Queensland Asset Sales program

In 2009, the Queensland Government announced its intention to lease four commercial assets via competitive bidding processes. The four assets were:

• Port of Brisbane – the sale of the 99-year lease for the Port is complete, representing $2.3 billion worth of value to the State
• Forestry Plantations Queensland – the sale of FPQ is complete, representing a $613 million value to the State
• Abbot Point Coal Terminal – the sale of the 99-year lease for the Abbot Point Coal Terminal is complete, representing $1.829 billion of value to the State
• Queensland Motorways Limited – the sale of QML will be transferred to the State’s investment arm, Queensland Investment Corporation, at a market value of $3.088 billion

QR National share offer raises $4.6 billion in proceeds for Queensland

QR National listed on the Australian Securities Exchange on November 22, 2010, after the successful completion of the second biggest initial public offering in Australia’s history.