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Queensland Motorways

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Queensland Motorways
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{{Use dmy dates|date=March 2020}}{{Use Australian English|date=June 2011}}







factoids
| footnotes = }}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.WEB,weblink About Queensland Motorways, Queensland motorways, qldmotorways.com.au, 15 April 2013, 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

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.WEB,weblink Queensland asset sales to reap $15 billion, Brisbane Times, Fairfax Media, Marissa Calligeros, 2 June 2009, 20 June 2010, 19 October 2009,weblink" title="web.archive.org/web/20091019142829weblink">weblink live, WEB,weblink Queensland assets sale, qld.gov.au, 20 June 2010, dead,weblink" title="web.archive.org/web/20100414092427weblink">weblink 14 April 2010, 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.WEB,weblink QML transfer finalised, statements.qld.gov.au, 15 April 2013, 15 December 2013,weblink" title="web.archive.org/web/20131215140900weblink">weblink live, This meant that tolls on the Logan and Gateway Motorways were extended to 2051.WEB,weblink Logan Motorway toll to be charged until 2051, not 2018: State Government, Brisbane Times, 27 October 2016, 18 October 2021, 18 October 2021,weblink live, 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.WEB,weblink Qld Motorways transferred in $3bn deal, Brisbane Times, Brisbane Times, 15 April 2013, 12 May 2011,weblink" title="web.archive.org/web/20110512042559weblink">weblink live, 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.WEB,weblink Queensland Motorways reaches settlement of CLEM7 Tunnel, 13 December 2013, www.qldmotorways.com.au, dead,weblink" title="web.archive.org/web/20131217040453weblink">weblink December 17, 2013, 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.NEWS, Queensland confirms $5 billion toll road auction,weblink 15 December 2013, Sydney Morning Herald, 13 December 2013, 14 December 2013,weblink" title="web.archive.org/web/20131214075013weblink">weblink live, On 2 July 2014, a consortium comprising Transurban, AustralianSuper and Tawreed Investments completed financial close on the acquisition of Queensland Motorways for $7 billion.NEWS,weblink Transurban Group Buys Queensland Motorways, 23 April 2014, 1 October 2018, Bloomberg, 10 June 2016,weblink" title="web.archive.org/web/20160610204056weblink">weblink live, WEB,weblink Queensland Motorways seels for $7 billion to private consortium, ABC News (Australia), ABC News, 25 April 2014, 11 August 2022, 6 March 2022,weblink live, WEB,weblink Acquisition of Queensland Motorways complete, 2 July 2014, 9 July 2014,weblink" title="web.archive.org/web/20140714225635weblink">weblink 14 July 2014, dead, The consortium was later known as Transurban Queensland.WEB,weblink Transurban announces financial close on AirportlinkM7, ASX, Transurban, 4 May 2016,weblink" title="web.archive.org/web/20160601063415weblink">weblink 1 June 2016, live, The consortium was later known as Transurban Queensland.WEB,weblink Transurban announces financial close on AirportlinkM7, ASX, Transurban, 4 May 2016,weblink" title="web.archive.org/web/20160601063415weblink">weblink 1 June 2016, live, 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 2009WEB,weblink About go via, /www.govia.com.au, 15 April 2013, 11 August 2022,weblink live, 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.WEB,weblink go via tag, govia.com.au, 15 April 2013, 16 March 2015,weblink live, Alternatively with video sensors identify the vehicle and registration plate number as it passes through a toll point.WEB,weblink go via video, govia.com.au, 15 April 2013, 9 April 2013,weblink live, 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.WEB,weblink How to pay a toll?, 2 February 2017, 16 February 2017,weblink" title="web.archive.org/web/20170216231020weblink">weblink live,

See also

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References

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External links

  • weblink" title="web.archive.org/web/20150113155219weblink">Queensland Motorways (January 2015)
  • weblink" title="web.archive.org/web/20131217084005weblink">go via - go via website.


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