The Queensland Government has announced the state’s road industry is set to receive further details for a planned injection of up to $450 million in asset management contracts.

State Transport and Roads Minister, Scott Emerson, said that the contracts would provide a much needed boost for the sector, and forms part of the on-going reforms to RoadTek first announced in June last year.

“The department will this week launch the procurement process for long-term contracts for major roads in south east Queensland,” Mr Emerson said.

“Firms will register their interest in three, five-year contracts to be called in coming months.

“Previously work on major arterials in south east Queensland was delivered under three separate streams – routine, programmed and rehabilitation.

“By combining this work and delivering it in an integrated fashion we expect to see better outcomes for Queensland roads and motorists across the Gold Coast, Brisbane and Sunshine Coast regions.”

The reform of the process will mean the taxpayer-funded RoadTek will no longer compete with the private sector for work in contested markets.

According to Mr Emerson, RoadTek will still play an important role in regional and remote areas where its expertise and responsiveness delivers, when private firms are unable to do so.