Toll road giant eyes $10b pipeline as West Gate Tunnel and Sydney projects near completion
Australia’s biggest toll road operator says it is actively exploring another $10 billion in potential opportunities as key projects in Melbourne, Sydney and the US state of Virginia near completion.
Transurban chief executive Michelle Jablko told the company’s annual general meeting on Wednesday that it was partnering with the Queensland government to improve a 10km western section of the Logan Motorway, with construction planned to start in mid-2027 if the state approves the project late in 2026.
Transurban is also looking at upgrading an 18km stretch of highway in Virginia in the United States and is part of a consortium exploring new projects in Atlanta and Nashville, Ms Jablko said.
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Transurban has nearly $13 billion worth of projects opening in the next 12 months, including one to widen the M7 motorway in Western Sydney and connect it to the M12 and the future Western Sydney Airport.
The company is also in the final stages of the West Gate Tunnel project in Melbourne, which will open to traffic on October 27, providing a new route for motorists in the west to travel into the Docklands and the CBD.
“Projects like these are naturally complex, and not done until they’re done,” Ms Jablko said.
“But we’re looking forward to easing congestion in Melbourne’s west.”
Ms Jablko said that Transurban was continuing to work with the NSW government on toll reform in Sydney to deliver a solution that was positive for the city while also protecting the significant investment that Transurban and its partners had made in Sydney’s road network.
“We’re optimistic we’re getting closer to a solution in the coming months,” she said, without giving details.
Transurban said that in the September quarter, average daily traffic on its toll roads was up 1.7 per cent in Sydney, 3.2 per cent in Melbourne and 2.6 per cent in Brisbane, compared to a year ago.
North America was the real standout, however, with traffic up 6.8 per cent. Overall, daily traffic on Transurban’s roads grew 2.7 per cent.
A little after midday on Wednesday, Transurban shares were down 0.4 per cent to $14.08.
