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The Latest Breaking News from Transurban

News Corp, Santos, Qantas and other tax dodgers make up the usual suspects in latest tax data

News Corp, Transurban and Santos are yet again Australia’s top tax dodgers, the latest tax data shows, while the big miners paid full freight.

Crikey

Transurban eyes raising dividend as toll traffic rises

Transurban says it expects to raise its 2024/25 distribution by five per cent, after making $2.6 billion in operating earnings in 2023/24.

AAP

Sydney tollway overhaul 'chance to fixed flawed system'

Lower and uniform charges have been recommended across all of Sydney's motorways after a sweeping review of the harbour city's "unfair" toll road system.

AAP

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Tolls should be higher on harbour bridge and tunnel to help cut prices in western Sydney, report says

Independent review recommends government establish NSW Motorways management body that could rejig city-wide toll settings

The Guardian - AU

Troubled interchange's design 'financially motivated'

Sydney's controversial "spaghetti junction" suffered from a focus on maximising financial return over the public interest, an inquiry has found.

AAP

‘Unreasonable and unacceptable’: inquiry condemns traffic chaos created by Sydney’s $3.9bn Rozelle interchange

Committee also finds ‘concerning lack of clarity and transparency’ between government and toll road owner Transurban

The Guardian - AU

Toll roads charge too much yet we don’t have enough of them. To fix both things, NSW should buy their private owners

There’s nothing wrong with tolls on roads. Designed well, they can both pay for roads and ensure they are used efficiently.

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West Gate Tunnel builders sue over 'design errors'

A contractual dispute over Melbourne's trouble-plagued West Gate Tunnel is headed to court, with the project's builders seeking damages for "design errors".

AAP

Legal threat as asbestos-park hit by algae outbreak

An area of Sydney parklands found to contain asbestos will stay closed after a blue-green algae bloom was found in wetlands managed by toll company Transurban.

AAP

Big business in Australia faces less competition than almost anywhere else – and likes it that way

There are calls to break up the supermarkets, but divestiture powers could be more useful in other sectors of the economy

The Guardian - AU

It is time to seize Transurban! Governments must fix the toll road monster they created

Transurban’s market dominance is the result of foolish politicians and bureaucrats working with greedy corporations. Time for a radical intervention by the governments that created the problem.

Crikey

Transurban half-year earnings up 7.5pct to $1.3b

Toll road operator Transurban says it had growth in all the markets it operates during the six months to December 31.

AAP

‘A tsunami of traffic chaos’: the new Sydney motorway prompting calls for a royal commission

Top expert says bungled opening of Rozelle interchange is bad enough to warrant a formal inquiry into the $20bn WestConnex project

The Guardian - AU

Westconnex: a $20bn money pit or a bold plan for Sydney’s future? Experts remain divided

Drivers can now travel from the Blue Mountains to the Sydney Harbour Bridge without passing a traffic light, but at what cost?

The Guardian - AU

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AAP

Transurban sees highest-ever traffic in first quarter

Transurban says 2.5 million motorists used its roads on average each day in the July to September period, up from 2.4 million in 2022/23.

Crikey

Just how bad is Dan Andrews’ financial legacy?

As the Victorian premier hangs up his hat, he leaves a state with blistering debt, project cost blowouts, and a lack of transparency.

AAP

Watchdog puts a roadblock on Transurban bid for rival

The competition watchdog has put the brakes on a move by private toll operator Transurban to take a majority share in the company that operates EastLink.

The Guardian - AU

Commuters slugged with price hikes on Sydney, Melbourne and Brisbane toll roads

Prices rise amid concerns from competition watchdog over Transurban’s proposed acquisition of Melbourne EastLink operator

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AAP

Watchdog concerned by Transurban EastLink road takeover

The ACCC has raised preliminary competition concerns over Transurban's proposed acquisition of Horizon Roads, the operator of Melbourne's EastLink toll road.

The Guardian - AU

Sydney’s road tolling system could be split into separate zones under proposed reforms

‘The most tolled capital city in the world’ may have to pay Transurban compensation, says roads minister

ABC News

Drivers lose more than $660k to toll road scam as phishing attempts surge in Australia

Toll road scams are luring hundreds of people like Heidi every week, as an expert warns fraudulent websites are becoming increasingly sophisticated and phishing attempts are surging in the wake of major data breaches.

AAP

No blind trust order for Victoria minister shareholders

Victoria's assistant treasurer will move his bank shares into a blind trust after admitting it was an error to retain them ahead of a contract announcement.

AAP

Parties back on NSW campaign trail after missteps

The NSW government and Labor opposition will hope their election campaigns steady this weekend after both major parties misfired on Friday.

ABC News

NSW MP Damien Tudehope resigns from ministerial roles after failing to disclose Transurban shares

NSW Finance Minister Damien Tudehope resigns from his ministerial positions after it was revealed he failed to disclose his superannuation portfolio contained shares in toll giant Transurban.

AAP

NSW finance minister resigns, Perrottet to take on role

The NSW premier has accepted the resignation of the finance minister after it was revealed he held shares in toll road operator Transurban.

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