Transurban bags the ‘deal of the century’ in Victoria
According to an article in yesterday’s The Australian, the infrastructure company Transurban will reap a nominal $37.3bn in extra tolls over the next 25 years in return for investing just $4bn to build the Andrews government’s West Gate Tunnel, according to analysis by the Parliamentary Budget Office.
Michael is joined by Victorian Opposition Leader Michael O’Brien who has slammed the arrangement which will see CityLink users tolled for an extra decade as a “dodgy deal”. He says motorists using the road daily will pay an extra $87,060 and a total of $161,000 in tolls between July 1 this year and 2044-45 to pay for the $6.7bn tunnel.
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