Canberra Light Rail Project concession signed
This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.
Canberra Metro PC Pty Ltd, a joint stock company established by Mitsubishi Corporation, Pacific Partnerships, John Holland and Aberdeen Infrastructure Investments, has signed an agreement with the Australian Capital Territory Government for a concession to undertake Light Rail Transit (LRT) operations in Canberra under a PPP scheme.
In early February we published that Camberra Metro consortium had been selected as the preferred bidder for the delivery of the light rail PPP project in Canberra. The consortium is formed by Pacific Partnerships, Mitsubishi Corporation, Aberdeen Infrastructure Investments Limited, John Holland, DB International, Leighton Contractors, Construcciones y Auxiliar de Ferrocarriles (CAF) and Bank of Tokyo-Mitsubishi.
Pacific Partnerships will also provide operations and maintenance services for 20 years, in partnership with John Holland and DB Engineering & Consulting.
CPB Contractors will deliver the design and construction in a joint venture with John Holland. CAF will supply and maintain the light rail vehicles. Mitsubishi UFJ Financial Group Ltd. is the financial advisor with funding provided by local and international banks.
The total project investment is estimated at approximately A$783 million (US$555 million), which includes a nominal A$610 million plus A$173 million contingency.
The first stage of the Capital Metro project includes design and construction of a 12km light rail route from the fast growing area of Gungahlin to the city, with 13 stops, depot, road, signalling and preparatory works, and the ongoing operation and maintenance of the light rail system.
Country news
-
-
May 16, 2016
Ferrovial exceeds 90% of Broadspectrum
Ferrovial, the global operator of services and infrastructure, has announced that it has received acceptances of its offer for 92.05% of Broadspectrum shares. Ferrovial has extended the offer period until 7pm (Sydney time) on Friday May 20, the date until which remaining shareholders can continue to voluntarily accept it. Read more -
May 11, 2016
Lighthouse Infrastructure announces A$100 m solar fund
Lighthouse Infrastructure Management (Lighthouse) has recently announced the launch of its US$100 million Lighthouse Solar Fund, which will be raised over two investment offer periods. Read more -
May 06, 2016
IFM Investors appoints Rich Randall as the new Global Head of Debt Investments
IFM Investors has announced the appointment of Rich Randall as Global Head of Debt Investments. Mr. Randall will commence his new role on July 1, 2016. Read more -
May 04, 2016
Infra investor IFM Investors appoints chief economist
IFM Investors has announced the appointment of Alex Joiner as Chief Economist, in a newly created role for the firm. Read more -
May 04, 2016
Ferrovial reaches 59% of Broadspectrum
Ferrovial, the global operator of services and infrastructure, has announced that it has received acceptances of its offer and acceptance instructions under the Institutional Acceptance Facility for 59,26% of Broadspectrum shares. The offer will therefore become unconditional. Read more
