The planning process has begun for Stage 4 of the Gold Coast Light Rail project, which will connect Burleigh Heads to Coolangatta via the Gold Coast Airport in Australia.
The 13 km-long southern extension of the light rail project will service such cultural and urban attractions as the Burleigh Head National Park, Palm Beach Village Centre, Currumbin Wildlife Sanctuary, Southern Cross University, Gold Coast Airport, and Coolangatta shopping and business precinct.
The preliminary business case for the rail line and the Gold Coast Highway (Tugun to Coolangatta) Multi-modal Corridor Study are underway and expected to be complete by mid-2022. The Queensland Government has committed AUD1.5 million (US$1.12 million) to undertake the transport planning study (Tugun to Coolangatta) and AUD5 million (US$3.74 million) as a joint state and council funding has been committed to undertake a preliminary business case for light rail planning.
Country updates
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April 06, 2022
Financial close achieved for Stage 3 Gold Coast Light Rail PPP project in Queensland
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....
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April 06, 2022
AustralianSuper, Singtel and Australia Tower Network to acquire Axicom
AustralianSuper and Singtel owned Australia Tower Network (ATN) have announced intent to acquire Axicom. The transaction is valued at AUD3.58 billion (US$2.68 billion). Axicom owns and operates appro...
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March 30, 2022
CIMIC Group to consider HOCHTIEF's offer for the acquisition
CIMIC Group Limited (CIMIC) has released its target statement regarding the off-market takeover offer by HOCHTIEF Australia Holdings Limited, for all of the ordinary shares in CIMIC. HO...
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March 29, 2022
PEP launches Secure Assets Fund II
Pacific Equity Partners (PEP) has launched its second Secure Assets Fund (SAF II) to raise capital for infrastructure-based investments. The target amount for SAF II is US$1 billion. It will focus on...
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March 28, 2022
Contract awarded for USD391 million International Airport PPP project in Australia
The JV formed by Seymour Whyte and BMD have secured a design and construct contract for the new Western Sydney International (Nancy-Bird Walton) Airport.
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