Trains consortium, comprising DIF Infrastructure V, CIMIC Group companies Pacific Partnerships, UGL and CPB Contractors, and Construcciones y Auxiliar de Ferrocarriles (CAF), has reached financial close on the Regional Rail design, build, finance and maintain project in New South Wales (NSW), Australia.
The availability based contract with Transport for NSW includes delivery of a new regional rail fleet, along with a purpose built maintenance facility in Dubbo, New South Wales. The fleet will enter service progressively from 2023 and will deliver a new standard in reliability, safety and comfort for regional and interstate travellers.
Rolling stock manufacturer CAF, will be responsible for building 117 new rail cars which are based on its successful Civity platform. CAF, together with CPB Contractors, will develop the maintenance facility and UGL will be responsible for maintaining the fleet and maintenance facility for the initial 15-year concession.
The Momentum Trains consortium was advised by MUFG (financial) and Herbert Smith Freehills (legal).
Country updates
-
-
February 14, 2019
CIMIC, CAF, DIF sign US$900 million PPP contract to replace New South Wales regional rail fleet
The government of New South Wales, a state in the south-east of Australia, has signed a contract with Momentum Trains for the design, construction, financing and maintenance of a new regional rail fle...
Read more -
February 11, 2019
Sydney light rail inquiry recommends review of PPPs
A parliamentary inquiry into the South East Light Rail Project in Sydney has recommended a review for the effectiveness of public-private partnerships (PPPs) in delivering significant infrastructure p...
Read more -
February 05, 2019
NSW Government in negotiations with Acciona over light rail PPP
The Government of New South Wales in Australia through its Transport Ministry is in talks with Spanish company, Acciona, to settle the dispute that has stalled the construction of the AU$2.1 billion (...
Read more -
January 31, 2019
Global Infrastructure Hub announces new CEO
The Global Infrastructure Hub (GI Hub) has unveiled the appointment of Marie Lam-Frendo as its new CEO for the company, effective 28 January 2019. GI Hub was established by the G20 in 2014 to deliver...
Read more -
January 29, 2019
Corsair Capital sells stakes in DP World Australia to DP World
Corsair Capital, through the fund managed by its investment arm, Corsair Infrastructure Partners, has agreed to sell its stakes in DP World Australia (Holding) Pty Ltd to DP World and new investment f...
Read more
