Airtrain Citylink Explained

Airtrain Citylink
Founded:1996
Location City:Brisbane
Industry:Railway infrastructure owner
Owner:Universities Superannuation Scheme
Homepage:www.airtrain.com.au

Airtrain Citylink is a company that was formed to build and operate the Airport line in Brisbane, Queensland, Australia under a BOOT scheme. The line will pass into Queensland Rail ownership in 2036.

History

In 1995, the Queensland Government called for expressions of interest to build the Airport railway line to Brisbane Airport.[1] In May 1996, Airtrain Citylink was named as the preferred proponent, however it would not be until 1999, that an agreement between the government and consortium to build the line was signed.[2] [3] [4]

Airtrain Citylink's shareholders included Macquarie Bank (30%), Colonial First State (20%), Hyder Consulting (15%), GIO General (11%) Transfield Services (10%) and Transroute International (10%).[5] Tracklaying started in August 2000, with the line opening on 5 May 2001.[6] [7] Under the contract, Airtrain Citylink financed and built the line as a BOOT scheme. In 2036, ownership of the line will pass to Queensland Rail.[8] Services are operated under contract by Queensland Rail.

In 2013, Airtrain Citylink was purchased by Universities Superannuation Scheme.[9] [10]

External links

Notes and References

  1. "Airport link" Railway Gazette International February 1996 page 62
  2. https://statements.qld.gov.au/statements/26 Brisbane Airport Rail Link Deadline Extended
  3. https://statements.qld.gov.au/statements/2668 Brisbane Airport Rail Link Deed Signed
  4. "Brisbane Airport rail link go-ahead" Railway Digest June 1998 pages 26, 27
  5. https://www.railwaygazette.com/news/brisbane-airport-bot/27609.article Brisbane airport BOT
  6. "Airport Line Tracklaying Commences in Brisbane" Railway Digest October 2000 page 11
  7. https://web.archive.org/web/20090709142214/http://www.transfield.com.au/activities/brisbane_airtrain.htm Brisbane Airtrain
  8. Web site: 11 February 1999. Brisbane Airport rail link to go ahead. Ministerial Media Statements.
  9. http://www.couriermail.com.au/business/airtrain-set-for-sale-to-british-pension-fund-for-109m/story-fnefl294-1226542137357 Airtrain set for sale to British pension fund for $109 m
  10. http://www.moneymanagement.com.au/news/superannuation/uk-pension-scheme-buys-brisbane-railway UK pension scheme buys Brisbane railway