A consortium led by Transurban has bagged the operator of Queensland's toll roads in a $7 billion deal which will see it take control a network of around 70 kilometers of toll road in Brisbane.

In a statement issued to the stock exchange yesterday, the company said a consortium involving itself, AustralianSuper and Abu Dhabi Investment Authority subsidiary Tarweed had reached an agreement with Queensland Investment Corporation (QIC) to buy Queensland Motorways for $7.057 billion. The deal will see Transurban operate Queensland Motorway’s 70 kilometer…