Airtrain Citylink is a company that was formed to build and operate the Airport line under a BOOT scheme. The line will pass into

Queensland Rail Queensland Rail (QR) is a railway operator in Queensland, Australia. Owned by the Queensland Government, it operates local and long-distance passenger services, as well as owning and maintaining approximately 6,600 kilometres of track and relate ...

ownership in 2036.

History

In 1995, the

Queensland Government The Queensland Government is the democratic administrative authority of the Australian state of Queensland. The Government of Queensland, a parliamentary constitutional monarchy was formed in 1859 as prescribed in its Constitution, as amended f ...

called for expressions of interest to build the Airport railway line to Brisbane Airport. 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. Airtrain Citylink's shareholders included

Macquarie Bank Macquarie Group Limited () is an Australian global financial services group. Headquartered and listed in Australia (), Macquarie employs more than 17,000 staff in 33 markets, is the world's largest infrastructure asset manager and Australia's t ...

(30%),

Colonial First State Colonial First State (CFS), is an Australian wealth management group that provides investment, superannuation and retirement products to individuals and corporate and superannuation fund investors. History The company was established in 1988 ...

(20%),

Hyder Consulting Hyder Consulting was a multi-national advisory and design consultancy with particular specialisation in the transport, property, utilities and environmental sectors. The firm employed approximately 4,200 people across the UK, Europe, Germany, Midd ...

(15%),

GIO General GIO, is an Australian general insurance provider. It offers insurance products, such as car, home and contents, CTP, boat, caravan, travel, business, public liability and workers compensation and life, primarily in the state of New South Wales ...

(11%)

Transfield Services Broadspectrum, formerly known as Transfield Services, was an Australian and New Zealand company that provided infrastructure maintenance services. Formerly listed on the Australian Securities Exchange, and later owned by Ferrovial, it was the ...

(10%) and Transroute International (10%). Tracklaying started in August 2000, with the line opening on 5 May 2001. Under the contract, Airtrain Citylink financed and built the line as a BOOT scheme. In 2036, ownership of the line will pass to

. Services are operated under contract by Queensland Rail. In 2013, Airtrain Citylink was purchased by

Universities Superannuation Scheme The Universities Superannuation Scheme is a pension scheme in the United Kingdom with £89.6 billion under management as of August 2021 (up from £67 billion in 2019). It has over 400,000 members, made up of active and retired academic and aca ...

.UK pension scheme buys Brisbane railway
Money Management 27 March 2013

References

{{Reflist

External links

Airtrain
Companies based in Brisbane Railway infrastructure companies of Australia Queensland Rail City network Australian companies established in 1996 Railway companies established in 1996