Financial Standard Comments - Super funds drive M5 infra investment deal Several superannuation funds will help finance the widening of Sydney's M5 motorway through investment in the road's operator Interlink Roads Pty Ltd. https://www.financialstandard.com.au/feed/latest?story=19197910 Tue, 07 Aug 2012 11:11:27 +1000 Tue, 07 Aug 2012 11:11:27 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by John Goldberg (Formerly The University of Sydney) The M5 Motorway lost a total of $7.714million in 2011 according to the segment information in the Transurban 2011 audited annual report. The present investment of $22 milion by AMP Capital for example may prove to be inadvisable. It would therefore be reassuring if Mr Paul Foster would provide an insight as to how he arrived at his investment decision. Also why he may believe that investment in road infrastructure is an appropriate match for the long term liabilities of the superannuation funds, given that money has a time value. In other words, money received in the future has to be discounted due to the existence of positive interest rates.

Dr John L. Goldberg
Former Honorary Associate
The University of Sydney

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