The road operator’s longstanding chief executive Scott Charlton, who announced he will leave the company towards the end of the year, confirmed Transurban’s interest in scooping up any portion Eastlink – a 39 kilometre motorway running through key suburbs in Melbourne’s east and south owned by a consortium of funds under the ConnectEast banner, some of which are considering divesting.Credit:“Some of the shareholders are potentially looking to exit and are talking to advisors,” Charlton said.
Average workday traffic in Sydney increased by 40.3 per cent and weekend/public holiday traffic rose 77.9 per cent. Melbourne’s workday traffic was up 38.5 per cent and weekends 71.8 per cent. Transurban raised forecasts for distributions to its investors based on the positive outlook and said Charlton will depart at the end of the calendar year after 11 years at the $43 billion company.
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