This Month
Haul road closure triggers billion dollar debt worries at MinRes
Workplace safety authorities are investigating the crucial link between the miner’s Pilbara iron ore operations and port, raising new questions about shipments.
February
Atlas Arteria tries to claw back $20b in lost returns on US toll road
The ASX-listed company, partially owned by IFM Investors, says the state of Virginia tried to force the Dulles Greenway toll road near Washington DC into bankruptcy.
Transurban looks to NZ, US after $15m interim net loss
The toll road group would consider opportunities with “right partners, right structures” in New Zealand after legal costs ate into interim profits.
The ‘too big, too expensive’ takeover target that drives bankers nuts
A $60 billion-plus takeover has never been seen in Australia. So, why are some investors talking about the ASX’s Transurban as a potential target?
Investors say ‘saleable’ Transurban is shaping up as a buyout target
The toll road giant is one of the few infrastructure plays remaining on the ASX. A lacklustre share price has some fund managers thinking its time has come.
January
Trump White House promises ‘massive’ infrastructure announcement
White House press secretary Karoline Leavitt said the news would “prove that the world knows that America is back”.
PM ignored independent adviser on Queensland road spend
A bypass project that Anthony Albanese visited to spruik a $7.2 billion Bruce Highway outlay had failed a cost-benefit assessment by Infrastructure Australia.
November 2024
How toll road ‘beeps’ became Australian infrastructure’s hottest issue
Politics and business are colliding in Australian infrastructure. Do we really believe in miracle “win-win” scenarios?
Seller’s remorse casts shadow over infrastructure needs
Privatising roads and ports gave state governments plenty of cash to fund new work. But NSW’s struggle with $64 toll roads shows there is a long tail of consequences.
October 2024
How cargo bikes are replacing courier vans (and fixing congestion)
They are delivering blood samples for hospitals and documents for law firms, doing more of the heavy lifting that makes London tick.
Goodbye Sydney: warehouse owners priced out of town
The resulting transport and storage charges will flow on to the cost of living in Sydney, even to the cost of building a new home.
September 2024
OPTrust’s bus operator Kinetic juices up forecasts for $4b-plus sale
The business’ geographical expanse – it owns Melbourne’s SkyBus as well as London’s red double-deckers – has befuddled investors and sparked expectations of a breakup.
Transurban’s plan on the table in Sydney toll fare overhaul
Investors are optimistic that the toll road group’s preferred option will be a serious bargaining chip as NSW prepares to overhaul Sydney’s motorway fares.
End of the road for Dulles Greenway’s 40pc toll increase
Atlas Arteria’s aspirations to push up tolls on its US road have been dashed after a regulator ruled out the hefty increase.
August 2024
New French fossil fuel tax clips Atlas Arteria’s profit
The motorway group’s interim profit slid 16 per cent despite making more money from tolls, as the introduction of the levy hits the bottom line.
Qantas case a timely warning for money-spinner Transurban
The flying kangaroo’s drama is relevant for Australia’s dominant toll operator, which is returning more cash than ever to investors despite political pressure.
July 2024
King sets up infrastructure project review amid CFMEU scandal
Infrastructure Minister Catherine King has directed her department to review major construction projects including the Western Sydney Airport and Inland Rail.
Transurban’s Queensland office shake-up leads to departures
The branch, which manages six toll roads, is losing more senior staff following a restructure and investigation into whistleblower complaints.
Sydney’s toll road overhaul is set to target the rich
Drivers who live in some of the city’s priciest suburbs may pay extra, but the benefits of reducing fares on many of its other motorways will be worth it.
Transurban contracts have ‘concerning’ lack of transparency: inquiry
The findings of a NSW parliamentary probe called after the opening of the Rozelle Interchange comes ahead of a government review into Sydney’s toll road system.