Slide 1: 1H26 Results
1H26 Results 19 February 2026 West Gate Tunnel Project, Melbourne
Slide 2: Disclaimer and basis of preparation
Disclaimer and basis of preparation This publication is prepared by Transurban Holdings Limited (ACN 098 143 429), Transurban International Limited (ACN 121 746 825) and Transurban Infrastructure Management Limited (ACN 098 147 678; AFSL 246 585) as the responsible entity of Transurban Holding Trust
Slide 3: Contents
Contents 4 13 22 24 1H26 highlights Financial results Wrap up Supplementary information
Slide 4: 1H26 financial highlights and distribution guidance
1H26 financial highlights and distribution guidance1 $2,019m 6.0% 34cps 6.3% FY26 distribution Proportional Distribution: 102.5% Total Revenue guidance reiterated6 covered by Free Cash 4.6% $474m vs. low comparable $1,592m 69cps 21.6% Proportional Operating Costs2 1.5% vs. 1H24 Proportiona
Slide 5: Delivering on strategic priorities
Delivering on strategic priorities Building strong foundations for future growth and value creation Transurban welcomes the NSW Government’s Additional traffic capacity, with five projects and update on NSW Toll Reform, with completion $5.9B of CAPEX delivered since FY222,3 expected by mid-2026
Slide 6: 1H26 traffic overview
1H26 traffic overview ADT increase of 2.5%1,2, with growth achieved across all markets ADT3 (million trips per day) Car vehicle traffic Large vehicle traffic 3.0 2.3 1.8 1.9 2.2 1.8 2.2 2.4 2.4 2.5 2.4 2.5 2.5 2.6 0.5 Large vehicle traffic Total traffic volume (M) 2.5 2.1 2.1 2.2 volume (M) 2.0 2.0
Slide 7: NSW Toll Reform
NSW Toll Reform Transurban welcomes the NSW Government’s update on NSW Toll Reform in December 2025 • The NSW Government continues to respect the value of existing contracts and revenue to concessionaires • Ongoing constructive negotiations continue to progress toward a positive outcome for Sydney m
Slide 8: Pipeline delivering new capacity: West Gate Tunnel
Pipeline delivering new capacity: West Gate Tunnel West Gate Tunnel opened safely on 14 December 2025, positioned to support Melbourne's highest population growth areas “It just so happens Whittlesea1 • The Project2, consisting of: not only will it “I loved it frankly... Hume1 1.7X average Melbourne
Slide 9: Pipeline delivering new capacity: NEXT and M7-M12
Pipeline delivering new capacity: NEXT and M7-M12 495 Northern Extension M7-M12 Integration Project • The 495 Northern Extension Project opened to traffic on 23 November 2025, • The M7 widening project is nearing completion, with works 85% complete and ahead of schedule tracking ahead of time • The
Slide 10: Significant value uplift from North America business
Significant value uplift from North America business1 Active management delivering sustained value uplift over Transurban’s longest concession assets Step change in operational performance New capacity delivered 1H26 FCF 93% of FY23 FCF for NA assets • Fredericksburg Extension • Opitz Boulevard EBIT
Slide 11: Transurban's growth framework
Transurban’s growth framework Average concession life of ~28 years supports disciplined approach focused on long-term value creation Organic Enhancements and new connections Creating option value for decades in existing markets to come • Actively driving value from existing • Growing suite of near-t
Slide 12: Investing to support customer value
Investing to support customer value Strategic partnerships and investments continue to deliver value for customers and security holders Time Linkt Linkt Launched Linkt Momentum travel App Rewards 7-Eleven Rewards on path to savings members Partnership ‘Earn & Redeem’ personalisation • Up to 43 min i
Slide 13: Financial results
Financial results Transurban
Slide 14: Statutory results
Statutory results1,2,3 9 (2) 114 (46) 1 204 343 78 (15) 1H25 profit Toll revenue Other revenue Operating Depreciation and Net finance costs Loss from equity Income tax benefit 1H26 profit after tax expenses amortisation accounted after tax investments 1. Statutory results bridge excludes constructio
Slide 15: 1H26 key financial summary
1H26 key financial summary1 Strong underlying performance supporting distribution growth of 6.6% at 1H26 and guidance of 6.2% growth for FY26 1H26 financial performance Summary of key debt metrics 1H26 1H26 vs. 1H25 DEC 25 JUN 25 Gross distributions $1,059m 6.6% Group debt6,7 $26,879m $26,821m Free
Slide 16: Free Cash movement
Free Cash movement1 FCF growth of 2.4% reflects an early refinancing decision that brought forward interest costs. Full-year FCF should normalise, supporting expected FY26 distribution growth of 6.2% Proportional Operating EBITDA2 Proportional net finance costs Cash adjustments EBITDA growth deliver
Slide 17: Proportional results
Proportional results1,2 +6.4% 1,540 1,545 (18) 3 2 106 1,452 1H25 Operating EBITDA3 Total revenue Total costs 1H26 Operating EBITDA New assets FX 1H26 Operating EBITDA3 (ex. new assets and FX)3 FY24 (%) 1H25 (%) FY25 (%) 1H26 (%) Transurban Group Operating EBITDA 73.7 76.2 75.1 76.5 margin4 1. This
Slide 18: Proportional Operating Cost movement
Proportional Operating Cost movement1 FY26 cost guidance maintained at below inflation, excluding new assets2 1H26 operational cost base Disciplined cost growth from 1H24 Cost category % $m % mvt Continuing cost efficiency opportunities 1.5% • Opportunity for evolving approach to contracted services
Slide 19: Balance sheet capacity and funding summary
Balance sheet capacity and funding summary1 Strong liquidity position Completed and upcoming financing activities4 • Interim Group distribution of 1.1B2 for HY26, supported by strong corporate 3,000 liquidity of $3B 2,500 • $1.0B of debt maturities for FY27, FY28 and FY30 refinanced early in 1H26 2,
Slide 20: Positioned to navigate the current macro environment
Positioned to navigate the current macro environment1 Managing weighted average cost of debt through high inflationary and volatile periods Relative cost stability through the interest rate cycle Well positioned for an inflationary environment 250 50 200 30bps increase in 40 7% +90% Absolute change
Slide 21: Capital allocation framework
Capital allocation framework1 Balancing capital allocation to support investment in growth and distributions 1H26 distribution Growing balance sheet growth supported by Core growth from existing portfolio capacity supports (price and volume growth) underlying earnings opportunity pipeline 2.5% traff
Slide 22: Wrap up
Wrap up Transurban
Slide 23: Wrap up
Wrap up Building foundations for growth with stronger operational performance and better stakeholder outcomes FY26 distribution Setting foundations Transurban welcome Improve government Step change in Investing to guidance to continue the NSW Government’s and community performance and support custom
Slide 24: Supplementary information
Supplementary information | sD Transurban
Slide 25: Analyst notes
Analyst notes Short-term Free Cash considerations ITEM / ASSET SHORT-TERM CONSIDERATIONS OTHER CONSIDERATIONS M7-M12 Integration Project • Traffic expected to be down ~5% during the construction period (2023 to 2026), with some • Targeting below inflation cost impact on Free Cash Flow outcome for FY
Slide 26: WestConnex traffic
WestConnex traffic • The map on the right shows ADT involving a trip on each WestConnex asset during 1H26, as well as 209k ADT total WestConnex ADT • A single WestConnex 134k ADT trip can include multiple assets, with around 14% of WestConnex trips qualifying for the WCX toll cap during 1H26 113k AD
Slide 27: Building the foundations for next generation of growth
Building the foundations for next generation of growth1 Average concession life of ~28 years permits disciplined approach TYPES OF OPPORTUNITIES MILESTONE Sydney • Widening of the remaining M7 and western M2 • Opportunity-specific Melbourne • Opportunities around North East Link • Opportunity-specif
Slide 28: Market updates
Market updates | sD Transurban
Slide 29: Sydney market update
Sydney market update1 1H26 performance teams build spaghetti-and-glue bridges tested for strength and flexibility. The event • Traffic increased by 1.8% celebrated STEM learning and showcased the • Car traffic increased by 2.1% and large vehicle traffic decreased by 0.8% real-world engineering beh
Slide 30: Sydney portfolio and pipeline
Sydney portfolio and pipeline Near-term asset enhancement • Widening of the existing 41 bridges along the M7 Motorway is 99.5% complete • 100% of concrete pavement complete within the M7 Motorway median • 37% of the new final asphalt surface complete • A newly configured north bound on-ramp from Eli
Slide 31: Melbourne market update
Melbourne market update1 1H26 performance Customer and community • Traffic increased by 3.0%2 • ~50,000 attended Discovery Day, walking or • Car traffic increased by 2.1% and large vehicle traffic increased by 5.9% running in the West Gate Tunnel and connecting roads before they opened 7.3% 26.7%
Slide 32: Melbourne portfolio and pipeline
Melbourne portfolio and pipeline Victorian road infrastructure project updates • North East Link project1 – contract awarded for the tunnelling package in late 2021. Victorian Government announced in August 2025 final contracts have been signed with two consortiums for upgrades between Tram and Spri
Slide 33: Brisbane market update
Brisbane market update1 1H26 performance • Celebrated milestone of $1 million donated to Legacy Brisbane since Legacy Way opened, • Traffic increased by 2.7% with 1c from every toll donated to support • Car traffic increased by 2.1% and large vehicle traffic increased by 4.7% veterans and their fa
Slide 34: Brisbane portfolio and pipeline
Brisbane portfolio and pipeline Near-term asset enhancement opportunities • Logan West Upgrade project • Gateway Motorway upgrades Potential market opportunities • Broader road enhancements in relation to Brisbane Olympics and Paralympics1 Other Queensland road infrastructure project updates2 • Cent
Slide 35: North America market update
North America market update1,2 1H26 performance Greater Montreal Area • Traffic increased by 3.6% • The roadside tolling collection system to be 18.9% 8.4% completed in FY26, improving detection • Car traffic increased by 3.7% and large vehicle accuracy and reduces maintenance costs traffic increas
Slide 36: Greater Washington Area portfolio and pipeline
Greater Washington Area portfolio and pipeline Potential market opportunities • 95 Express Lanes Bi-Directional: conversations with VDOT continue, with Phase II negotiations beginning in October 2025 • 495 Southside Express Lanes: the regional Transportation Planning Board deferred a decision on inc
Slide 37: Environmental, social and governance
Environmental, social and governance
Slide 38: ESG investment proposition
ESG investment proposition Action on environmental, social and governance (ESG) factors is fundamental to upholding Transurban’s values and supporting the ongoing success and sustainability of the business Environmental Social Governance • Action against climate change • Empowering customers • Board
Slide 39: Climate Change Framework priority areas summary
Climate Change Framework priority areas summary1 FY25 FY26 FY30 FY50 Transition Scope 1 and 2 emission reduction action Continue to explore initiatives to reach net zero to Net Zero2 Continue to seek opportunities to transition Transurban’s light-vehicle fleet to EVs, where feasible; continue to imp
Slide 40: 1H26 ESG highlights
1H26 ESG highlights Environmental Social Governance ESG benchmarking1 • Integrating sustainability within • West Gate Tunnel Discovery Day • Continued focus on strengthening asset design, delivery, and attended by more than 50,000 cyber security capabilities in operations people and raising over $17
Slide 41: Health, Safety and Road Safety
Health, Safety and Road Safety Health, safety and road safety performance continues on a positive trajectory, with strong incident reduction trends and targeted initiatives reinforcing a culture of proactive risk management and continuous improvement. Employee health and safety Contractor health and
Slide 42: Detailed financials
Detailed financials [h ul | Transurban
Slide 43: Traffic and revenue performance
Traffic and revenue performance1 DEC 25 QUARTER2 1H262 LARGE LARGE PROPORTIONAL ADT ADT VEHICLE PROPORTIONAL ADT ADT VEHICLE TOLL REVENUE CHANGE CHANGE CAR TRAFFIC TRAFFIC TOLL REVENUE CHANGE CHANGE CAR TRAFFIC TRAFFIC CHANGE (%) vs DEC 24 (%) vs DEC 19 (%) CHANGE (%) CHANGE (%) CHANGE (%) vs 1H25 (
Slide 44: 1H26 ADT by asset
1H26 ADT by asset1,2 QUARTERLY ADT HALF YEAR ADT DEC 25 DEC 24 LARGE LARGE 1H26 1H25 QUARTER QUARTER CHANGE (%) VEHICLE CHANGE (%) VEHICLE (’000) (’000) ASSET OWNERSHIP (%) (’000) (’000) TRAFFIC (%) TRAFFIC (%) M2 100 136 134 1.6 8.2 134 133 0.6 8.3 M5 West3 100 179 175 2.0 6.3 176 174 1.4 6.2 LCT 1
Slide 45: 1H26 Toll revenue by asset
1H26 Toll revenue by asset1,2 QUARTERLY REVENUE HALF YEAR REVENUE OWNERSHIP DEC 25 QUARTER DEC 24 QUARTER 1H26 1H25 CHANGE (%) CHANGE (%) ASSET (%) ($M) ($M) ($M) ($M) M2 100 102 97 5.3 201 192 4.1 M5 West 100 94 91 3.7 186 180 3.2 LCT 100 26 25 2.8 51 51 0.6 CCT 100 22 21 (0.0) 41 41 (0.3) ED 75.1
Slide 46: Statutory results
Statutory results 1H26 ($M) 1H25 ($M) CHANGE (%) Toll revenue 1,615 1,537 5.1 Construction revenue 200 332 (39.6) Other revenue 168 (36) N.M. Total revenue 1,983 1,833 8.1 Employee benefits expense (193) (196) (1.4) Road operating costs (296) (235) 26.3 Construction costs (200) (332) (39.6) Corporat
Slide 47: Reconciliation of Proportional EBITDA to statutory PBT
Reconciliation of Proportional EBITDA to statutory PBT1 1H26 ($M)2 1H25 ($M)2 CHANGE (%) Proportional EBITDA2 1,592 1,309 21.6 Add: EBITDA attributable to non-controlling interests (ED and TQ)2 198 156 27.0 (Less): Proportional EBITDA relating to NWRG, STP (including WCX), Transurban Chesapeake, Ska
Slide 48: Proportional EBITDA margins
Proportional EBITDA margins1,2 FY24 (%) 1H25 (%) 2H25 (%) FY25 (%) 1H26 (%) Sydney 78.7 79.7 77.1 78.4 80.1 Melbourne 82.6 86.4 84.7 85.6 87.7 Brisbane 73.9 77.1 74.8 76.0 79.4 North America 74.6 71.7 75.0 73.5 73.7 Transurban Group 73.7 76.2 73.9 75.1 76.5 1. This slide presents non-IFRS measures.
Slide 49: 1H26 proportional result by asset
1H26 proportional result by asset1 OTHER OPERATING NET INTEREST DEBT INCOME TAX TOLL REVENUE REVENUE EBITDA EBITDA2 PAID DEBT FEES AMORTISATION3 PAID4 FREE CASH ASSET OWNERSHIP (%) ($M) ($M) ($M) ($M) ($M) ($M) ($M) ($M) ($M) M2 100 201 2 165 165 (10) - - - 155 M5 West 100 186 1 155 155 1 - 3 - 159
Slide 50: 1H25 proportional result by asset
1H25 proportional result by asset1 OTHER OPERATING NET INTEREST DEBT INCOME TAX TOLL REVENUE REVENUE EBITDA EBITDA2 PAID DEBT FEES AMORTISATION3 PAID4 FREE CASH ASSET OWNERSHIP (%) ($M) ($M) ($M) ($M) ($M) ($M) ($M) ($M) ($M) M2 100 192 2 162 162 (11) - - - 151 M5 West 100 180 1 152 152 (1) - 3 - 15
Slide 51: 1H26 proportional net interest paid
1H26 proportional net interest paid1 IMPACT TO FREE CASH NO IMPACT TO FREE CASH CAPITALISED CAPITALISED CAPITALISED CAPITALISED INTEREST INTEREST INTEREST INTEREST INTEREST INTEREST NET INTEREST (TO THE (TO THE (TO THE (TO THE PAID RECEIVED PAID2 FACILITY) ASSET) FACILITY) ASSET) ASSET 1H26 ($M) 1H2
Slide 52: 1H26 proportional maintenance spend
1H26 proportional maintenance spend1 ASSET OWNERSHIP (%) 1H22 ($M) 1H23 ($M) 1H24 ($M) 1H25 ($M) 1H26 ($M) M2 100 (2) (5) (5) (3) (7) M5 West 100 (1) (3) (3) (3) (3) LCT 100 (2) (3) (4) (2) (4) CCT 100 (2) (2) (2) (2) (1) ED 75.1 (3) (3) (3) (5) (1) M7 50 (1) (1) (3) (4) (4) NorthConnex 50 - - - - (
Slide 53: Free Cash definition
Free Cash definition1 FREE CASH CALCULATION SOURCE OF INFORMATION/EXPLANATION Proportional EBITDA Maintenance expense is removed and replaced with maintenance cash expense, and mark-to-market movements in PPAs are excluded Add back non-recurring items, which may include, among other things, Transact
Slide 54: 1H26 Free Cash
1H26 Free Cash1 1H26 ($M) 1H25 ($M) CHANGE (%) Proportional EBITDA 1,592 1,309 21.6 Add non-recurring items2 (47) 143 (132.9) PROPORTIONAL OPERATING EBITDA 1,545 1,453 6.4 Less proportional net finance costs paid (414) (364) 13.5 Less proportional debt fees paid (10) (9) 4.8 Add proportional debt am
Slide 55: Transurban tax groups—estimated timing
Transurban tax groups—estimated timing1,2 Timing is indicative only and not shown by month % of Transurban Group Proportional 1H26 tax paid3 Tax group Operating EBITDA ($M) FY26 FY27 FY28 FY29 FY30 FY31 FY32+ Transurban Cardinal Currently paying tax: Subject to corporate tax in Canada 1 1 Holdings (
Slide 56: Treasury
Treasury | sD Transurban
Slide 57: Funding structure as at December 2025
Funding structure as at 31 December 2025 Transurban2 BBB+/Baa1/A- Non-recourse Corporate Sydney Brisbane North America EMTN Working EUR4.6B Capital3 495 Express 95 Express $2.7B M22 LCT CCT ED M72 NCX M5 West STP TQ2 TC A25 Lanes2 Lanes2 Letter of Maple -/A2/- -/A3/A- BBB/-/- -/Baa1/- BBB/-/BBB+ CAD
Slide 58: Group debt as at December 2025
Group debt as at 31 December 20251 FACILITY FACILITY FACILITY TOTAL FACILITY TOTAL DRAWN AMORTISATION TO PROPORTIONAL PROPORTIONAL (USD M)2 (CAD M)2 ($M)2 ($M)2 ($M)2 FREE CASH BEGINS3 DRAWN INTEREST PAID ($M)2 ($M) CORPORATE DEBT Working capital facilities4 - - 2,650 2,650 - -5 - - EMTN (CAD, NOK,
Slide 59: Proportional drawn debt by effective currency
Proportional drawn debt by effective currency1,2 31 Dec 25 ($M) 30 JUN 25 ($M) MOVEMENT ($M) EXPLANATION Additional: • AUD891 million EMTN issuance Corporate 10,334 10,307 27 Offset by: • AUD795 million EMTN repayments • AUD70 million 144a repayment AUD3 Additional: • Net increase of AUD103 million
Slide 60: Key debt metrics
Key debt metrics1 31 DEC 25 30 JUN 25 TRANSURBAN GROUP CORPORATE NON-RECOURSE TRANSURBAN GROUP CORPORATE NON-RECOURSE Weighted average maturity (years)2,3 6.9 years 7.0 years 6.8 years4 6.6 years 6.1 years 7.0 years4 Weighted average cost of AUD debt2 4.6% 4.8% 4.4% 4.5% 4.9% 4.2% Weighted average c
Slide 61: Total corporate debt maturities as at December 2025
Total corporate debt maturities as at 31 December 20251,2 3,500 Working capital facilities EMTN 144A Letters of credit facilities 3,000 822 2,500 2,000 $ MILLION 344 1,677 1,500 478 2,354 575 1,000 1,742 1,239 500 1,000 1,082 1,060 825 825 836 44 - FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 F
Slide 62: Total non-recourse debt maturities as at December 2025
Total non-recourse debt maturities as at 31 December 20251,2,3 WCX Group A25 95 495 TC TQ ED M2 M7 LCT CCT NCX M8 / M5 East 4,000 202 237 550 40 3,000 57 546 440 60 40 2,694 205 393 345 $ MILLION 947 75 2,000 26 303 255 29 615 195 374 487 752 162 555 31 203 38 28 31 610 437 1,000 2,105 178 450 605 6
Slide 63: Diversified funding sources
Diversified funding sources1 Major funding transactions during 1H262: Total Group proportional drawn debt as at 31 December 20253 Corporate GOVERNMENT • Sep 25: US$550 million 144a DEBT, 9% USD NOTES (PABs), 3% USD NOTES ITL, 8% • Nov 25: €500 million EMTN (144a), 10% • Dec 25: A$6 million general c
Slide 64: Corporate overview
Corporate overview __ Transurban
Slide 65: Summarised Group structure
Summarised Group structure TRANSURBAN HOLDINGS LIMITED TRANSURBAN HOLDING TRUST TRANSURBAN INTERNATIONAL LIMITED CORPORATE ENTITIES ROAD / OPERATING ENTITIES OTHER ENTITIES ROAD/OPERATING ENTITIES CORPORATE ENTITIES Including: Including: Companies operating and Corporate financing Companies operatin
Slide 66: Asset portfolio as at December 2025 (Sydney)
Asset portfolio as at 31 December 2025 SYDNEY OVERVIEW M5 WEST1 M2 M4 M82,3 M4-M8 LINK4 M5 EAST LCT CCT Jul 2017 (Motorway) Jan 2023 (M4-M8 Link) Opening date Aug 1992 May 1997 Jul 2020 Dec 2001 Mar 2007 Aug 2005 Jul 2019 (tunnel) Nov 2024 (Rozelle) Concession end date Dec 2026 Jun 2048 Dec 2060 Dec
Slide 67: Asset portfolio as at December 2025
Asset portfolio as at 31 December 2025 SYDNEY MELBOURNE NORTH AMERICA WEST GATE 495 EXPRESS 95 EXPRESS OVERVIEW ED M7 NORTHCONNEX CITYLINK A25 TUNNEL LANES4 LANES5 Opening date Dec 1999 Dec 2005 Oct 2020 Dec 2000 Dec 2025 Nov 2012 Dec 2014 May 2011 Concession end date Jul 2048 Jun 20481 Jun 2048 Jan
Slide 68: Asset portfolio as at December 2025 (Brisbane)
Asset portfolio as at 31 December 2025 BRISBANE GATEWAY LOGAN GO BETWEEN LEGACY OVERVIEW CLEM7 AIRPORTLINK M7 MOTORWAY MOTORWAY BRIDGE WAY Opening date Dec 1986 Dec 1988 Mar 2010 Jul 2010 Jun 2015 Jul 2012 Concession end date Dec 2051 Dec 2051 Aug 2051 Dec 2063 Jun 2065 Jul 2053 PHYSICAL DETAILS Len
Slide 69: West Gate Tunnel Toll Details
West Gate Tunnel Toll Details TOLL PRICING1 SINGLE TRIP Motorcycles Cars LCV SINGLE TRIP HCV3 LHCV3,4 West Gate Freeway NO TOLL NO TOLL NO TOLL Day $19.99 $29.98 Hyde Street $2.07 $4.13 $6.61 Night $13.33 $19.99 Tunnel $2.07 $4.13 $6.61 AM Peak2 $3.31 $6.61 $10.58 24-HOUR PASS Motorcycles Cars LCV 2
Slide 70: Tolling escalation
Tolling escalation MOTORWAY ESCALATION MOTORWAY ESCALATION M2 Tolls escalate quarterly by the greater of quarterly CPI or 1% West Gate Tunnel Tolls escalate quarterly by an equivalent of 4.25% per annum to 30 June 2029, and the greater of quarterly CPI or 0% thereafter to LCT Class A tolls escalate
Slide 71: Tolling escalation
Tolling escalation +90% of 1H26 revenue with CPI-linked or fixed escalations (4.25% p.a.5) Sep Dec Mar Jun Sep Dec Mar Jun Sep FY25 FY25 FY25 FY25 FY26 FY26 FY26 FY26 FY27 55% of 1H26 revenue escalating by at least 4% regardless of inflation SYDNEY1 1.0% 1.0% 0.2% 0.2% 0.9% 0.7% 1.3% 0.6% Mar CPI 7%
Slide 72: Glossary
Glossary Transurban
Slide 73: Glossary
Glossary TERM DEFINITION TERM DEFINITION I-24 I-24 Southeast Choice Lanes DTP Department of Transport and Planning I-285 I-285 East Express Lanes ED Eastern Distributor 95/ I-95 I-95 Express Lanes EMTN Euro Medium Term Note 395/ I-395 I-395 Express Lanes EOFY End Of Financial Year 495/ I-495 I-495 E
Slide 74: Glossary
Glossary TERM DEFINITION TERM DEFINITION MDOT Maryland Department of Transportation PROPORTIONAL The aggregation of costs incurred from each asset before net finance costs, income taxes, MDT Multiple Debt Transaction OPERATING COSTS depreciation, amortisation, share of net gain/loss of equity accoun
Slide 75: Glossary
Glossary TERM DEFINITION TAC Transport Accident Commission TDOT Tennessee Department of Transportation TEU Twenty-foot equivalent unit (unit of port cargo capacity) THL Transurban Holdings Limited TIFIA Transportation Infrastructure Finance and Innovation Act TOLL REVENUE Toll revenue includes reven