Revenue ($m) 2886.0, down 8.9pc from year-earlier 3169
Pre-tax profit ($m) -480.0, down 98.3pc from year-earlier -242.0
Net profit ($m) 3303.0 compared with year-earlier loss of -111.0
Final dividend (¢) 21.5, up from year-earlier 16c, and payable on August 23
The cost of building Melbourne’s new West Gate Tunnel has soared to at least $10 billion as a stoush between Transurban, two builders and the Victorian government over who should stump up billions of dollars to finish the troubled project heats up.
Transurban, which pitched the tollroad to the Andrews government in 2015 to ease Melbourne’s traffic congestion, has finally put a price of $3.3 billion on the cost of completing the troubled tunnel, which was initially proposed at a fixed price of $6.7 billion.
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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
