QIC Doubled Queensland Motorways Value in Four Years to Fund State Pension
Ross Israel · Ross Israel - Stable, Predictable Cash Flows (EP.53) · May 21, 2018 · at 15:32
Ross Israel, Head of Global Infrastructure at QIC, describes restructuring and expanding Queensland Motorways after it was vested into the state's defined benefit pension fund.
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“It had two toll roads when we acquired it, And then we added three other toll roads that the city owned, and we built a network company. And then we sold it four years later for about a two times money multiplier, which was a great deal for the Defined Benefit Fund because it basically meant that it was fully funded.”
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