Transurban (ASX:TCL) are trading 0.22 per cent lower at $13.33.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.