Australian Toll Road Company Losing Millions
by the Newspaper.com
Toll road operator Transurban posts a $140 million loss in the last year.
The financial outlook for tolling continues to be grim as one of the largest operators of toll roads in the United States and Australia announced today that it had suffered losses in excess of $292 million over the past two years. Despite charging Australian and American motorists $767 million in tolls and fees -- an increase of 34 percent -- in the year ended June 30, 2008, Transurban reported a loss of $140 million.
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