TCL 0.84% $11.86 transurban group

M2-M1 twin tunnels

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    TCL and LLC today announce financial close to build 9 km twin tunnels between M2 and M1.
    The concession is to 2048.
    TCL owns 50% of the project
    Tolls on trucks are to be increased by a factor of 3 times car tolls. This starts this month and is incremented 9 times until it reaches the factor of three.
    Tolls in the tunnel are ear marked at todays M2 tolls and increasing quarterly by CPI or 1% whichever is greater
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