In June 2012, Transurban wrote off its 75% stake in the roadway, and reportedly considered bankruptcy."Should you offload Transurban?" The Motley Fool. http://www.fool.com.au/2013/06/20/should-you-offload-transurban/ Accessed July 19, 2013. Later, in June 2013, it was announced that earnings for the road did not cover debt service, and that Transurban was planning to relinquish ownership to the consortium of European banks that provided over $300 million in financing for the project.Transurban press release dated June 14, 2013. http://www.transurban.com.au/1229247.pdf Accessed July 19, 2013. Despite the de facto bankruptcy, normal operations for the road are expected as current revenue is sufficient to cover operating costs. On May 15, 2014, nearly a year after Transurban walked away, the toll road was transferred to DBi Services, based in northern Pennsylvania.
