South East Queensland’s sole toll operator is hiking the cost for motorists looking to slash their commute times, despite reporting a record $260 million revenue. See how much it will cost and when the increase comes into effect.
Check out a drive through of the Brisbane Airport Link tunnel, before and after the tolls kicked in.
SCROLL DOWN TO SEE ALL THE TOLL INCREASES
The latest annual toll increase made “in line with the Brisbane Consumer Price Index (BCPI)” comes into effect on July 1.
From then, a trip across the Sir Leo Hielscher Bridges in a car will increase by 38 cents to $5.45 and a trip through the Legacy Way in a car will increase by 46 cents to $6.60.
Legacy Way inbound. Pic Mark Calleja
Transurban operates almost every one of Australia’s toll roads with assets including Brisbane’s Gateway and Logan motorways, the Clem7, the Legacy Way, Toowoomba Bypass and Airport Link tunnels.
The toll point on the Toowoomba Bypass.
They also operate the Go Between Bridge between West End and Milton where motorists will soon pay $3.62 to drive its 117m length, one of the most expensive tolls in the world at a rate of $32.65 per kilometre.
The Go Between Bridge, connecting Milton to West End, which by kilometre is the most expensive toll bridge around. Pic Jono Searle.
The increase comes five months after Transurban reported a 16% revenue increase in their half-yearly financial report to December 2022.
In the report outgoing Chief Executive Officer Scott Charlton highlighted the “continued strength of the business model in a rising inflation and interest rate environment.”
Transurban CEO Scott Charlton. Picture: Valeriu Campan
“Around 68% of Transurban’s toll revenue is linked to CPI escalations, creating in-built inflation protection,” he said.
“Timing of escalations can be delayed depending on the asset, meaning that the flow through from recent higher inflation numbers has yet to be recognised across some of our markets.”
A Transurban spokeswoman advised motorists experiencing financial hardship to seek support.
“Our Linkt Assist team is here to help with a range of services including payment plans, more time to pay and toll credits,” she said.
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