Delivering on strategy | Contents
Investment partners Our global road operator expertise and our project delivery capability attract quality investment partners.
We have seven investment partners across 17 assets (Figure 2). Our investment partners operate or own infrastructure assets across the globe and have more than $2.1 trillion in collective funds under management or net assets.
Our partners include leading global pension funds and infrastructure investors. The direct asset funding our investment partners provide enables us to access new markets and assets, with less reliance on the Transurban balance sheet.
Figure 2 – Our investment partners Investment partnership
Partners
Assets
Transurban, AustralianSuper, CPP Investments, La Caisse and Platinum Tawreed Investments
Sydney Transport Partners
WestConnex
Airport Motorway
Transurban, IFM Investors and UniSuper
Eastern Distributor
NorthWestern Roads Group
Transurban, CPP Investments and QIC
Westlink M7, NorthConnex
Transurban, AustralianSuper, CPP Investments and UniSuper
495 Express Lanes, 95 Express Lanes, 395 Express Lanes 1,2
Transurban Chesapeake
Skawanoti
Transurban and La Caisse
A25
AirportlinkM7, Clem7, Gateway Motorway, Go Between Bridge, Legacy Way, Logan Motorway
Transurban, AustralianSuper, Platinum Tawreed Investments
Transurban Queensland
Our investment proposition
Supportive long-term trends Population and mobility trends supporting expected long-term traffic growth in all markets
High-quality asset portfolio Customer base of 11.3 million across five diverse regions, containing 22 high-quality assets, delivering underlying Free Cash to support distributions 3
Inflation-linked toll escalations Embedded fixed and CPI escalations across more than 90% of FY25 toll revenue support EBITDA and Free Cash over the life of each concession
Project pipeline supports long-term Free Cash growth Projects aligned with government including the West Gate Tunnel Project, M7-M12 Integration Project and Logan West Upgrade Project, are expected to support long-term Free Cash growth 4
Investment in innovation Targeted investment in early-stage development projects, technology and customer platforms
Balance sheet management provides near-term interest rate protection Well-managed weighted average cost of debt through active balance sheet management and hedging
1 495 Express Lanes concession includes the 495 Express Lanes Northern Extension Project (currently under construction) 2 95 Express Lanes concession includes the Fredericksburg Extension 3 Number of customers refers to the number of both account and pass holders in Australia, and individual users in North America each year 4 The Logan West Upgrade Project is subject to Queensland Government approval, regulatory approvals and finalisation of contractual arrangements
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