Transurban Completes M7-M12 Project and Updates Traffic
Key points
- Completed M7-M12 Integration Project, enhancing Western Sydney travel
- Traffic update shows 0.1% growth in May, influenced by macroeconomic factors
- Sale of A25 concession to La Caisse finalized for CAD 280 million
Full summary
Transurban announces the completion of the M7-M12 Integration Project, enhancing travel times and capacity in Western Sydney. The project, which opened to traffic on June 14, includes a 26-kilometer widening of the M7 Motorway and a new interchange. Traffic updates show a 0.1% growth in May, with Sydney traffic up 0.1%, Melbourne up 1.7%, and Brisbane down 3.2%. Commercial vehicle traffic increased by 4.0% across Australian markets. Transurban also finalized the sale of its A25 concession in Montreal to La Caisse for CAD 280 million, supporting other North America growth initiatives.
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