Transurban Group
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| Public company | |
| Traded as | ASX: TCL |
| Industry | Infrastructure and development |
| Founded | 1996, Melbourne |
| Headquarters | 727 Collins Street, Melbourne Melbourne |
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Key people
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Scott Charlton – CEO |
| Products | CityLink, Westlink M7, M2 Hills Motorway, M5 South Western Motorway, Cross City Tunnel, Lane Cove Tunnel, Eastern Distributor, Gateway Motorway, Logan Motorway, Clem Jones Tunnel, Go Between Bridge, Legacy Way, Airport Link, Brisbane, 495 Express Lanes, 95 Express Lanes |
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Number of employees
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1500 |
| Website | transurban |
Transurban is road operator company that manages and develops urban toll road networks in Australia and North America. It was founded in 1996 and is listed on the Australian Securities Exchange (ASX).
In Australia, Transurban is the full owner of CityLink in Melbourne, which connects three of the city's major freeways; and has stakes in six tolled motorways in Sydney, and, in six of the six go via network tolled motorways in Brisbane.
In the Unites States, Transurban has ownership interests in the 495 Express Lanes on a section of the Capital Beltway around Washington, DC. It also has an interest in the connecting 95 Express Lanes project on Interstate 95.
Transurban was included on the Dow Jones Sustainability Index (DJSI) World List from 2006 to 2010 and on the DJSI Asia Pacific List from 2011 to 2015.
Transurban has an interest in 16 urban motorways in Australia and the United States.
The CityLink contract was awarded in 1995 by the Victorian government to a consortium of Australia's Transfield Services and Japan's Obayashi Corporation. Transurban was formed to operate the CityLink contract.
The specifications called for a tolled freeway to augment two existing freeways and the construction of two new toll roads – labelled the Western and Southern Links – directly linking a number of existing freeways to provide a continuous, high-capacity road route to, and around, the central business district, using electronic toll collection technology, called e-TAG. The total value of the project was estimated in 1996 at about $1.8 billion, and the 34-year concession to operate the road expires in 2034.
The road was built between 1996 and 2000. The first of the sections opened to traffic in August 1999, with tolling commencing on 3 January 2000 before final completion occurred on 28 December 2000 with tolling commencing the same year.
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Wikipedia