## directors’ report 

on the Financial Report of Transurban City Link Limited and Controlled Entity. 

## ENVIRONMENTAL REGULATION 

As Operator, TLO must ensure it complies with EPA regulations. To meet this obligation, TLO monitors the emission of carbon monoxide, oxides of nitrogen and particulate matter from the Domain and Burnley Tunnel ventilation stacks. In addition, the Operator monitors ambient air quality around the tunnels. Current monitoring indicates emission levels from the stacks are well below the EPA licence limits, and that there has been an improvement in air quality since the tunnels opened. 

TLO is also required to regularly test the quality of the groundwater being discharged into the Yarra River. Tests show the water meets the standards under State Environment Protection Policy for water. 

## INFORMATION ON DIRECTORS 

## Laurence G Cox AO, B Com, FCPA, FSIA 

Mr Laurie Cox has had many years’ experience in Australia’s financial markets. He was the Chairman of the Australian Stock Exchange Limited from 1989 to 1994. Prior to joining Transurban, Mr Cox was Executive Chairman of the Potter Warburg Group of Companies and a Director of S G Warburg Securities of London. He is a director of Macquarie Bank Limited and Smorgon Steel Group Ltd and Chairman of Argosy Asset Management Australia Ltd, The Murdoch Childrens Research Institute and SMS Management Group and Technology Ltd. Age 62. 

## Kimberley Edwards BE, MAdmin (Bus), FIE (Aust) 

Mr Kim Edwards has extensive experience managing major commercial and infrastructure projects in Australia, UK and the Middle East. Prior to joining Transurban, he was General Manager - Projects for Transfield, and was responsible for assembling the successful bid for the Melbourne City Link Project. He was Project Director for Jennings Group’s $650 million Southgate development in Melbourne and has worked overseas on large port infrastructure projects. Age 50. 

## W H John Barr AM 

Mr John Barr has considerable experience in the Australian minerals and metals industry. He was Managing Director of the Australian subsidiary of Metallgesellschaft AG from 1974 until his retirement in June 1994. He is Chairman of Utilities of Australia Pty Ltd and The Swish Group Ltd, and a director of Iluka Resources Ltd and Oxiana Resources NL. Age 64. 

## Peter C Byers B Com (Hons) 

Mr Peter Byers is a founding director and current Chairman of the Investment Committee of the Superannuation Scheme for 

Australian Universities. He was formerly business manager and deputy principal of the University of Tasmania. He is a director of Adelaide Airport Ltd and Hills Motorway Ltd, a director of the responsible entity of Hills Motorway Trust and a director of the Blair Athol Group. He is an alternate director for Hancock Victorian Plantations Holdings Ltd. Age 60. 

## Geoffrey O Cosgriff BAppSc, Company Director Diploma, FIE (Aust), FAICD 

Geoff Cosgriff is the Managing Director of Energy and Utilities Logica Pty Ltd following the sale of the MITS business to Logica Pty Ltd. He was the Managing Director of MITS Limited since the company commenced operation in 1990. Over this period, MITS grew to 600 staff and nearly $100m in sales of information technology solutions. He is also director of Utility Services Corporation and Skilltech Consulting Services. Previously Geoff held executive management roles with Melbourne & Metropolitan Board of Works and has had extensive experience in the information technology industry. Age 48. 

## Jeremy G A Davis BEc, MBA, MA, FAICD 

Professor Jeremy Davis holds the AMP Chair of Management in the Australian Graduate School of Management at the University of NSW. His academic interests are in the fields of business policy and corporate performance. He is Chairman of Capral Aluminium Ltd and a Fellow of the Australian Institute of Company Directors. Professor Davis is a former vice-president and director of the Boston Consulting Group, and a former director of the Australian Stock Exchange, AIDC Ltd and Nucleus Ltd. Age 58. 

## Susan M Oliver BP&C 

Ms Susan Oliver is chair of Screen Sound Australia – The National Screen and Sound Archive and a director of Medical Benefits Fund and Programmed Maintenance Services Ltd. Ms Oliver was formerly a Senior Manager of Andersen Consulting. She has held board positions with the Victorian Institute of Marine Sciences, Interact Events Limited, FHA Design Pty Ltd and The Swish Group Ltd. Ms Oliver was also Managing Director of the Australian Commission for the Future Ltd. Age 50. 

## Geoffrey R Phillips BE (Chem), MBA, MAICD 

Mr Geoffrey Phillips was appointed Finance Director on 28 August 1998 and has been with Transurban for five years. Prior to joining Transurban, he worked for the Potter Warburg Group for 6 years as director in both the Corporate Finance and Fixed Interest Divisions. He is currently a director of Yarra Valley Water Limited. Age 57. 

