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DISCLAIMER
This publication is prepared by the Transurban Group comprising Transurban Holdings Limited (ACN 098 143 429), Transurban Holding Trust (ARSN 098 807 419) and Transurban International Limited (ACN 121 746 825). The responsible entity of Transurban Holding Trust is Transurban Infrastructure Management Limited (ACN 098 147 678) (AFSL 246 585).
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onlyThe information in this publication does not take into account individual investment and financial circumstances and is not intended in any way to influence a person dealing with a financial product, nor provide financial advice. It does not constitute an offer to subscribe for securities in the Transurban Group. Any person intending to deal in Transurban Group securities is recommended to obtain professional advice.
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u certainties and other factors, many of which are beyond the control of Transurban, its officers, employees, agents and advisors, that may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these statements. There are usually differences between forecast and actual results because events and actual circumstances frequently do not occur as forecast and their differences may be material.
BASIS OF PREPARATION
This d cument may include the presentation of results on a statutory as well as non-statutory basis. The non-statutory basis includes Proportional Results and Free Cash. Numbers in this presentation are prepared on a proportional basis unless specifically referred to as statutory or total. All financial results are presented in AUD unless otherwise stated. Data used for calculating percentage movements has been based on whole actual numbers. Percentage changes are based on prior year unless otherwise stated. Financial years are designated by FY with all other references to calendar years.
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OVERVIEW
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• Transurban has been a long-term partner to the State of Victoria since CityLink opened in 1999, investing over | ||
$11 billion on upgrades, expansions, maintenance and operating costs over time1 | ||
• The West Gate Tunnel Project is a critical infrastructure project for Melbourne, providing a vital alternative to the West | ||
Gate Bridge, which carries over 200,000 vehicles per day and regularly experiences significant congestion | ||
• The three parties to the project, Transurban, the Victorian Government (the "State") and CPB John Holland Joint Venture | ||
("D&C subcontractor"), have reached agreement on revised terms for the delivery of the West Gate Tunnel Project, | ||
including: | ||
- a new Completion Date of late 20252 | ||
- an additional contribution from all parties | ||
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- no changes to concession rights or tolling arrangements | ||
• Transurban acknowledges the situation has been disappointing for all stakeholders however we believe the agreement | ||
enables the most efficient and timely completion of the project, which Transurban believes is in the interest of all parties, | ||
Victorian road users and the broader community | ||
1. Excludes original capital investment in CityLink prior to 1999, and includes additional investment in the West Gate Tunnel Project announced today. | ||
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2. The parties will now finalise binding detailed documentation, expected to be completed in early 2022. | ||
WEST GATE TUNNEL PROJECT UPDATE | 17 DECEMBER 2021 | 3 |
LONG-TERM PARTNERSHIP
Over two decades of strengthening and supporting the economy of Victoria through transport, with the West Gate Tunnel forming an integral part of an efficient and growing world-class road network
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~75%
GATE TUNNEL PROJECT UPDATE | 17 DECEMBER 2021
increase in ADT between 2002-2019 on Western Link
1996 | |
1999 | |
2000 | |
2002 | |
2005 | |
2010 | |
increase in ADT | 2014 |
~50% between 2002-2019 | 2017 |
on Southern Link |
2018
2019
2022
- Construction commenced on Melbourne CityLink Project
- CityLink's Western Link opened to traffic
- CityLink's Southern Link opened to traffic
- Traffic on CityLink reaches ~530k transactions per day
- Tulla Calder upgrade
- Completed major upgrade of the Southern Link of CityLink
- CityLink Tulla Widening Project approved
- Completed major upgrade of the Western Link
- Completion of the Monash Freeway Upgrade
- Major construction commenced on West Gate Tunnel Project
- Completed Webb Dock access improvements
- Traffic on CityLink reaches more than 850k transactions per day
- Expected start to tunnelling on the West Gate Tunnel
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DELIVERING VALUE TO VICTORIA
Supporting the local economy
Enhancing transport outcomes for customers
Improved community livability
~$20B
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~6K
>$11B use
in estimated combined economic benefits for the State of Victoria from toll roads including CityLink and the West Gate Tunnel1
jobs created through upgrades and enhancement projects
construction jobs created on the West Gate Tunnel Project including up to 400 regional jobs
investment in upgrades, expansions, maintenance and operating costs over time including additional investment in the West Gate Tunnel Project
CityLink roads are twice as safe as like roads in | |||||||||
Victoria2 | |||||||||
Up to | travel time savings per trip expected for customers | ||||||||
20 mins | using the West Gate Tunnel3 | ||||||||
West Gate Tunnel to improve freight access through | |||||||||
direct connections to the port | |||||||||
travel time savings per trip on an average workday | |||||||||
~15mins | by using CityLink in FY21. Estimated over 200 million | ||||||||
hours of travel time savings in the past decade | |||||||||
CityLink is one of Australia's most advanced road | |||||||||
networks, leading to safer, faster, more efficient | |||||||||
trips for customers | |||||||||
partnership with NeuRA supporting the safety of | |||||||||
Victorian motorists, including research into the | |||||||||
effectiveness of child restraints and reducing | |||||||||
motorcycle crash injuries | |||||||||
encouraging trucks off local streets for two decades with discounted off-peak pricing for large vehicles
>9K | estimated additional trucks per day off local streets |
following the opening of the West Gate Tunnel | |
>25 | kilometres of new and upgraded walking and cycling |
paths across Melbourne | |
>10 | hectares of new parks and wetlands across |
Melbourne | |
raised for the RCH Good Friday Appeal through the >$19M Herald Sun/Transurban Run for the Kids, now in its
17th year
regeneration of vegetation and native habitat through long-standing partnership with Landcare and the Power Street Habitat Filter
1. | Economic contribution of Australia's toll roads-KPMG (2015) and Victoria State Government-Western Distributor Business Case (2015). |
2. | Monash University Accident Research Centre (MUARC) Crash Analysis of Transurban's Australian roads for the period FY13-FY20. |
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3. | Victorian government West Gate Tunnel Project website. |
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Transurban Group Ltd. published this content on 16 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2021 21:48:02 UTC.