Subsidiaries of Australian contractor CIMIC Group have been awarded stage one of the Capital Metro, Canberra’s light rail project by local authority the Australian Capital Territory Government.
CIMIC Group’s Pacific Partnerships and CPB Contractors are part of the winning consortium along with China’s John Holland, DB Engineering & Consulting, Spanish transport specialist CAF, Mitsubishi and Aberdeen Infrastructure Investments.
Image via CIMIC
The first stage of the project includes the design and construction of a 12km light rail route from the fast growing area of Gungahlin to the city centre. CIMIC’s role in the consortium spans sponsorship, design, construction, operations, maintenance and equity investment. Â
The project is expected to generate revenue of US$220m million for CIMIC over the design and construction period, and $220m over the 20-year concession period. Â
Marcelino Fernández Verdes, CIMIC Group executive chairman, said: "Projects such as Canberra’s light rail, and others in the PPP pipeline, are creating demand for the CIMIC Group’s infrastructure investment expertise and major project design and construction capabilities. Â
"Through Pacific Partnerships and CPB Contractors, CIMIC generates competitive solutions, offering clients value throughout the project chain, from development to delivery and long-term asset management."
Pacific Partnerships will invest in equity funding along with John Holland, Mitsubishi Corporation and Aberdeen Infrastructure Investments.
Pacific Partnerships will also provide operations and maintenance services for 20 years, in partnership with John Holland and DB Engineering & Consulting. Â
CPB Contractors will deliver the design and construction in a joint venture with John Holland.
CAF will supply and maintain the vehicles.
Construction on the Canberra Metro is due to be completed in late 2018 and the system will begin operations in early 2019.