Qld Motorways may fetch $6.3 bn

Bidders that include specialist infrastructure investors, pension funds and sovereign wealth funds may be willing to pay a very high multiple for the toll road.

Queensland Motorways may fetch bids as high as $6.3 billion, putting the valuation for the 70-kilometre road and bridge network in the Brisbane area on a par with the auctions of the Botany, Brisbane and Kembla ports, reporting by Data Room has discovered.

Those three ports all sold last year for as much as 25 times 2013 earnings before interest, tax, depreciation and amortisation, a very high valuation for infrastructure. Final bids are due April 22 in an auction managed by Macquarie and UBS.

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