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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Transurban Group    TCL   AU000000TCL6

TRANSURBAN GROUP

(TCL)
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Transurban Group : Pricing, innovation the key to efficient city transport networks

09/06/2012 | 10:26pm EST
Transurban Group

Transurban Holdings Limited

ABN 86 098 143 429

Transurban Holding Trust

ARSN 098 807 419

Transurban International Limited

ARBN 121 746 825

7 September 2012

Pricing, innovation the key to efficient city transport networks

Network road pricing is inevitable to manage increasing congestion on city motorways and to facilitate more efficient transport networks, says Transurban CEO Scott Charlton.
In a speech to the Infrastructure Partnerships Australia's annual conference in
Melbourne today, Mr Charlton urged governments to use every lever possible

Melbourne (registered office)

Level 3, 505 Little Collins Street

Melbourne Vic 3000 Australia

Telephone +61 (0)3 8656 8900

Facsimile +61 (0)3 9649 7380

Sydney

Level 5, 50 Pitt Street

Sydney NSW 2000 Australia

Telephone +61 (0)2 9254 4900

Facsimile +61 (0)2 9254 4990 www.transurban.com

from user charges to diverse funding sources to innovative solutions such as tolled express lanes.
"There is no perfect system. We need to be pragmatic and get on with what we can do now in order to provide meaningful progress against transport congestion," said Mr Charlton, who joined Transurban in July 2012 but has been in the infrastructure sector for more than 20 years.
"That could mean anything from cheaper night tolls for trucks to high-tech freeway management systems to corridors shared with public transport options to integrated transport network pricing."
Mr Charlton said that public transport had to be included in any network pricing scheme to ensure fairness and real choices for the travelling public.
Network road pricing would also simplify user charges, making them more consistent and transparent.
Mr Charlton pointed out that most utilities had peak and off-peak pricing, which the public accepted, while road pricing remained a sensitive issue.
However, to make the most efficient use of our motorways and promote public transport, time-of-day pricing was worth considering, he said.
Another option would be innovative use of motorways such as in Transurban's 495 Express Lanes project in the
United States, where electronically tolled lanes have been built alongside the existing freeway lanes.
"It's a great example of a pragmatic approach - and one that could work well in an Australian context," he said.
Mr Charlton said public attitude appeared to be shifting towards an acceptance that some tough decisions needed to be made to fund infrastructure, manage demand and promote public transport alternatives.
"Governments are making great progress in getting priorities right and setting out visions for long-term transport plans. But now is the time to get moving. We know the cost of sitting on our hands - and it is way too high,'' Mr Charlton said.

Media enquiries

Wesley Ballantine +61 (0)3 8656 8904
General Manager, Investor Relations, Media and Government

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© Publicnow 2012
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Sales 2021 3 420 M 2 636 M 2 636 M
Net income 2021 -62,8 M -48,4 M -48,4 M
Net Debt 2021 19 632 M 15 133 M 15 133 M
P/E ratio 2021 -525x
Yield 2021 3,01%
Capitalization 35 411 M 27 250 M 27 296 M
EV / Sales 2021 16,1x
EV / Sales 2022 14,7x
Nbr of Employees 1 700
Free-Float 93,7%
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Number of Analysts 14
Average target price 14,44 AUD
Last Close Price 12,94 AUD
Spread / Highest target 29,4%
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Managers and Directors
NameTitle
Louis Scott Charlton Chief Executive Officer & Executive Director
Lindsay Philip Maxsted Chairman
Thomas Patrick McKay CFO, General Manager-Treasury & Capital Markets
Simon Moorfield Group Executive-Customer & Technology
Neil Gregory Chatfield Independent Non-Executive Director