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    This Month

    Home building faces Productivity Commission probe

    The new inquiry comes amid housing industry doubts that the Albanese government will achieve its goal of 1.2 million homes to be built over the next five years.

    • John Kehoe
    Terry Snow at Canberra Airport in 2019.

    Canberra Airport developer Terry Snow dies

    His biggest legacy was in property development and philanthropy, but his family also praised him as “a family man and a man who sought adventures”.

    • Ronald Mizen
    Transurban operates the Legacy Way tunnel under a concession agreement with the Brisbane City Council

    Transurban’s Brisbane toll road operations scrutinised by council

    The company has been forced to hand over toll road operational manuals to the Brisbane City Council after the government authority demanded information on responses to traffic accidents.

    • Jenny Wiggins

    July

    Artist impression of the CouriersPlease Western Sydney warehouse.

    Alibaba-backed Singapore Post shops Australian assets

    Street Talk can reveal Bank of America has been mandated to sell the Singapore group’s Australia unit which is understood to be making about $100 million in earnings.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Sydney Metro chief executive Peter Regan and Transport Minister Jo Haylen in front of the entrance to the Barangaroo metro station.

    Sydney metro line delayed days before opening

    The National Rail Safety Regulator is yet to sign off on the $21.6 billion project’s latest section, just five days before the state government said it would open to passsengers.

    • Staff reporters
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    The Fin podcast with David Marin-Guzman

    Building bad: Inside the CFMEU investigation

    This week on The Fin podcast, David Marin-Guzman on his nine-month investigation into the CFMEU, why the response shocked insiders and whether there might be lasting change.

    Queensland Airports Limited sellers have one less bidder vying for their joint 74.25 per cent stake.

    Au revoir! Vinci out at Queensland Airports auction as bids land

    It’s the second time that Vinci, an investor in London’s Gatwick, Osaka’s Itami, Santiago and Lisbon, has missed out on adding an Aussie airport to its portfolio.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Data from Transurban shows the green pacemaker lights are helping reduce time spent in the tunnel by 50 seconds per trip.

    Transurban’s Queensland office shake-up leads to departures

    The branch, which manages six toll roads, is losing more senior staff following a restructure and investigation into whistleblower complaints.

    • Jenny Wiggins
    Drivers who use Sydney’s Eastern Distributor toll road would have to pay toll fares in both directions if the government adopts the recommendations of a toll road review.

    Sydney’s toll road overhaul is set to target the rich

    Drivers who live in some of the city’s priciest suburbs may pay extra, but the benefits of reducing fares on many of its other motorways will be worth it.

    • Jenny Wiggins

    Surely everyone knew the CFMEU’s dirty secrets?

    Given the money flows between the union, criminals, building companies and the Labor Party, cleaning out this poison must surely require action by federal or state corruption bodies.

    • The AFR View
    AirTrunk founder Robin Khuda has four bidders in the bag for the $15 billion-plus data centre business.

    Inside AirTrunk’s pitch to the world’s heaviest hitting investors

    Also around the boardroom table: the same Blackstone team who ruled off a $US10 billion ($14.8 billion) takeover of QTS in 2021

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Sydney’s Rozelle Interchange gives traffic from Transurban’s WestConnex tunnels direct access to two of the Anzac Bridge’s four lanes leading into the CBD.

    Transurban contracts have ‘concerning’ lack of transparency: inquiry

    The findings of a NSW parliamentary probe called after the opening of the Rozelle Interchange comes ahead of a government review into Sydney’s toll road system.

    • Jenny Wiggins

    Caught on film: How Setka and the CFMEU wield their power

    Videos show John Setka delivering a suitcase message to a rival’s home, and other officials issuing threats and boasting of the union’s total control.

    • Nick McKenzie, Ben Schneiders and David Marin-Guzman

    Bikies, underworld figures and the CFMEU takeover of construction

    ‘It’s a cancer that spreads ... we’ll all pay for it’: This is the investigation into CFMEU power that prompted union boss John Setka to quit.

    • Nick McKenzie, David Marin-Guzman and Ben Schneiders
    Southern Water’s Kingston wastewater treatment facility. The company is largely owned by Macquarie.

    Macquarie-owned water company faces $103m fine

    Britain’s water regulator said Southern Water is too heavily geared, and must pay a fine if it doesn’t improve its “inadequate” business plan.

    • Hans van Leeuwen
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    Gold Coast Airport accounted for 74 per cent of QAL’s FY23 revenue.

    AustralianSuper, Gold Coast Council fly into Queensland Airports sale

    The super fund is said to be weighing a sole bid, even though it would be in hot demand with overseas bidders seeking a local partner.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Aurizon wants to haul more goods from South Australia’s ports

    Aurizon acquisition could push up cargo prices: ACCC

    The company’s attempts to move into stevedoring in South Australia as it expand its bulk freight business could be used to “frustrate” rivals, the regulator said.

    • Jenny Wiggins
    Five former employees in Transurban’s Brisbane office have filed Fair Work claims against the tollroad group.

    Transurban beds down new executive team after restructure

    An operations manager has left Transurban’s Brisbane office as the toll road group’s new executive management team tries to shake off claims it breached the Fair Work Act.

    • Jenny Wiggins
    Toll road group Transurban is defending six Fair Work claims.

    Transurban denies employee fired for whistleblowing

    The toll road group has asked courts to dismiss a claim brought by a former employee who alleged he lost his job after alleging coercion, manipulation of company records and safety failings.

    • Jenny Wiggins

    June

    Housing construction has slowed substantially amid high interest rates and cost-of-living pressures.

    $11b swoop on ASX building giants leaves James Hardie the lone prize

    The CSR, Boral and Adbri buyouts come at a low point in the construction cycle, with better times expected from mid-2025 once interest rate cuts arrive.

    • Simon Evans