Transurban has ownership and management interests in toll road assets in Melbourne, Sydney, Brisbane and Northern Virginia.
These assets include wholly owned subsidiaries as well as partnerships in which Transurban has a percentage of ownership. Assets that we own vary in whether Transurban has direct day-to-day operational control of the roadway or whether this role is filled by operations and maintenance contractors.
Transurban also makes significant use of contractors in the construction and upgrade phase of major projects. Construction projects are typically completed by a major contractor and then passed over to Transurban after completion.
These varied arrangements are common in major infrastructure and also reflect the long period over which Transurban has developed new assets and acquired pre-existing operations.
Wherever possible, we have tried to report performance data from across all our assets and contractors, including data from construction and upgrade projects. Any omissions and exceptions to this scope have been stated in the relevant sections.
The assets and projects included in this report are:
Western Distributor (proposal)
Lane Cove Tunnel
Cross City Tunnel
M5 South West Motorway
Go Between Bridge
Gateway Upgrade North
495 Express Lanes
95 Express Lanes
Changes in scope
The most significant change in scope for Transurban in FY15 was the addition of the Queensland Motorways business and assets, now operating as Transurban Queensland. Financial closure of this acquisition occurred in July 2014 and so this is our first full year of reporting to include the Queensland business.
Sydney’s Cross City Tunnel was acquired by Transurban in June 2014 and so this is also the first year it has been included in our report.
During the FY15 reporting period, two of our major road assets also progressed from construction to opening: the 95 Express Lanes in Virginia, and Legacy Way in Queensland. This will be reflected in our reporting over time as these assets are now in operation.