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Transurban Group Provides Update on March 2018 Quarter

16 Apr 2018  |  09:04:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: March Quarter Update 2018

Transurban Group provided update on March 2018 quarter. During the period, Average Daily Traffic (ADT) increased by 2.7%, with growth across all Australian markets. Traffic growth for the quarter was impacted by the timing of the Easter holiday period. Its development projects continued to progress throughout the quarter. In addition, the Company reached agreement in March 2018 to acquire the A25 in Montreal for C$840m. The asset is comprised of a 7.2 kms toll road and bridge and connects to one of the fastest growing areas of Montreal. The acquisition provides access to a second North American market with a growing population. It will assume responsibility for the management and operations of the A25 after financial close, which is targeted for Q4 FY 2018.

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