It's Been Revealed How Much Money Melburnians Are Spending
It has been revealed that Melburnians are spending $1.8 million a day to use Citylink.
The figure has been released as the State Government is about toe extended fees on the road for another decade.
A third of Transurban, the company managing the road, collected a $22 million profit over the last year.
Transburban’s presentation to investors revealed the average daily traffic on CityLink was up 1 percent, with weekend and public holiday traffic up 3.2 percent.
The road giant’s agreement to charge City Link tolls is due to expire in 2035, but Daniel Andrews has said that is likely to extend to 2045 in the next year.
Former premier Jeff Kennett said recently that the CityLink toll deal could be terminated before 2035 if Transurban made “windfall profits”.
But briefing notes for Transurban’s full-year financial results rejected that possibility.
“Deed provisions regarding revisions to concession period have not been met, nor are they forecast by Transurban to occur,” the document said.
Transurban chief executive Scott Charlton said the $1.3 billion CityLink-Tullamarine widening project was on track to be finished in early 2018.