Transurban Corporate Report FY25 Business performance
Outlook Looking to FY26, our 22 assets are major transport corridors in markets where we expect long-term macro-economic trends – including population and employment growth – to underpin sustained traffic momentum. We continue to focus on our three strategic objectives: creating value for our stakeholders, driving operational efficiency and pursuing growth. By the end of calendar year 2025, the West Gate Tunnel Project in Melbourne and the northern extension of the 495 Express Lanes in Northern Virginia are due to open. These projects will offer significant travel-time savings and safety benefits for customers and the community as well as wider economic benefits through more efficient transport routes.
Our M7-M12 Integration Project in Sydney, which will service the new Western Sydney Airport, is well progressed and expected to open in calendar year 2026. A successful outcome of NSW toll reform for all stakeholders remains one of our most important priorities. At the end of 2024, Transurban and our partners progressed to Stage 2 of the NSW Government’s Direct Dealing process. We continue to work collaboratively with the Government on a range of options which could positively contribute to toll reform outcomes for customers. In FY26, we expect to realise further efficiencies as a result of the comprehensive workforce review, which aimed to set the business up to better focus on and invest in future growth areas. This includes the further streamlining of operations and a coordinated approach to asset lifecycle management and supplier contracts, while enhancing our use of technology to reduce costs.
Driving cost efficiencies such as this, and continued capital allocations, supports us to take advantage of future growth opportunities that balance long-term value creation and distributions for investors. This includes capital-light entry strategies in new markets. Our unique expertise and capabilities allow us to respond to the challenges and opportunities posed by growing cities and a rapidly changing transport sector – and, in turn, benefit communities and governments. For all opportunities, we will be clear on how they will generate long-term value and distribution growth. FY26 distribution is expected to be 69.0 cps, representing 6.2% growth on FY25.
West Gate Tunnel Project, Melbourne
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