“The introduction of partners would allow us to pursue both current opportunities as well as those we expect to emerge not only in North America but also in Australia, while putting less pressure on our balance sheet and freeing up significant existing capital,” Charlton said at the company’s annual shareholders’ meeting.
Transurban North America officials said Friday the company’s intent to bring in other investors will not impact the Northern Virginia operations. Transurban will continue to manage the express lanes, they said.
“Our commitment to the region and the commonwealth is long term,” Emeka Moneme, vice president of corporate strategy and innovation at Transurban North America, said. “There is no change in day-to-day management and/or operation of the facilities. We remain very, very committed to this region.”
The sale plan is not prompted by the industry’s losses during the coronavirus pandemic, company officials said Friday. They said the company had