Atlas Arteria is looking for a new executive to run its US toll road, the Dulles Greenway near Washington DC, and written down the motorway's value by $163 million after traffic along the 22-kilometre route failed to meet expectations.
The Dulles Greenway write-down deepened Atlas Arteria's first-half net loss to $87.6 million from $15.5 million a year earlier.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
