Renewable energy boom stealing money from roads, says Transurban CEO
Transurban will focus on expanding existing toll roads rather than building new ones because of the boom in renewable-energy projects and high construction and finance costs, chief executive Scott Charlton said.
“In the near and medium term, most of the development is likely to be off the back of the existing assets,” Mr Charlton told The Australian Financial Review after the company’s investor day in Sydney.
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