Acquisitions boost Transurban revenue

Transurban's toll revenue for the June quarter lifted 71 per cent to $400 million.

Acquisitions in Queensland and NSW have significantly boosted toll road operator Transurban's traffic numbers and revenue.

Transurban's toll revenue in the June quarter lifted 71 per cent from the same period a year earlier to $400 million.

Transurban Queensland, known as Queensland Motorways before Transurban acquired it in July 2014, and Sydney's Cross City Tunnel, which Transurban bought in late June 2014, helped lift revenue.

Excluding the acquisitions, toll revenue for the quarter increased 22 per cent to $286 million.

Transurban Queensland includes the Clem Jones Tunnel, Go Between Bridge, Gateway Motorway, Logan Motorway and Legacy Way - all in Brisbane.

Average daily traffic on those Brisbane assets increased five per cent to 308,000 trips in the June quarter.

Legacy Way only opened to traffic on June 25, so its traffic and revenue had no material effect on Transurban's overall figures.

In Sydney, average daily traffic rose 8.7 per cent to 593,000 trips, helped by the absence of construction works that were needed to upgrade some roads.

Transurban's Sydney assets include the M2, Lane Cove Tunnel, Cross City Tunnel, Eastern Distributor, M7 and M5.

Average daily traffic increased 13 per cent on the M5 and 10 per cent on the M2, after widening and ramp projects boosted capacity.

In Melbourne, Transurban's CityLink toll road average daily traffic increased by 3.1 per cent to 815,000.

Transurban securities fell two cents to $9.65.


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Source: AAP


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