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The Transurban toll operator has denied that he is making millions of dollars in profits by charging high fees to motorists, but has promised to revise his rate structure as early as next week.
"There are a number of upcoming changes we have developed, including new applications and business solutions and the upgrading of our electronic toll systems, which allow for fee changes," said Wes Ballantine in a statement. For users of the not very regular toll road, we have a new LinktGO app to provide drivers with a GPS toll and on-site payment, trip-by-trip experience. "
The list of changes should be announced by Transurban next week.
Mr. Ballantine's comments come in response to Fairfax Media's revelations that the road toll operator has charged its customers a fee totaling $ 147 million in 2016, representing approximately 7.5% of its revenues.
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The company alleges that a number of figures had been distorted in the past year. article The Age which indicated that the company had fetched $ 4.5 million in revenues from the sale of electronic toll systems in Victoria, Queensland and New South Wales, and that its eTag does not cost that $ 10 to Transurban, but the drivers are charged $ 55.
Documents obtained by The Age indicates that 267 000 CityLink pbades purchased in 2016, 11 by However, Mr. Ballantine said the tax changes, which will be announced next week, did not respond to Fairfax Media's reports, but had been designed over two years.
] "The collection of tolls, including specialized equipment and road technology, as well as many systems, processes and administrative functions, entails significant costs," he said.
"We would prefer that the fees not be paid, we have free products for everyone and we encourage people to make sure they are on the best account for their travel needs [19659002] Green spokeswoman Janet Rice said in a statement that Transurban "Worse, with state governments increasingly favoring toll roads for public transit, Transurban's profits are rising. arrow as people borrow these toll roads because they have no other means of transportation. "
In the six months of December, Transurban's profits nearly tripled for At the same time, group toll revenues increased 9.6% to $ 1.13 billion, while construction revenues climbed 69% to $ 462 million.
the margin is 88.5%. , its EBITDA margin is 81.2%.
Tuesday morning, the company was stable, down less than 1% to $ 11.92. It has a market capitalization of $ 26.5 billion.
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