The Victorian Government in Australia has finalized the route for stage 1 of the Suburban rail loop project in Melbourne. The route will start at Southland Shopping Centre which is one of the six stations to be developed under the project. Stage 1 of the project will also involve 26 km of twin-bore tunnels between Cheltenham and Box Hill. The project is envisioned to connect every major rail station between Frankston and Werribee via Melbourne Airport.
The estimated investment value for stage 1 pf the project is AUD 2.2 billion (US$ 1.62 billion). Stage 1 of the project is scheduled to commence the works in 2022.
Country updates
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November 30, 2020
Downer EDI to sell blasting services business to Enaex
Downer EDI Limited has entered into an agreement to sell its blasting services business (Downer Blasting Services) to Enaex S.A. The sale price represents an enterprise value of US$ 62 million. Enaex...
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November 30, 2020
Macquarie Data Centres announces 10MW customer contract
Macquarie Telecom Group Limited announced that its Macquarie Data Centres business has entered into a contract for the provision of approximately 10MW of capacity (IT Load) at its Macquarie Park...
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November 24, 2020
Rio Tinto opens new airport at Pilbara for Gudai-Darri iron ore project
Rio Tinto has announced the opening of Western Australia’s newest airport Gudai-Darri iron ore project in the Pilbara where construction is progressing ahead of the expected production ramp...
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November 20, 2020
NSW to sell 49% stake in WestConnex motorway
The Government of New South Wales in Australia is selling the remaining 49% stake in Sydney's WestConnex motorway. Earlier in 2018 Transurban has purchased a 51% stake in the motorway. The capita...
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November 17, 2020
Three shortlisted teams invited to submit proposals for Gowrie-Kagaru rail PPP
Australian Rail Track Corporation (ARTC) has launched a request for proposal (RFP) inviting three shortlisted bidders to submit proposals for the section of Inland Rail from Gowrie outside Toowoomba t...
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