RiverCity Motorway Group
Stock Code
Stock Exchange
RiverCity Motorway Group (RCY) is a Queensland toll road company that will be the operator of the first private toll road - the Clem Jones Tunnel (CLEM7) in Brisbane. RiverCity Motorway Group engages in the financing, designing, construction, commissioning, operation and maintenance of the Brisbane North-South Bypass Tunnel (NSBT) as a toll road until 2051 under a 45-year concession with the Brisbane City Council (BBC). The Company will hand back the North-South Bypass Tunnel to Brisbane City Council at the end of the 45-year concession period.
RiverCity Motorways' (ASX:RCY) traffic modelling forecaster AECOM Australia (formerly Maunsell) is facing a $700 million IMF-funded investor class action over alleged deceptive and misleading forecasts.
Study the dividend history for RIVERCITY MOTORWAY GROUP. A taxable payment declared by a company's board of directors and given to its shareholders out of the company's current or retained earnings, usually quarterly. Dividends are usually given as cash (cash dividend), but they can also take the form of stock (stock dividend) or other property. Dividends provide an incentive to own stock in stable companies even if they are not experiencing much growth. Companies are not required to pay dividends.
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