Business performance
Rozelle interchange operations This year also marked the full completion of the WestConnex project, with the final stage - the Rozelle Interchange – opening to traffic in November 2023. Delivered by the NSW Government and now operated by Transurban, the Interchange has unlocked new journeys for Sydney motorists and resulted in faster journeys for people travelling between the CBD and the west and south-west of Sydney. For example, a journey from Parramatta to the city is now 15 minutes quicker, a reduction in travel time of over 30%; and a trip from Liverpool to the city now takes approximately 40 minutes, also a 10-minute saving. 1 Acknowledging the congestion that has been experienced on surface roads in the surrounding areas of the Rozelle Interchange since opening, we continue to support Transport for NSW (TfNSW) to familiarise customers with the final section of WestConnex. This includes providing WestConnex travel time data to the TfNSW website and providing customer communications to help motorists and commuters plan their journeys and assist them in avoiding periods of heaviest traffic flows. Seeing progress up close Work on the West Gate Tunnel in Melbourne continued to progress this year, with government joining us on site to celebrate major milestones. Then-Victorian Premier Daniel Andrews visited Footscray Road to witness a giant 1400-tonne crane lifting the final piece of the new elevated freeway into place, and Victorian Premier Jacinta Allan also visited site to celebrate the completion of the tunnels’ road deck. For more on the West Gate Tunnel Project, see page 20. Touring our traffic control rooms was another way our stakeholders got to experience the advanced technology that drives our operations.
Government stakeholders including Federal and State Ministers and MPs visited our Victorian, Queensland and NSW traffic control rooms in FY24, to learn more about the technology we use to provide a safer, faster journey for drivers, and improve the efficiency of our operations. We were also pleased to host government stakeholders at the Transurban Road Safety Centre at NeuRA, to learn about the important safety research this facility does. Increasing capacity on our Express Lanes In FY24, Virginia state and US federal officials joined Transurban to officially open the mainline roadway of the 95 Express Lanes Fredericksburg Extension. This USD670 million project picks up where the 95 Express Lanes previously ended, seamlessly connecting Washington, DC to communities nearly 80 kilometres south in Fredericksburg, Virginia. In November 2023, 95 Express Lanes LLC – in which Transurban indirectly holds a 50% interest – signed a development framework agreement with the Virginia Department of Transportation to explore the development and construction of additional off-peak lane capacity on the 95 Express Lanes. The project is expected to address existing congestion and provide further choice and time savings to Transurban’s express lane customers. We also made our fifth annual contribution, this year of USD16.5 million, to the Northern Virginia Transportation Commission’s Commuter Choice Program. 2 Our total investment is now just shy of USD80 million – and has helped fund new infrastructure and improvements across bus lanes, park and ride lots and commuter rail services.
1 B ased on WestConnex travel-time savings post-opening of Rozelle Interchange during AM peak of 6am-10am, using TomTom congestion data. Individual travel times, alternative trips and travel savings may vary based on specific origin, destination and traffic conditions at the time of travel. Pre-Rozelle Interchange opening travel times based on traffic from 20 to 23 November 2023 2 T he program promotes multimodal investments along our 395 and 95 Express Lanes corridors
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