Queensland agrees Brisbane bridge and motorway deal

The authorities in Queensland, Australia have agreed a 50-year deal over the tolling rights for the Go Between bridge and the Legacy Way motorway in Brisbane. The agreement was settled by the Queensland Investment Corporation (QIC). Under the terms of the deal, Brisbane City Council will be paid by QIC-owned Queensland Motorways Limited (QML) from A$1.08 billion to A$1.58 billion over a seven year period. Brisbane City Council will retain ownership of the tunnel and bridge and the plan is to use the revenue
July 17, 2013 Read time: 2 mins
The authorities in Queensland, Australia have agreed a 50-year deal over the tolling rights for the Go Between bridge and the Legacy Way motorway in Brisbane. The agreement was settled by the Queensland Investment Corporation (QIC). Under the terms of the deal, Brisbane City Council will be paid by QIC-owned Queensland Motorways Limited (QML) from A$1.08 billion to A$1.58 billion over a seven year period. Brisbane City Council will retain ownership of the tunnel and bridge and the plan is to use the revenue from yearly upfront payments for other infrastructure improvements. This income stream will be directed towards building new road infrastructure in Brisbane with works including the upgrade to Kingsford-Smith Drive. QML’s payments to the council will start with A$112 million in 2013 and A$131 million in 2015. If the expected traffic volume of 24,000 vehicles/day is exceeded, the council will be paid more by QIC. The tolling rights deal will boost the chances of QML of purchasing Brisbane's Clem Jones and Airport Link tunnel. The deal is subject to approval by council and also from the federal and state governments.
Highway & Network Management

Related Content

  • S&P Global Rating: credit stability for toll road operators
    August 14, 2017
    The outlook is generally stable for business conditions and credit quality for toll roads worldwide, according to the latest survey from ratings agency S&P Global.The exception is the US where the overall outlook is “positive”, noted the report S&P Global Ratings' 2017. The 21-page report considers broad economic and industry-specific trends. It looks at economic conditions, demographic trends and geopolitical risks that affect the movement of people and goods. “We expect stable or improving, but still frag
    Read More
  • Australia’s road safety problems are a cause for concern
    January 23, 2019
    The Australian Road Research Board (ARRB) has highlighted key problems with road safety. According to the ARRB, these issues must be addressed if Australia’s road casualty rate is to be reduced. Road death tolls are being reduced as he latest results show, but more work needs to be done. According to the ARRB, the road death tolls in Victoria dropped 20% for 2018 when compared with the previous year. This is a major improvement, showing the gains made by Victoria’s road agency VicRoads and the state’s Tr
    Read More
  • Salini Impregilo shortlisted for Rozelle Interchange and Iron Cove
    May 23, 2018
    A Salini Impregilo consortium has been shortlisted to design and build the Rozelle Interchange and Iron Cove Link as part of Sydney’s WestConnex project. WestConnex, the biggest road development in Australia, is likely to cost around US$12.6 billion. At an estimated value of about $2.65 billion, the Rozelle Interchange and Iron Cove Link was commissioned by the New South Wales state government. It will include an underground motorway interchange to City West Link and underground bypass of Victoria Roa
    Read More
  • Importance of continued transportation investment
    February 27, 2012
    The US infrastructure network requires urgent attention - * T Peter Ruane. America's transportation infrastructure was once the "shining light on top of the hill." Major investments in a national highway, bridge, transit, airport, port and waterway system during the 20th century paid great dividends. The free and efficient flow of goods and people across the 50 states led to unparalleled economic expansion. The mobility and prosperity resulting from an interconnected infrastructure was a model for the world
    Read More

Highlighted Content