Transurban lifts toll revenue Mitchell Neems32 min ago IndustriesConstruction and EngineeringInfrastructure Transurban has increased its toll revenue on both a statutory and proportional basis in the March quarter, buoyed by the continued strength of its Sydney network.
Total toll revenue in the quarter on a statutory basis was $221.7 million, a 12.9 per cent increase on the $196.4m posted in the previous corresponding quarter.
On a proportional basis, which Transurban believes is the most accurate reflection of the portfolio’s performance, total toll revenue was $273.8m, a 12.7 per cent lift on the $243.0m recorded in the March 2013 quarter.
Transurban said its Sydney network continues to deliver a strong performance, reflected in the continued growth in the north-west corridor from the M2 upgrade.
Average traffic growth across Westlink M7, Hills M2 and Lane Cove Tunnel was 10.9 per cent for the quarter, Transurban said.
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