Business
Transurban raises $2.8b from US tollroads sale – The Australian Financial Review
Transurban will sell half its US tollroads to superannuation and pension funds to boost cash reserves and give it the financial firepower to bid for more roads.
Cash from the US tollroad sale, which Transurban flagged in early October, could also to buy the remainder of Sydney tollroad WestConnex if the company is successful in acquiring part or all of NSW governments remaining 49 per cent.
Traffic on Transurbans US tollroads, which surround Washington DC, remains subdued due to people working from home during COVID-19, the company said.
But Mr Charlton said that the US tollroads had concessions of up to 67 years and that the companys investment partners…
-
Noosa News24 hours agoLaidley e-scooter death: Tragic new details after Summah Richards killed in freak accident
-
General18 hours agoUkraine says Russia has ramped up attacks despite ‘Easter truce’
-
General17 hours agoPope Francis appears Easter Sunday to deliver blessing as recovery continues
-
General23 hours agoEaster drowning toll in NSW rises after fisherman swept off rocks in Sydney’s south