Feasibility study for Western Sydney light rail completed
Parramatta City Council, a local government in the western region of Sydney, has now completed the two part $1 million feasibility study for the proposed Western Sydney Light Rail Network.
The Western Sydney light rail network feasibility study, carried out with the assistance of Parsons Brinckerhoff, Hassel, PwC, Elton Consulting, GHD, Arup and Hill PDA, evaluated 15 possible corridors.
Part 1 of the study identified the 15 mentioned strategic corridors within 15km of Parramatta and assessed them for their potential to address the challenges facing the region. A series of multi-criteria (transport, land use, economic, social & health and environment) gateway assessments were undertaken to identify a network of four lines and a first stage of two lines. The study concluded that light rail was indeed feasible.
The first stage of the Western Sydney network's comprises two vital links to the north and north-east with a length of 24 Kilometres with 25 potential stations.
According to the Feasibility study, the estimated investment for the first phase of the project is $1.7 billion. The operation would cost $32 million per year.
The council is now calling both State and Federal Governments to fund a detailed study to further investigate the first stage and prepare a business case. It is estimated that this will cost up to $20 million.
Source: Parramatta City CouncilCountry news
-
-
September 09, 2013
MTAA Super sells Mildura hospital PPP project to Victoria state
Access Capital Advisers and MTAA super have announced that the Motor Trades Association of Australia Superannuation Fund (MTAA Super) has successfully sold its interest in Mildura Base Hospital to the State of Victoria. Access Capital Advisers advised MTAA Super on their original acquisition of the Hospital in 2001 and has managed the asset since that time. Read more -
September 10, 2013
Jacobs acquires Australian engineering firm in a US$1.1 billion deal
Jacobs Engineering Group Inc. has announced that it entered into a merger implementation agreement with Sinclair Knight Merz (SKM), a 6,500-person professional services firm headquartered in Australia, for approximately AUS$1.3 billion in cash (approximately US$1.2 billion as of the date of this release). The purchase price reflects an enterprise value of AUS$1.2 billion (US$1.1 billion) plus adjustments for cash, debt and other items. Read more -
September 10, 2013
Update 1: Four consortia submit EOIs for East-West highway PPP project in Melbourne
Victoria Government has received expressions of interest from four groups to build the first stage of the East West Link. Read more -
September 16, 2013
Investec to sell Australian wind farm
South African bank, Investec Ltd., has announced that it is looking for buyers for a wind farm estimated to cost US$813 million, following a restructure of its Australian business. Read more -
September 19, 2013
PacificHydro reaches financial close for Portland wind warm
Pacific Hydro has announced that its Portland Wind Energy Project, Read more
