Transurban buys Lane Cove Tunnel

The Australian toll road operator has picked up the distressed road for A$630m – almost A$1bn less than the original consortium paid for it three years ago. Canadian pensions CPPIB and OTPP, which are bidding for Transurban, are reportedly angry with the purchase as they plan to meet with Transurban today to discuss a revised takeover bid.

To view this content, you need to sign in.

You should only be asked to sign in once. Not the case? Click here

Register now to access this content and more for free.

Share this