Queensland Motorways
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| Company type | Public |
|---|---|
| Industry | Transport |
| Founded | 1980 |
| Defunct | 2015 |
| Headquarters | , Australia |
Area served | South East Queensland |
| Services | Road infrastructure |
| Subsidiaries | Port Motorway Company Logan Motorway Company |
| Website | www.qldmotorways.com.au |
Queensland Motorways was the company that managed 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 (including Sir Leo Hielscher Bridges and the Gateway Extension) and Logan Motorway.[1] It had its headquarters at Eight Mile Plains.
In July 2014, it was acquired by Transurban Queensland, a consortium comprising Transurban, AustralianSuper and Tawreed Investments. It was rebranded Transurban the following year.
Ownership
[edit]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 meant that tolls on the Logan and Gateway Motorways were extended to 2051.[5] 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.[6]
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.[7] 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.[8] On 2 July 2014, a consortium comprising Transurban, AustralianSuper and Tawreed Investments completed financial close on the acquisition of Queensland Motorways for $7 billion.[9][10][11] The consortium was later known as Transurban Queensland.[12] The consortium was later known as Transurban Queensland.[13]
In late January 2015, the Queensland Motorways corporate brand was replaced by the Transurban brand and logo.
Tolling system
[edit]Queensland Motorways launched its toll payment brand, go via (now known as Linkt) in 2009[14] 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.[15] Alternatively with video sensors identify the vehicle and registration plate number as it passes through a toll point.[16] 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.[17]
See also
[edit]
References
[edit]- ^ "About Queensland Motorways". Queensland motorways. qldmotorways.com.au. Retrieved 15 April 2013.
- ^ Marissa Calligeros (2 June 2009). "Queensland asset sales to reap $15 billion". Brisbane Times. Fairfax Media. Archived from the original on 19 October 2009. Retrieved 20 June 2010.
- ^ "Queensland assets sale". qld.gov.au. Archived from the original on 14 April 2010. Retrieved 20 June 2010.
- ^ "QML transfer finalised". statements.qld.gov.au. Archived from the original on 15 December 2013. Retrieved 15 April 2013.
- ^ "Logan Motorway toll to be charged until 2051, not 2018: State Government". Brisbane Times. 27 October 2016. Archived from the original on 18 October 2021. Retrieved 18 October 2021.
- ^ "Qld Motorways transferred in $3bn deal". Brisbane Times. Brisbane Times. Archived from the original on 12 May 2011. Retrieved 15 April 2013.
- ^ "Queensland Motorways reaches settlement of CLEM7 Tunnel". www.qldmotorways.com.au. 13 December 2013. Archived from the original on 17 December 2013.
- ^ "Queensland confirms $5 billion toll road auction". Sydney Morning Herald. 13 December 2013. Archived from the original on 14 December 2013. Retrieved 15 December 2013.
- ^ "Transurban Group Buys Queensland Motorways". Bloomberg. 23 April 2014. Archived from the original on 10 June 2016. Retrieved 1 October 2018.
- ^ "Queensland Motorways seels for $7 billion to private consortium". ABC News. 25 April 2014. Archived from the original on 6 March 2022. Retrieved 11 August 2022.
- ^ "Acquisition of Queensland Motorways complete". 2 July 2014. Archived from the original on 14 July 2014. Retrieved 9 July 2014.
- ^ "Transurban announces financial close on AirportlinkM7" (PDF). ASX. Transurban. 4 May 2016. Archived (PDF) from the original on 1 June 2016.
- ^ "Transurban announces financial close on AirportlinkM7" (PDF). ASX. Transurban. 4 May 2016. Archived (PDF) from the original on 1 June 2016.
- ^ "About go via". /www.govia.com.au. Archived from the original on 11 August 2022. Retrieved 15 April 2013.
- ^ "go via tag". govia.com.au. Archived from the original on 16 March 2015. Retrieved 15 April 2013.
- ^ "go via video". govia.com.au. Archived from the original on 9 April 2013. Retrieved 15 April 2013.
- ^ "How to pay a toll?". Archived from the original on 16 February 2017. Retrieved 2 February 2017.
External links
[edit]- Queensland Motorways (January 2015)
- go via - go via website.