Airtrain Citylink

From Wikipedia, the free encyclopedia
  (Redirected from Airtrain (company))
Jump to navigation Jump to search
Airtrain Citylink
IndustryRailway infrastructure owner
Founded1996
Headquarters
OwnerUniversities Superannuation Scheme
Websitewww.airtrain.com.au

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

History[edit]

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]

References[edit]

  1. ^ "Airport link" Railway Gazette International February 1996 page 62
  2. ^ Brisbane Airport Rail Link Deadline Extended Minister for Transport 2 September 1997
  3. ^ Btisbane Airport Rail Link Deed Signed Government of Queensland 21 April 1998
  4. ^ "Brisbane Airport rail link go-ahead" Railway Digest June 1998 pages 26, 27
  5. ^ Brisbane airport BOT Railway Gazette International 1 April 1999
  6. ^ "Airport Line Tracklaying Commences in Brisbane" Railway Digest October 2000 page 11
  7. ^ Brisbane Airtrain Transfield
  8. ^ Airport rail link to go ahead Premier of Queensland 11 February 1999
  9. ^ Airtrain set for sale to British pension fund for $109 m The Courier-Mail 22 December 2012
  10. ^ UK pension scheme buys Brisbane railway Money Management 27 March 2013

External links[edit]