The Legacy Way tunnel in one of six Transurban-run toll roads in Brisbane.Credit:
And if the Queensland government is smart,it could leverage the proposed Gympie Road bypass to get a better deal for motorists across the region (but more on that later).
In the same week Transurban’s presentation was released,this masthead revealed the Queensland Investment Corporation’s“Project Polaris” plans for twin 7.2-kilometre tunnels between Carseldine and Kedron had been under way well beforeTreasurer Cameron Dick announced $35 million towards a “study” in June.
That presentation made it clear that very project had already made its way into Transurban’s public-facing planning.
Of course,as long as we remain a free-market capitalistic society (and there are no imminent signs of revolutionary fervour to suggest a change any time soon),there is nothing wrong with Transurban identifying an opportunity and working towards lining its shareholders’ pockets.
Transurban’s already doing pretty well out of Brisbane. Revenue growth for the company was up 15.5 per cent in 2022-23 (despite average daily traffic increasing just 9.4 per cent) to a staggering $520 million. That’s a lot of beeps on your Transurban-supplied Linkt tag.
But should any private company have such a stranglehold on a city or region’s critical infrastructure?