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While residents of Sydney and Melbourne are suffering from crush-loaded roads, trains, schools, hospitals, and prisons, as well as hideously expensive housing, toll road company Transurban yesterday reported a massive lift in profits as Australia’s mass immigration ‘Big Australia’ policy continues to feed it customers. From The Canberra Times:
Tollroad giant Transurban has more than doubled its annual net profit to $468 million as higher road-user fees saw its revenue growth outstrip traffic growth fourfold.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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