Transurban, Macquarie win $5b US road project
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Transurban chief executive Scott Charlton said he was confident the US would recover from the global pandemic after the roads group and its partner Macquarie Infrastructure were named the preferred developers of a new $5 billion tollroad project in the state of Maryland.
“The pandemic is obviously something we need to deal with but eventually we’ll get through it and the long-term prospects of that region are very attractive,” Mr Charlton told
The Australian Financial Review.
Accelerate Maryland Partners, which is owned 60 per cent by Transurban and 40 per cent by Macquarie, has been selected by Maryland to develop a new tollroad project, which is known as the American Legion Bridge I-270 to I-70 Relief Plan.
Transurban says Maryland-Virginia road win sets up US expansion
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Toll road giant Transurbanâs ambitious expansion into the US has passed another milestone after it won the rights to develop a $5 billion express lane project connecting Northern Virginia and Maryland.
The $34 billion group said on Friday its consortium with Macquarieâs infrastructure arm had been awarded exclusive rights to negotiate and build the first 60 kilometre phase of the Maryland Express Lanes Project, which it had touted as one of its next major growth opportunities.
Transurban readies for buying spree with $2.8b US road sale
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Transurban readies for buying spree with $2.8b US road sale
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Transurban says the $2.8 billion sale of a 50 per cent stake in its network of American roads to three superannuation funds will bolster a war chest to bid for new growth assets likely to include the remainder of Sydney’s Westconnex.
The toll road giant’s boss Scott Charlton said on Thursday the partial sale of its roads in the Greater Washington area to AustralianSuper, UniSuper and the Canada Pension Plan Investment Board (CPP) had been on the cards for 18 months and was not a response to COVID-19.