Fitch Expects Continued Growth of Australian Toll Roads Traffic

Fitch Ratings has released a report on the outlook for the Australian transportation sector (stable) that concludes, among other things, “Toll roads will benefit from continuing healthy economic growth. . . .” In a news release, Fitch notes, “Toll-road traffic has remained robust in 2016 following the completion of road-expansion works, continuing the trend of recent years. In the nine months to March 2016, traffic growth on Transurban’s Sydney network grew by 7.7% year-on-year, with a slower pace in Melbourne and Brisbane. Fitch expects overall traffic growth in the low- to mid-single digits for the agency’s rated Australian road portfolio in 2016.”