Queensland Motorways
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|
| Public | |
| Industry | Transport |
| Founded | 1980 |
| Headquarters | Brisbane, Australia |
|
Area served
|
South East Queensland |
| Services | Road infrastructure |
| Parent |
Transurban (62.5%) AustralianSuper (25.0%) Tawreed Investments (12.5%) |
| Subsidiaries | Port Motorway Company Logan Motorway Company |
| Website | www |
Queensland Motorways manages the 70 kilometre long go via network of tolled roads in Brisbane which includes the: Clem Jones Tunnel (CLEM7), Go Between Bridge, Gateway Motorway and Sir Leo Hielscher Bridges; the Gateway Extension, Logan Motorway and Legacy Way.
The company began operating in 1980 as the Gateway Bridge Company. It has its headquarters at Eight Mile Plains. In 2011, the State Government transferred ownership of Queensland Motorways to the State’s Defined Benefit Fund (under the management of Queensland Investment Corporation). In July 2014 Queensland Motorways was sold to a consortium comprising Transurban, AustralianSuper and Tawreed Investments.
In late January 2015 the Queensland Motorways corporate brand was replaced by the Transurban brand and logo.
On 2 June 2009, the State Government announced the 'Renewing Queensland Plan' that would sell assets to raise $15 billion, and avoid a further $12 billion required in future capital investment. Queensland Motorways was included in this process.
In 2011, the State Government transferred ownership of Queensland Motorways to the State’s Defined Benefit Fund managed by the Queensland Investment Corporation (QIC). Queensland Motorways now operates under a 40–year Road Franchise Agreement with the state. This transfer set out that the state would continue to own the road and bridge infrastructure on the Gateway and Logan Motorways, while QIC would own the QML business and the right to toll the motorways. It also limited toll increases to not exceed CPI increases.
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Wikipedia