Transurban (ASX:TCL) has received a confidential judgement from the Supreme Court of Victoria. This involves litigation initiated by ConnectEast over fees for Melbourne's CityLink. Transurban is ordered to compensate ConnectEast for specific years. This does not impact customer payments.
Transurban's recent court judgement involves a litigation with ConnectEast over CityLink tolling fees. The court has mandated compensation for four sample years. Transurban is considering legal options, including an appeal. This issue does not affect their FY25 distribution guidance set at 65 cents per security. The company remains focused on its strategic goals without altering customer payments or distribution plans.
The announcement is authorized by Transurban Group's CEO, Michelle Jablko.