Business performance
Outlook With traffic growth underpinned by long-term population trends in all of our markets, we are confident our 10.8 million customers will
continue to see value in our roads. Ongoing progress is being made to
enhance our network in partnership with governments, as we continue to pursue growth opportunities across new and existing markets in Australia and North America. Considerable planning is already underway for the opening of the West Gate Tunnel and the 495 Northern Extension in calendar year 2025, with flow-on benefits expected for CityLink and the 495 Express Lanes respectively. Our inflation-linked tolls and strong balance sheet puts us in a robust position in the current macroeconomic climate, with the annualised benefits of the Fredericksburg Extension and Rozelle Interchange still to be realised. A continued focus on capital allocation and driving cost efficiencies supports us to take advantage of future growth opportunities, and helps us strike the right balance between long-term value creation and distributions for investors. FY25 distribution is expected to be 65 cps, 1 representing approximately 5% growth on FY24.
1 D istribution guidance is subject to traffic performance and macroeconomic factors. Any distribution will ultimately be determined by the Transurban Board
CityLink, Melbourne
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