Queensland Motorways

Queensland Motorways manages the 70 kilometre long Linkt (formerly 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.[1]

Queensland Motorways
TypePublic
IndustryTransport
Founded1980
Headquarters
Brisbane
,
Australia
Area served
South East Queensland
ServicesRoad infrastructure
ParentTransurban (62.5%)
AustralianSuper (25.0%)
Tawreed Investments (12.5%)
SubsidiariesPort Motorway Company
Logan Motorway Company

It is owned by a consortium comprising Transurban, AustralianSuper and Tawreed Investments It has its headquarters at Eight Mile Plains.

Ownership

The company began operating in 1980 as the Gateway Bridge Company.

On 2 June 2009, the Queensland 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.[2][3] Queensland Motorways was included in this process.

In 2011, the Queensland Government transferred ownership of Queensland Motorways to the Queensland Government’s Defined Benefit Fund (a superannuation scheme for Queensland public servants) managed by the Queensland Investment Corporation (QIC). Queensland Motorways now operates under a 40–year Road Franchise Agreement with the state.[4] This transfer set out that the Queensland Government 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.[5]

On 12 December 2013, QIC announced that Queensland Motorways, with an estimated value of more than $5 billion, would be auctioned off. It was claimed that a change of ownership would not have any impact on existing tolls. Indicative bids will be made by the end of January, and then shortlisted bidders will then be requested submit binding bids, with the process scheduled for completion in April 2014.[6] On 2 July 2014 a consortium comprising Transurban, AustralianSuper and Tawreed Investments completed financial close on the acquisition of Queensland Motorways for $7 billion.[7][8][9]

In late January 2015 the Queensland Motorways corporate brand was replaced by the Transurban brand and logo.

Tolling system

Queensland Motorways launched its toll payment brand, go via (now known as Linkt) in 2009[10] to support the introduction of a non-stop, electronic tolling system on its toll road network and on other Australian toll roads.

Vehicles are detected as they travel through a toll point and tolled in two ways. Firstly, with an in-vehicle tag device.[11] Alternatively with video sensors identify the vehicle and registration plate number as it passes through a toll point.[12] Motorists have three days to pay their tolls. If tolls are not paid within that time, offending motorists will receive toll notices, which will include an administration fee, in addition to the toll charge. If payment is still not made upon receipt of the toll notice, a motorist may be issued with a Penalty Infringement Notice.[13]

Acquisitions

In December 2013 Queensland Motorways acquired the rights to manage and toll the CLEM7 tunnel in a $618 million deal with RiverCity Motorway's receivers.[14]

See also

References
  1. "About Queensland Motorways". Queensland motorways. qldmotorways.com.au. Retrieved 15 April 2013.
  2. Marissa Calligeros (2 June 2009). "Queensland asset sales to reap $15 billion". Brisbane Times. Fairfax Media. Retrieved 20 June 2010.
  3. "Queensland assets sale". qld.gov.au. Archived from the original on 14 April 2010. Retrieved 20 June 2010.
  4. "QML transfer finalised". QML transfer finalised. statements.qld.gov.au. Retrieved 15 April 2013.
  5. "Qld Motorways transferred in $3bn deal". Brisbane Times. Fairfax Media. Retrieved 15 April 2013.
  6. "Queensland confirms $5 billion toll road auction". Sydney Morning Herald. 13 December 2013. Retrieved 15 December 2013.
  7. "Transurban Group Buys Queensland Motorways". Bloomberg. 23 April 2014. Retrieved 1 October 2018.
  8. Queensland Motorways seels for $7 billion to private consortium ABC News 25 April 2014
  9. "Acquisition of Queensland Motorways complete". Retrieved 9 July 2014.
  10. "About go via". About go via. /www.govia.com.au. Retrieved 15 April 2013.
  11. "go via tag". go via tag. govia.com.au. Retrieved 15 April 2013.
  12. "go via video". go via video. govia.com.au. Retrieved 15 April 2013.
  13. "How to pay a toll?". Retrieved 2 February 2017.
  14. http://www.qldmotorways.com.au/media/News.aspx?NewsCode=503
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