Transurban Group Provides September Quarter Update

The Transurban Group (ASX:TCL) revealed in the September quarter update that the average daily traffic declined by 25.2% with impacts differing across the Group’s markets depending on the level of restrictions in place amid COVID-19.

Traffic volumes in the quarter have made substantial improvement in Brisbane, Sydney, the Greater Washington Area and Montreal from April lows. The Company also increased its capital by raising US$900 million in the 144A / Reg S market in September 2020 at desirable rates.

TCL also began a process for the prospective introduction of equity partners into its Greater Washington Area assets.

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