Transurban is preparing to buy or fund new toll roads it says governments will need to aid their economic recovery from the coronavirus downturn, but has signalled this may come at the expense of plump shareholder dividends.
Mr Charlton said leading projects were the NSW government's 49 per cent stake in Sydney's WestConnex, for which it has right of first offer, Sydney's Western Harbour Tunnel, Brisbane's Coomera Connector and the Maryland Express Lanes project and Elizabeth River Crossings in the Greater Washington Area.
Macquarie analyst Ian Myles said this more conservative dividend policy gave management more flexibility to pursue new investments on the other side of the crisis."If they don’t need the capital, they can give it back to their shareholders," he said. "But when you've got large amounts of growth opportunities, this is just a more efficient approach."
They should be banned from Victoria until the Andrews government is removed given the very close relationship between them and the government.
All supported Andrew's labor government spending more than their earning for four years while blowing Billion$......Its time to pay the Bill$. Stop whinging or piss off to Sydney.
They are a disgrace. Absolutely no consideration for better urban environments and a better way of moving people and freight.
Is anyone surprised ? Profits before People.
Disgraceful