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

  • Importance of continued transportation investment
    May 2, 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
  • Astec’s Shuttle Buggy lands in Australia
    March 5, 2024
    Performance reliability of the Roadtec SB-3000 Material Transfer Vehicle was a key factor in the contractor Boral’s decision to use it for paving work on the Western Sydney Airport Project.
    Read More
  • Stantec: coming to an infrastructure site near you
    April 13, 2017
    Acquisitive Canadian firm Stantec is snapping up more transportation expertise as it moves out of its home North American market. David Arminas reports. Last December, politicians from the US states of Kentucky and Indiana celebrated the opening of the second of two major bridges. A ribbon-cutting ceremony took place in cold wintry weather on the new 762m-long cable-stayed Lewis and Clark Bridge. The event marked the finish of the prestigious three-and-half-year Ohio River Bridges Project.
    Read More
  • Latin America invests in infrastructure growth
    February 15, 2012
    Travelling in one of the world's most diverse regions is not always easy, but spectacular engineering feats will make life easier as Patrick Smith reports. Five years ago a report from the World Bank noted that infrastructure in most of Latin America and the Caribbean (LAC) had improved over the previous ten years.
    Read More

Highlighted Content