Toll road giant, Transurban, continues to be hammered by plunging traffic volumes from COVID-19, with CEO Scott Charlton not expecting a return to normal volumes anytime soon:
The toll road giant said average daily traffic on its toll roads for the week of June 14 fell 9 per cent in Sydney, 31 per cent in Melbourne and 14 per cent in Brisbane…
Those sweeping through Sydney suburbs including the M5 West and the M7 connecting the north and western parts of the city fell 6 per cent and 8 per cent respectively for the month of June to date. Those crossing into the city including Melbourne’s CityLink remained off 32 per cent for the same period with Sydney’s Eastern Distributor down 26 per cent and Brisbane’s Clem7 lower by 29 per cent.
