News: TCL Transurban says March qtr average daily traffic rose 5.3 pct, page-11

@maan,

Everything is possible, but that an Australian state government revokes a toll road concession before the end of its contractually stipulated term (in absence of force majeure events) seems rather unlikely.

Of course, there is no certainty on the amount of future distributions; in the same way as there is no certainty on the levels of future inflation, future traffic growth, future interest rates, etc.

My investment rationale for TCL lies in the fact that its securities, to me, look like a much, much better return proposition than a long-term Australian Treasury Indexed Bond, which as of today is sporting a real yield of 0.82% pa out to 2040.

So, if you do like having long-duration inflation assets in your portfolio in the current environment (or at all), this looks like a more appealing choice.

IMHO & DYOR