First foray for Transurban into Queensland assets. SYDNEY, April 24- A consortium led by Transurban Group, Australia's biggest toll road owner, has won a bid to buy toll firm Queensland Motorways Ltd for $6.6 billion in its first foray into the country's third most populous state.» Read More
Large parts of the country have been dealing with severe winter weather this year, including heavy snow and ice. The harsh weather has produced an unexpected headache for many drivers in the form of potholes. NBC's Tom Costello reports.
SYDNEY, Feb 12- Australia's competition regulator said on Wednesday it was inviting feedback on whether Transurban Group, the country's biggest toll road operator, should be allowed to buy about A $5 billion of roads from the Queensland state government.
SYDNEY, Feb 6- Three investment consortia- two involving Gulf Arab government-owned funds- plan to lodge indicative bids for Australian state-owned toll road company Queensland Motorways Ltd on Friday, sources close to the transaction said.
Motorists have preferred to use Spain's free national highways during the recession so traffic on the toll roads has fallen nearly 40 percent in the 5- year economic slump. Builders, including Ferrovial, Abertis, OHL, ACS, FCC and Acciona, created joint ventures to win concessions from the government to build the toll roads during Spain's boom years.
The joint project is to develop a railway network linking Oman in the south to Kuwait in the north through the United Arab Emirates, Qatar, Bahrain and Saudi Arabia.
People participating in extreme sports can spend anywhere from a few hundred dollars to tens of thousands. What are the costs associated with extreme sports?
James Cowan, American Railcar Industries CEO & president, and Steve Barger, KeyBanc Capital Markets transport analyst, discuss early signs of a revival for the railcar industry.