Revenue of Transurban's roads on the up

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This was published 16 years ago

Revenue of Transurban's roads on the up

Toll road operator Transurban Group has recorded increases in revenue and traffic numbers for the June quarter at all of its toll roads in Australia and the US.

Among the group's roads, the Westlink M7 in western Sydney had the highest jump in June quarter revenue, rising 20.7 per cent to $38.2 million compared to the corresponding previous period.

Average daily trips on the M7 rose 16.8 per cent with workday trips jumping 18.1 per cent in the three months to June on the toll road, of which Transurban owns 47.5 per cent.

The Melbourne CityLink was the group's biggest earner for the year ended June 2007, returning $331.5 million, an increase of 8.8 per cent, with traffic volume rising 3.1 per cent over the year.

Revenue in the June quarter for the Melbourne CityLink rose 9.7 per cent, to $85.7 million, compared to the previous period, with average daily traffic volume up by 3.7 per cent.

Among the other toll roads in the group, June quarter revenue for the Hills M2 in north-western Sydney jumped 18.7 per cent to $29.0 million compared to the previous period, despite the number of vehicles using it rising only 4.2 per cent.

The rise in revenue is attributed to increases in tolls.

A 15.15 per cent rise in the toll for cars had revenue for the M5 in south-western Sydney up 15.4 per cent, to $37.6 million, despite only 1.4 per cent more vehicles using the road.

The Eastern Distributor in Sydney rose 5.4 per cent to $17.6 million compared to the previous period on a traffic volume increase of 5.6 per cent.

Earnings from Sydney's M4 were up 3.3 per cent, while revenue from the group's 13.7 kilometre Pocahontas Parkway in Virginia, USA, rose 6.0 per cent.

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