The Future Fund and QIC have acquired an interest in the EastLink toll road network sold by New Zealand Superannuation Fund and Teachers Insurance and Annuity Association of America, advised by its investment advisor Nuveen Infrastructure.

The transaction comprises a 19.8 per cent interest in ConnectEast Group, owner of the largest toll road network in Victoria with a 39km toll road (EastLink) and a 1km bypass (Ringwood Bypass).

EastLink is the only major north-south transport artery in Melbourne’s east, connecting the Eastern, Monash, Peninsula Link and Frankston freeways. An average 250,000 vehicles, including 50,000 commercial vehicles use the toll road daily.

QIC Infrastructure’s other transport infrastructure investments include the NorthWestern Roads Group (Westlink M7 and NorthConnex), Port of Melbourne and Port of Brisbane. QIC is also currently assisting the Queensland government in developing a feasibility study for the Gympie Road Bypass Tunnel.

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