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http://www.ozpolitic.com/forum/YaBB.pl General Discussion >> Federal Politics >> We Don't Want Your Miserable Road Tolls http://www.ozpolitic.com/forum/YaBB.pl?num=1549929639 Message started by whiteknight on Feb 12^th, 2019 at 10:00am

Title: We Don't Want Your Miserable Road Tolls
Post by whiteknight on Feb 12^th, 2019 at 10:00am

Transurban earns $1b in first half as toll revenue jumps :(

February 12, 2019
The Age

Transurban's toll revenue jumped 9.3 per cent in the first half of the year, boosting its underlying earnings to $1 billion. :(

The toll road giant on Tuesday reported that fees received from its roads - which include the Cross City Tunnel and M5 in Sydney, and Melbourne's CityLink - grew $167 million to $1.29 billion in the six months to December 31.

In Sydney, toll revenue grew 7.7 per cent to $513 million, with average daily traffic up 2.1 per cent.

Fees from its Melbourne roads were up 5.6 per cent to $409 million, with traffic growing by 4.6 per cent.

Takings in Brisbane were up 1.7 per cent to $208 million, while revenue from North America jumped 42 per cent to $167 million after it bought the seven-kilometre A25 toll road in Montreal.

Transurban's total revenue including fees from constructing new roads grew 30.2 per cent to $2.1 billion.

The company said its underlying earnings before interest, tax, depreciation and amortisation for the half rose 9.8 per cent to $1 billion. Including $308 million of significant items from buying new roads, EBITDA fell 24 per cent to $693 million.

Net profit after tax fell 56 per cent to $145 million, driven down by an extra $163 million in depreciation and amortisation, mainly relating to the consolidation of Sydney's M5 West and Melbourne's CityLink Tulla Widening project.

More to come

Title: Re: We Don't Want Your Miserable Road Tolls
Post by Bam on Feb 12^th, 2019 at 10:03am

So much for the lie that privatisation is cheaper. These private taxes are bleeding motorists for a lot more than the government taxes ever would have.

Title: Re: We Don't Want Your Miserable Road Tolls
Post by greggerypeccary on Feb 12^th, 2019 at 10:11am

Us West Aussies just can't get our head around the concept of toll roads.

Crazy stuff.

Title: Re: We Don't Want Your Miserable Road Tolls
Post by Bam on Feb 12^th, 2019 at 10:17am

greggerypeccary wrote on Feb 12^th, 2019 at 10:11am:

Us West Aussies just can't get our head around the concept of toll roads.

Crazy stuff.

One thing Western Australia is doing right is not having any of these infernal ripoffs. Keep them out.

Title: Re: We Don't Want Your Miserable Road Tolls
Post by aquascoot on Feb 12^th, 2019 at 10:53am

god i love toll roads.

they build them in one tenth the time the union riddled state governments build them and they are super smooth and fast.

its great to be able to travel without delay and i wish they would put the tolls up to keep even more of the scrubby citizens off my gorgeous noble privately built roads.

the person on the " narrow road to success' exclusively uses the "toll road to success"

Title: Re: We Don't Want Your Miserable Road Tolls
Post by FRED. on Feb 12^th, 2019 at 11:00am

aquascoot wrote on Feb 12^th, 2019 at 10:53am:

;D ;D ;D Im with you love toll road fuel saving, time saving ;) ;) ;)

Title: Re: We Don't Want Your Miserable Road Tolls
Post by philperth2010 on Feb 12^th, 2019 at 11:01am

Bam wrote on Feb 12^th, 2019 at 10:17am:

greggerypeccary wrote on Feb 12^th, 2019 at 10:11am:

Us West Aussies just can't get our head around the concept of toll roads.

Crazy stuff.

One thing Western Australia is doing right is not having any of these infernal ripoffs. Keep them out.

Barnett tried it on and was booted from office quick smart....WA has NO toll roads....Let the Eastern States get ripped off by paying 10 times what the road is worth....Idiots!!!

:) :) :)

Title: Re: We Don't Want Your Miserable Road Tolls
Post by aquascoot on Feb 12^th, 2019 at 11:06am

FRED. wrote on Feb 12^th, 2019 at 11:00am:

aquascoot wrote on Feb 12^th, 2019 at 10:53am:

;D ;D ;D Im with you love toll road fuel saving, time saving ;) ;) ;)

whats your time worth.
i'd gladly pay 3 x as much and then that would clear the lanes even more

Title: Re: We Don't Want Your Miserable Road Tolls
Post by greggerypeccary on Feb 12^th, 2019 at 11:08am

philperth2010 wrote on Feb 12^th, 2019 at 11:01am:

Bam wrote on Feb 12^th, 2019 at 10:17am:

greggerypeccary wrote on Feb 12^th, 2019 at 10:11am:

Us West Aussies just can't get our head around the concept of toll roads.

Crazy stuff.

One thing Western Australia is doing right is not having any of these infernal ripoffs. Keep them out.

Barnett tried it on and was booted from office quick smart....WA has NO toll roads....Let the Eastern States get ripped off by paying 10 times what the road is worth....Idiots!!!

:) :) :)

No government would get away with it in WA.

We'll never see toll roads here :)

Title: Re: We Don't Want Your Miserable Road Tolls
Post by Gordon on Feb 12^th, 2019 at 11:43am

aquascoot wrote on Feb 12^th, 2019 at 11:06am:

FRED. wrote on Feb 12^th, 2019 at 11:00am:

aquascoot wrote on Feb 12^th, 2019 at 10:53am:

;D ;D ;D Im with you love toll road fuel saving, time saving ;) ;) ;)

whats your time worth.
i'd gladly pay 3 x as much and then that would clear the lanes even more

Me too. I did this drive yesterday and took me inside 20 mins. Had I not used the Cross City Tunnel, the section from College St to getting on the Anzac Bridge would take about 30mins, if nothing goes wrong.

sc1.jpg (90 KB | 11 )

Title: Re: We Don't Want Your Miserable Road Tolls
Post by Bam on Feb 12^th, 2019 at 12:02pm

aquascoot wrote on Feb 12^th, 2019 at 10:53am:

What would you know? You don't use them. They could have been built far more cheaply by government. Privatised taxes cannot be voted out.