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Roads

Yesterday

New road, rail spending slumps as Labor tells premiers to cut back

Just eight new projects valued at $6.6 billion were added in 2022-23, a sharp decline on the 24 projects valued at $25.3 billion added the year prior.

  • Ronald Mizen

This Month

Owners of EastLink will collect first-round bids in late November.

France’s Vinci test drives banks for EastLink tilt; Transurban digs in

Paris-headquartered concessions player Vinci Group has begun meeting with investment banks for a potential buy-side mandate.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Michelle Jablko has succeeded Scott Charlton as Transurban’s CEO.

New Transurban boss Michelle Jablko wants to reward drivers

The CEO plans to offer incentives such as car hire and car wash discounts for users of the toll road group’s Linkt accounts to encourage motorists to keep paying for its roads.

  • Jenny Wiggins

Why NZ’s likely new PM channels Mark McGowan

The man widely tipped to become New Zealand’s next prime minister says he’s looked to Australia to develop many of his signature policies.

  • Tom Rabe
Melbourne’s EastLink toll road.

Allons y! ACCC ruling lures offshore investors to EastLink

Interested parties have taken this to heart and it appears there’s a new gorilla in the auction.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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UniSuper and HESTA were the only big super funds to have “a meaningful amount” of their total funds under management in sustainable options.

Green energy transition will need ‘mountain of regional relocation’

Worker shortages in regional areas risk delays and budget blowouts in the push to turbocharge green energy projects, according to analysis by Infrastructure Partnerships Australia.

  • Ronald Mizen
Owners of EastLink will collect first-round bids in late November.

EastLink auction speeds past ACCC pit stop; data room set to open

Prospective buyers were offered the toll road’s traffic data upon signing the confidentiality agreements.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
IFM Investors has increased its exposure to infrastructure in Mexico City

IFM to take Mexican toll road and airport operator private

The $220 billion fund manager’s global infrastructure fund has acquired the last 14 per cent of Aleatica for $708 million, and intends to delist the company.

  • Matthew Cranston

September

French toll road Autoroutes Paris-Rhin-Rhone is Atlas Arteria’s most profitable toll road asset, contributing $557 million of earnings in the six months to June.

Atlas Arteria to fight new French motorway taxes

Toll road group Atlas Arteria’s lucrative French motorway could be hit with a new annual tax of almost $200 million after the French government released its 2024 budget.

  • Jenny Wiggins
Truck driver Frank Black, is struggling to pay the cost of fuel as prices rise.

‘Basically working for nothing’: Truckies crushed by fuel price surge

Veteran Sydney truck driver Frank Black says many operators are struggling to meet the costs of surging fuel prices.

  • Tom Rabe
Transurban, which operates CityLink (pictured), is looking to buy the EastLink tollroad.

Abertis lines up bankers for EastLink tilt after Transurban knock back

Bad news for the fifty-strong team advising the ASX-listed infrastructure giant after the competition regulator said it would oppose any acquisition.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Transurban CEO Scott Charlton will run Australia’s biggest infrastructure asset, Sydney Airport, from December.

Charlton move shows private capital is coming for shiny ASX bosses

Transurban boss Scott Charlton is a big fish in a small pond. Going to run Sydney Airport will take him away from the ASX boards, but not from the public’s view.

  • Anthony Macdonald
Major cost blowouts mean the Albanese government is on the hunt to scrap infrastructure projects.

Labor accused of hypocrisy over road, rail project cuts

Infrastructure Minister Catherine King is gearing up to scrap or delay dozens of projects after an audit found a $33 billion blowout in the infrastructure pipeline.

  • Ronald Mizen

August

The Chicago Skyway is Atlas Arteria’s latest acquisition.

Atlas Arteria profit up 17pc as toll roads get inflation boost

The tollroad group has been able to push through big increases in fares but has warned its lucrative French road could be more heavily regulated in future.

  • Jenny Wiggins
Ms Jablko takes over as Transurban’s chief executive from Scott Charlton at the company’s annual general meeting in October.

New Transurban CEO Michelle Jablko will be ‘smart and disciplined’

Outgoing Transurban chief executive Scott Charlton says there will be no loss of momentum when he leaves the $43 billion toll road group in October.

  • Updated
  • Jenny Wiggins
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Michelle Jablko spent 20 years in investment banking before moving to ANZ and Transurban.

Jablko ushers in new era for Transurban

Michelle Jablko will be able to use her skills and the toll-road group’s stored-up soft power to extract more from governments and create more value for investors.

  • Anthony Macdonald
Transurban, which operates CityLink (pictured), is looking to buy the EastLink tollroad.

EastLink auction kick off delayed by two months; eyes on ACCC decision

The ACCC fears are hanging thick in the air. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport

July

Spain’s ACS has committed to funding toll road operator Abertis so it can bid for more roads like EastLink.

Spain’s ACS confirms Abertis wants Australian toll roads

The Spanish owner of CIMIC, Australia’s biggest construction group, wants to use its stake in Abertis to expand into tolling motorways in Australia.

  • Jenny Wiggins
The Asian Infrastructure Investment Bank was established by Chinese President Xi Jinping in 2016 as an alternative to the World Bank.

Whistleblower urges Australia cut ties with ‘Chinese Communist’ bank

Bob Pickard quit the Asia Infrastructure Investment Bank, complaining its upper ranks were dominated by Chinese Communist Party members.

  • Andrew Tillett
Transurban boss Scott Charlton would be hoping to get his hands on the majority stake in EastLink before his retirement by end of 2023.

EastLink auction gears for kick-off despite Transurban’s ACCC pothole

Melbourne toll road EastLink’s $2 billion odd majority-stake auction is expected to kick off as early as July.

  • Sarah Thompson, Kanika Sood and Emma Rapaport