Transurban Group Shares Jump After Victoria Tunnel Project Opens

MT Newswires Live12-16

Transurban Group's (ASX:TCL) shares rose 1% in recent trading on Tuesday after it said in a Monday statement that the West Gate tunnel project in Victoria was open and is expected to improve freight access to the Port of Melbourne.

The project included a 6.8-kilometers new tunnel between the West Gate freeway and the Maribyrnong river, two additional lanes in each direction on the West Gate freeway between the M80 ring road and Williamstown road, ramps between the West Gate freeway and Hyde street for trucks carrying dangerous goods, as well as a new bridge over the Maribyrnong river joining an elevated freeway above Footscray road with connections to the Port of Melbourne, CityLink and city north.

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