Network road pricing is inevitable to manage increasing congestion on city motorways and to facilitate more efficient transport networks, says 891 Transurban chief executive Scott Charlton.
Network road pricing is inevitable to manage increasing congestion on city motorways and to facilitate more efficient transport networks, says Transurban chief executive Scott Charlton. In a speech to the Infrastructure Partnerships Australia’s annual conference in Melbourne, Charlton urged governments to use every lever possible from user charges to diverse funding sources to innovative solutions such as tolled express lanes.
Melbourne’s road users are the focus of a year-long study into what options are possible for funding road infrastructure projects including various user-pays models.
The study headed by Australian toll roads operator Transurban will conducted across Melbourne’s entire road network to see how drivers react to tolling and other road-use models such as charging motorists for each kilometre travelled, a charge to access roads, annual fixed costs per kilometre on expected usage and price per trip.
It will al
Australian toll-road owner and investor, Transurban, said its “true defensive nature” appeal to investors had enabled it to achieve a 27.1% increase in net profit.
Transurban, an Australian manager of highways and developer of urban toll roads, saw toll revenue for the December 2014 quarter increase by more than 63% to US$304 million compared to the same period last year.
For the half-year ended December 2014, toll revenue rose by 63.7% to nearly $602 million, compared to the corresponding period in 2013, a company statement said.
Transurban, established in 1966 and based in Melbourne, owns CityLink in Melbourne, which connects three of the city's major freeways
