Trade Transurban Group
Transurban is a road operator company that manages and develops toll road networks in urban areas of Australia, Canada and the United States. Founded in 1999 and listed on the Australian Securities Exchange (ASX). in Australia, Transurban is the full owner of CityLink in Melbourne, which connects three of the city's major highways. It has stakes in six Sydney highways, and, in six of the six linknetworks, brisbane's motorway numbers. In the United States, Transurban owns property interests in 495 Express Lanes on a section of the Beltway around Washington, D.C. It also has an interest in connecting 95 highway lanes project on Interstate 95. In Canada, Transurban has an interest in the A25 motorway. Transurban was included in the Dow Jones Sustainability Index (DJSI) global list from 2006 to 2010 and on the ASIA-Pacific DJSI list from 2011 to 2015. The CityLink contract was awarded in 1995 by the Victorian Government to a consortium of Transfield Australia Holdings and Japan's Obayashi. Transurban was formed to run the CityLink contract. The specifications called for a highway forced to increase two existing highways and build two new toll roads — called western and southern connections — that directly connect a number of existing highways to provide a continuous, high-capacity route to and from the central business district, using electronic fee collection technology, called E-T. T.I.A. The total value of the project in 1996 was estimated at $1.8 billion, and the concession that It lasted 34 years to run the road in 2034. The road was built between 1996 and 2000. The first of these sections was opened to traffic in August 1999, and fees began to be charged on 3 January 2000 before being completed on 28 December 2000, and fees began to be charged in the same year.