GoldlinQ consortium, the project owner for Stage 3 of the Gold Coast light rail concession in Australia, has achieved financial close after raising AUD1.2 billion (US$916.47 million) for the project.

The consortium is formed by Amber infrastructure Group and Plenary Group. In addition to the private financing component, the project received funding from the Australian and Queensland governments and the City of Gold Coast.

The scope of work for the project involves a 6.7 km extension of the LRT track running south from Broadbeach to Burleigh Heads. It will include eight new stations, five additional light rail trams, new bus and light rail connections at Burleigh and Miami, and an upgrade of the existing depot and stabling facilities.