CDPQ acquires 24.9% equity stake in Sydney metro trains PPP project
Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, announces today the acquisition of a 24.9% stake in the public-private partnership (PPP) contract for the trains, systems, operations and maintenance of Sydney Metro, Australia’s biggest public transport project, which includes both the North West and City & Southwest lines. The total value of the transaction is AUD 167 million (USA 113.45 million). Other investors include MTR Corporation Limited, Marubeni Corporation, Plenary Group and CIMIC Group Limited.
The Metro North West Line opened in May 2019 with 13 metro stations in Sydney’s North West. It is being extended into the Sydney city centre and beyond to Bankstown by 2024, when Sydney will have 31 metro stations and a stand-alone 66-km metro railway.
Country updates
-
-
November 29, 2019
Contract for the extension of metro line in Australia
Sydney Metro has exercised a pre-agreed extension to the existing Northwest Rapid Transit (NRT) Public-Private Partnership contract, which was awarded in 2014 to for the operation of the Metro North W...
Read more -
November 27, 2019
GI hub launches InfraChallenge competition seeking digital infrastructure solutions
Global Infrastructure Hub (GI Hub) has launched an international competition designed to disrupt the infrastructure industry through new digitally-driven solutions. InfraChallenge invites ap...
Read more -
November 25, 2019
WSP group acquires Elton Consulting Group
WSP Global Inc. has announced that it has acquired Elton Consulting Group Pty Ltd. The transaction was financed using WSP’s available cash and credit facilities. Elton Consulting Grou...
Read more -
November 22, 2019
Australia plans to launch infrastructure projects worth AUD 2.6 billion (US$ 1.77 billion)
The government of Australia has announced plans to fast-track AUD 2.6 billion (US$ 1.77 billion) of infrastructure projects to boost the economy. The projects will cover the sectors of road, railway a...
Read more -
November 13, 2019
USA, Japan and Australia announce Blue Dot Network
The Government of the USA along with Japan and Australia has launched Blue Dot Network initiative, which is designed to fund infrastructure sustainability. The initiative was launched by US commerce s...
Read more
