This Month
AirTrunk’s bankers delay NBIOs; new DD materials on the way
AirTrunk’s sell-side advisers informed potential bidders late last week that the $600 million-a-year business is expecting to ink new client contracts in the near term.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Sanjeev Gupta’s InfraBuild accuses Chinese rivals of bending rules
The British industrialist’s Australian steel business wants regulators to curb Chinese suppliers of steel mesh used here in residential concrete foundations.
- Simon Evans
- Opinion
- Chanticleer
Why a rubbish collector is the ASX’s most vulnerable big company
Cleanaway Waste Management needs investors to buy into its growth story, and soon, because while earnings forecasts are rising, the share price isn’t. That makes it vulnerable to a takeover.
- Updated
- Anthony Macdonald
Transurban says drivers could pay more under NSW reforms
NSW’s proposed toll road reforms would hit some drivers with higher fares, create traffic congestion and would not necessarily be fairer, Transurban has claimed.
- Jenny Wiggins
John Laing shops interest in Sunraysia solar farm; $400m deal mooted
Early feedback suggests the asset may fetch a $400 million price-tag, sources told this column.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Transurban network operator claims he was fired for whistle-blowing
The former employee has alleged in court that he was dismissed after blowing the whistle on coercion, manipulation of company records and raising safety issues on toll roads.
- Jenny Wiggins
Atlas Arteria dodges second strike on remuneration at AGM
IFM Investors backed the toll road group’s remuneration report this year but the company has hit another setback in its attempts to raise toll fares in the US.
- Jenny Wiggins
Investors put Bingo on watch as debt trades at a discount
Street Talk understands a small clip of long-dated debt in Macquarie’s waste management play Bingo traded in the past few weeks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Transurban executives ‘no longer required’ after restructure
Two of Transurban’s top executives will leave on June 1 after the company decided to shift away from state-based oversight.
- Jenny Wiggins
Eyes on Transgrid as super funds bail out of $8b infra fund UTA
Sources say Aware Super has hired Campbell Lutyens, a specialist in moving illiquid investments for institutional investors, to shop a $600 million stake.
- Sarah Thompson, Kanika Sood and Emma Rapaport
IFM’s stake in Atlas Arteria creeps up to 26pc; Jarden on trade
The infrastructure investor paid $5.62 a share in a pre-market block trade on Tuesday morning.
- Sarah Thompson, Kanika Sood and Emma Rapaport
NSW toll reform suggestions ‘a recipe for disaster’: IPA
NSW’s tolling review should dump suggestions of overriding the state’s toll road contracts with legislation because it risks spooking investors, says Infrastructure Partnerships Australia.
- Jenny Wiggins
Queensland Airports Limited auction revs up for take-off ... yet again
The auction’s start date has already slipped a couple of times, from the new year, to post-Easter, and now to late May. Of note, a firm timetable is yet to be set.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Airports
Virgin Australia goes to war over airport ‘gold plating’
The airline’s chief financial officer, Race Strauss, says much of the $15 billion being spent by major airports on infrastructure is unnecessary.
- Jenny Wiggins
Behind the PM’s $3b ‘bailout’ of Victoria’s most expensive road
Experts blame a $10 billion blowout for the North East Link on CFMEU disruptions, a failed tender process and crazy design decisions to pander to community groups.
- Patrick Durkin, David Marin-Guzman and Gus McCubbing
Atlas Arteria’s ‘back-up plan’ to fight French taxes
The tollroad group is cutting costs and jobs as it tries to keep dividends at current levels, chief executive Graeme Bevans says.
- Jenny Wiggins
Transurban wants more drivers to see the benefit of toll fares
In a strategy presentation to investors, the motorway giant’s chief executive Michelle Jablko said the focus would be on ‘running the business better’.
- Jenny Wiggins
More congestion, more profit: ex-CEO slams Sydney interchange plan
Ex-NSW roads executives say the controversial Rozelle Interchange was designed to have more congestion to increase the value of WestConnex before it was sold.
- Campbell Kwan
April
Downer EDI employees, council workers ‘seriously corrupt’, ICAC finds
Two former employees of Downer EDI were corrupt on transport projects and the company did not always comply with rules dealing with subcontractors, investigators found.
- Jenny Wiggins
QIC, Partners Group eye $2b Global Switch Australia; bids loom
Indicative offers are due May 5 and Global Switch’s owners have instructed UBS to then fast-track the auction’s binding bid stage
- Sarah Thompson, Kanika Sood and Emma Rapaport
