Karl Fitzgerald, 3CR’s Renegade Economist, spoke to independent investigative journalist Michael West (Michaelwest.com.au) about Transurban and its control of Australia’s toll roads.

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Let’s start with some numbers: traffic was up just 1.4% on Transurban toll roads over the past six months, but toll revenues were up 9.6% and the earnings before tax trickery by 11.6%. But its net profit was up a staggering 280% in just six months. What does that mean?

Several thousand people from about 30 community groups and trade unions joined forces in the first mass Fix NSW Transport march and rally through Sydney on February 17.

United in anger at the state Coalition government's private tollway frenzy, privatisation of public transport and developer scams parading as infrastructure plans, they called on the government to fix NSW roads and public transport.

Community groups from across NSW came out to rally against Westconnex and attacks on public transport on February 17.

The transport system in Australia is in crisis. The push by governments and the private roads lobby to build more tollways, sell off our public transport to the big corporations is worsening services, raising costs and creating a transport impasse for the public.

At the centre of this is the current transport disaster in Australia’s biggest city, Sydney.

A coalition of anti-tollway groups has called for a mass rally early next year to bring together communities fighting against the controversial $18 billion WestConnex tollway and other disastrous road projects being pushed by the NSW Coalition government. The rally is planned for February 17 at 2pm.

A rally outside NSW Parliament on November 22 delivered more than 5000 letters to Premier Gladys Berejiklian, calling her to halt the controversial WestConnex tollway and initiate a thorough review of the wasteful $18 billion project.

Greens MPs Jenny Leong and Jamie Parker, City of Sydney Deputy Mayor Jess Miller, independent MP Alex Greenwich and Inner West councillor Pauline Lockie called on the NSW government to listen to the growing opposition.

Investment bank Goldman Sachs is set to reap $16.5 million in NSW taxpayers' funds for a mere 11 months work as financial advisor to the state government on privatisation of the controversial $16.8 billion WestConnex tollway. The money will be paid for work between August this year and next July, in flogging off 51% of the Sydney Motor Corporation (SMC) which is building WestConnex.

The corporate vampires are circling as the sell-off process advances, with Transurban the favorite to buy WestConnex. Transurban already owns most of the toll roads in Sydney.

In an astounding display of bureaucratic arrogance, the chief of the company building the controversial $17 billion WestConnex tollway complex described the reintroduction of tolls on the widened M4 motorway as "exciting", while dismissing concerns about the health impacts of exhaust ventilation stacks planned for the route of the WestConnex tunnels.

In some sort of sick joke, residents of the inner west suburbs of St Peters and Haberfield have been sent earplugs by WestConnex after complaints to it about the incessant and loud noise caused by the construction of this controversial $17 billion tollway.

NSW Premier Gladys Berejiklian has been referred to the Independent Commission Against Corruption (ICAC) by Greens MP Jamie Parker over her 2012 decision to grant a 20-year lease extension on government-owned land in Leichhardt without going to public tender.

Anti-motorway community group Leichhardt Against WestConnex (LAW) has demanded that negotiations to buy the contentious Dan Murphy’s bottleshop site in Darley Road for use as a mid-tunnel dive site for the WestConnex M4-M5 Link must stop until details of its lease to a private company are independently examined.


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