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Following an expression of interest and procurement process, on 3 June 2015, MIC entered into agreements with Qube to develop and operate intermodal terminals and associated facilities at Moorebank on a precinct comprising land contributed by the Commonwealth. On 24 January 2017, financial close was reached, making the agreements fully effective and allowing development works to commence.

MIC will oversee development of the Moorebank freight precinct to make sure Qube delivers the core components of the precinct infrastructure to the required standards. During operations, MIC's main role will be to monitor Qube’s compliance with its obligation to provide access to the IMEX and interstate terminals on an open and non-discriminatory basis.