Transurban's bumpy road

It was a strong year for Transurban, but toll roads aren't always what they're cracked up to be.

If pressed to boil down the concept of a sustainable competitive advantage to just two words, we might venture the phase ‘toll road’. These high-quality infrastructure assets are the arteries of a city. They have significant pricing power, inflation protected revenues, are largely immune from economic swings and they’re insulated against competition by extremely long ‘concession’ periods. And while tunnels and long strips of bitumen are expensive to build, once the toll gates open there’s little left to do but watch the cash roll in. Or so the theory goes.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles