NSW Labor fluffs Transurban with taxpayer millions

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Earlier this month, the NSW Perrottet Government announced that it will subsidise residents to travel on Transurban’s private toll road network:

About half a million NSW motorists will receive cash rebates paid quarterly into their bank accounts under the NSW Government’s Toll Rebate Scheme to be included in this month’s Budget…

“This new program will provide more relief, more often to more motorists. The number of road users receiving toll relief will more than double. Almost 300,000 extra drivers will benefit,” [Premier Dominic] Perrottet said…

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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.