roads

Prime Minister Giuseppe Conte softens threat to nationalise all concessions but warns of ‘a clear signal of change’ to how they are operated.

The authorities are also demanding resignations and considering fines for operator Autostrade, following the incident in Genoa which killed at least 37 people.

The group’s access to detailed traffic information is at the core of the Australian watchdog’s concerns as it vies with IFM Investors to win approval for the project.

To meet today's deadline, the Transurban-led team had to submit a conditional bid for WestConnex without knowing if it will receive clearance from the competition watchdog in September.

The ACCC’s continued competition concerns and the postponement of its decision until September could also delay the sale process of the toll road operator, with final bids due on 23 July.

The Australian watchdog is concerned that a Transurban-led win for could result in decreased competition among existing toll roads as well as for future concessions.

Purchase sees Transurban move into second market in North America.