Business
Sydney toll road profits grow despite pandemic as public transport usage dropped – Sydney Morning Herald
Sydney’s public transport patronage remains 43 per cent lower than February 2020, but road traffic is sitting at 98 per cent of pre-coronavirus levels.
The company operates six toll roads in Sydney alone, and is eyeing a second Sydney Harbour tunnel, set to be built by 2026.
Transurban chief executive Scott Charlton said Australia, and particularly NSW, was proving a fertile market for the tolling giant.
Commuters are continuing to use toll roads, such as the M8. Credit:Anna Kucera
Whether its toll roads or rail or whatever asset it may be, we think Australia overall and particularly NSW is one of the best places to invest in the world, Mr Charlton…
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