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Highlights
- Infrastructure is one of the important resources for improving economy of a country
- From 2022-23 to over ten years, the Australian government is investing AU$120 billion in transport infrastructure across Australia
- ALX, TTI, and TCL are some of the transport infrastructure stocks of ASX
Infrastructure is a critical asset for driving the economy of any country. Without a strong infrastructure, other industries of a country find it difficult to grow and prosper. Infrastructure is mostly managed by the government or a few large corporations, making it easier and more efficient.
From 2022-23 to over ten years, the Australian government is investing AU$120 billion in transport infrastructure across Australia. It is part of the Australian government's plan to secure a global leading economic recovery from the COVID-19 pandemic.
On this backdrop, let us dive into three transportation infrastructure stocks from ASX and have a look at their performance.
Atlas Arteria (ASX:ALX)
Atlas Arteria owns, operates, and develops toll roads in the United States, Germany and France. Currently, it holds a portfolio of four toll roads. Recently, the company provided its updates for Q2 2022, demonstrating that its weighted-average traffic grew by 21.2% and weighted-average toll revenue increased by 18.9% compared to the previous corresponding period (pcp).
Atlas Arteria has gained about 31% in the last 52-weeks and is up by nearly 17% this year to date (YTD).
Traffic Technologies Ltd (ASX:TTI)
Image source: © Youths | Megapixl.com
Traffic Technologies provides traffic solutions to the traffic industry. It includes hardware and software solutions, Internet of Things and Smart City Solutions for traffic management.
Last month, the company received a new order for an additional 7,000 next-generation streetlights. The additional orders authenticate the quality and efficiency of the company in offering next-generation streetlights.
The share price of TTI has soared by almost 27% in the last 52-weeks while it has gained about 41% this YTD.
Transurban Group (ASX:TCL)
Transurban Group is one of the biggest operators of toll roads. The company runs operations in Canada, Australia as well as the United States. It designs and builds new roads, vehicles and road safety technology.
Following are some of the investment propositions of the company
- Assets spread in location with quality structural growth drivers
- In the last two decades, delivered 15 key projects in four markets
- Currently, the company has seven projects under development
- The company has long-term relationships with government and strategic partners
Shares of TCL are up by approx. 2% this YTD whereas, it has lost about 0.5% in the last 52-weeks.
