Transurban Group May Enter Further Partnerships for Projects in Georgia, Says Jarden Research

MT Newswires Live
06 Mar

Transurban Group's (ASX:TCL) current partnership with Ferrovial's Cintra, if successful, could lead to further investment in Georgia, US, according to a Thursday note by Jarden Research.

The company has been evaluating greenfield opportunities in new markets and has teamed up with Cintra for that purpose.

Georgia fits TCL's framework for new opportunities with a "solid" population and job growth, and potential for future enhancements, the note added.

The research firm noted that TCL offers a relatively safer haven in a defensive, high-quality operator compared with Atlas Arteria (ASX:ALX), and the company can manage potential regulatory risks.

Jarden Research maintained its neutral rating and price target of AU$12.40 on TCL.

Transurban Group's shares were down past 1% in recent Thursday trade.

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