Ventia has announced its agreement to divest the Toowoomba Second Range Crossing (TSRC) to a joint venture between Acciona and Ferrovial.

The TSRC, a 41km open road bypass, was constructed under a public-private partnership (PPP) and Ventia served as the operations and maintenance services provider.

The contract, which was acquired as part of Ventia's purchase of Broadspectrum in 2020, is set to expire in 2043.

The joint venture will pay Ventia $6.3 million for the novation, which will result in a reduction of approximately $340 million in Ventia's work in hand.

Ventia expects a positive one-off impact of $20-25 million on its statutory net profit after tax for the half-year ending June 30, 2025.

The company plans to publish an underlying half-year 2025 NPATA based on its performance, excluding this one-off impact.

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