The Baird Government is ripping off Sydney toll road users before the roads are even built with motorists set to face toll road increases at least four times greater than the Consumer Price Index (CPI).
For a motorist travelling daily on the M4 East when it’s tolled in 2019 the Government’s toll road pricing policy means they will be charged $244 more per year than if prices increase by CPI.
Recent data released by the Australian Bureau of Statistics has shown the CPI increase for the 2015/16 financial year was just one per cent.
And latest results from toll operator Transurban confirm motorists’ worst fears: revenue from tolls surged 14 per cent to $799 million for the year to June.
Despite CPI increases remaining at a low 1 per cent, the Government will persist with plans to increase tolls on WestConnex and NorthConnex by at least 4 per cent a year.
The tolls have been set so that they increase by a minimum of 4 per cent or more if the CPI goes above 4 per cent.
NSW Labor has demanded that IPART be tasked with setting toll road fees to ensure greater transparency and protection for consumer while also arguing that any increases should be set at CPI.
Quotes attributable to Shadow Minister for Roads, Maritime and Freight Jodi McKay
“Under Mike Baird’s plan motorists are going to be left out of pocket hundreds of dollars each year.
“After asking the public to be patient while construction is underway the Baird Government has decided slugging motorists with overpriced toll roads is a fair reward for their cooperation.
“In some cases the tolls on these roads are due to increase at four per cent for more than forty years.
“It’s plain to see that the Government is turning to motorists back pockets to cover its billion dollar blowouts on Westconnex.”