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BRIEF-Transurban updates on Logan enhancement project

Published 28/10/2015, 09:45 am
© Reuters.  BRIEF-Transurban updates on Logan enhancement project
TCL
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Oct 28 (Reuters) - Transurban Group TCL.AX :

* Says proposed Brisbane road upgrade - Logan enhancement project

* Logan enhancement project is expected to be delivered with no private land acquisition

* Final business case and binding upgrade proposal is expected in mid-2016 for consideration by government

* If approved, construction is expected to commence in late-2016 and be completed by early-2019.

* $450M project includes interchange upgrades at key congestion hot spots, widening parts of gateway extension motorway and constructing new south-facing ramps at Compton road

* Project will generate more than $1.2 billion in economic benefits for queenslanders and support more than 1,300 jobs during construction"

Source text for Eikon ID:nASX7FYPnM

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