Transurban Group (ASX:TCL) expects to finalize a draft in-principle agreement with the New South Wales government before the end of the year, following the government's recent announcement regarding stage 2 of the state's toll reform process, according to a Friday filing with the Australian bourse.
The agreement, which sets out further areas to discuss and refine for the next stage of creating a toll network, is expected to be signed off by concessionaires who hold the 10 privately owned toll road concessions of Sydney's 13 toll roads, the government said in a same-day statement.
Shares of the company fell almost 1% in recent Friday trade.
Price (AUD): $12.74, Change: $-0.12, Percent Change: -0.89%
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