The Australian reports, “Transurban chief executive Scott Charlton has warned of the dangers of financial buyers overpaying for infrastructure assets by making the same unrealistic assumptions on traffic and gearing levels that led to the collapse of a range of toll road projects in the aftermath to the Global Financial Crisis. Addressing the company’s investor day in Sydney, Mr Charlton questioned whether the current heady appetite for infrastructure assets from financial advisers and asset managers globally was leading to unnecessary risk taking.”
The Australian Financial Review also covers Charlton’s remarks on the “increase in risk appetite” and Transurban’s investment strategy.