Transurban FY26 Corporate Report Introduction
Project updates
Logan West Upgrade Queensland Transurban is partnering with the Queensland Government to develop plans to upgrade approximately 10 km of the western section of the Logan Motorway. 1 Early works have commenced to assess geotechnical and environmental conditions, which will be used to support the ongoing design of the motorway upgrade. If approved, the completed project is predicted to improve travel times by up to 20 minutes in peak periods,2 reduce congestion and enhance safety by removing around 6,100 vehicles from local streets. Construction on the project is expected to commence in mid-2027 and be completed prior to the 2032 Brisbane Olympic and Paralympic Games. 3
I-95 Express Lanes Bi-Directional Project Greater Washington Area
In June 2026, we entered into a Development Framework Agreement with the Virginia Department of Transportation (VDOT) to assess an enhanced Bi-Directional Project on the I-95 Express Lanes. The proposed project would add ~120 additional new lane miles (~193 lane kilometres). This represents a material enhancement of the I-95 Express Lanes, increasing its capacity by approximately 140%, delivering significant benefits to customers. The next stage of development will focus on progression of design, contractor selection, and finalising capex requirements to enable submission of a Binding Proposal to VDOT. If approved, financial close is anticipated in 2029.
M2-M7 Widening Sydney
The proposed widening of the M2-M7 is planned to expand approximately 17 kilometres of the motorway to three lanes in each direction, reducing congestion and improving network performance in Sydney’s north-west growth corridor. This project will be funded by the NSW Government, and is subject to the parties entering into agreements and the satisfaction of conditions precedent under those agreements, including planning approvals, financier consents, regulatory approvals, Direct Deal outcome and Government investment decision. Execution of formal transaction documents are expected by the second half of 2026.
M7-M12 Integration Project New South Wales
The M7-M12 Integration Project officially opened to traffic in June 2026, delivering critical connections to support a growing Western Sydney. The project has added an extra lane in each direction along 26 kilometres of the M7, creating a seamless connection to the M12 Motorway and the new Western Sydney International Airport, and saving drivers up to 39 minutes on their trip during peak travel times. 4 Project cost ~$1.7B Opened June 2026 West Gate Tunnel Project Victoria Opened in December 2025, the West Gate Tunnel links the city’s north and north east to the western suburbs. Direct connections to the Port of Melbourne have streamlined freight movements supporting Victoria’s economic growth and improving overall amenity by removing trucks from local roads in Melbourne’s inner west. 5 Project cost ~$10B Opened December 2025 495 Express Lanes Northern Extension Project Greater Washington Area Officially opened to traffic in November 2025, the 495 Express Lanes Northern Extension Project extended the existing lanes by four kilometres, reducing peak travel by up to 25 minutes, while enhancing the liveability of surrounding communities. Project cost $660M Opened November 2025
See how these projects fit into our portfolio (page 18)
1 Subject to Queensland Government approval, regulatory approvals and finalisation of contractual arrangements 2 Travel time estimate based on Transurban modelling on Logan Motorway westbound, between Beaudesert Road and Ipswich Motorway 3 Transurban is not a sponsor of the Olympic/Paralympic Games, any Olympic/Paralympic Committees or any national Olympic/Paralympic teams 4 Travel time savings between Rooty Hill and Campbelltown via the M7 southbound during the afternoon peak. All times are averages and are estimates based on Transurban modelling data for an average weekday peak periods 5 We continue to work through technical closeout, defects and resolution of any commercial matters. We note that claims are not unusual at the end of a project and any claims, if received, would be assessed in accordance with the contractual framework
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