Transurban finalises NSW toll reform direct deal

• The NSW Government and Transurban finalised key terms for a major toll reform direct deal covering ten assets.
• Following the announcement, the Transurban share price was up at $14.96.
• The agreement aims to deliver motorist benefits while preserving concession contract value.

Transurban Group (ASX:TCL) announced that key terms for a proposed New South Wales toll reform direct deal have been finalised.

The agreement follows an iterative process between the government and ten concessionaires across ten different assets.

"The finalisation of key terms for the NSW toll reform direct deal represents a constructive outcome for motorists and the business alike," said Transurban CEO Michelle Jablko.

The package includes toll price reductions on the M2, M7, Lane Cove Tunnel, and Cross City Tunnel, alongside two-way tolling on the Eastern Distributor set at 53% of the status quo inbound toll.

The business stated that the reform package is expected to preserve concession contract value without negatively impacting near-term distributions.

Following the announcement, the Transurban share price was up at $14.96.

The broader operational framework also incorporates toll notice digitisation, enforcement reforms, and the scheduled removal of toll notice administration fees.