Attn: David Lynch                                             7 October 2009
      CEO City North Infrastructure
      Level 30, Comalco Place
      12 Creek Street
      Brisbane Q 4000

Subject: BrisConnections Early Delivery Tolling Profit

David, Hi.

I am writing to you to obtain clarification of your understanding of tolling
profits for BrisConnections should the Airport Link project be delivered
early.

In the Project Deed documentation for the Airport Link project, available
on the City North Infrastucture website "the State" party is defined as:

  "The State of Queensland c/- The Chief Executive Officer, City North
   Infrastructure Pty Ltd, Level 30 Comalco Place, 12 Creek Street, Brisbane,
   Queensland 4000 ("the State").

As CEO of City North Infrastructure representing the State Government I
anticipate you have a firm grasp of all issues and ramifications
surrounding possible early project delivery.

I would like to draw your attention to financial modelling, based on
the BrisConnections Product Disclosure Statement (PDS), 24 June 2008,
which indicates BrisConnections would be eligible for an additional
$12 Million profit for each month they deliver the project earlier
than the Airport Link project deadline of June 2012.  This figure is
based on projected traffic flows and planned toll rates contained in
the PDS.

I have a single question for you:

  "Could you please elucidate your understanding of the figure
   BrisConnections will obtain through tolling profits for any
   early delivery of the project?"

  * A monthly figure rounded to the nearest $ Million would suffice.

I understand BrisConnections may have more detailed information.
This is not the information I am after.  I am after your understanding
in the position as CEO of City North Infrastructure.

Best Regards,

Greg.

-- 
Greg Davis
SECRETARY
Kalinga Wooloowin Residents Association