Toll road gives QIC bulk of state sale
THE government-owned Queensland Investment Corporation has emerged as the biggest buyer in the state's asset sale program.
The Bligh government announced yesterday that instead of selling Queensland Motorways on the open market it had entered into an exclusive agreement to sell it to QIC for about $3 billion.QIC also owns 27 per cent of the consortium which a fortnight ago paid $2.1bn for the Port of Brisbane and also undertook to pay $200 million for roadworks Read more [...]