The Australian Capital Territory government and Canberra Metro Consortium reached Financial Close this week on the AUD 707 millon, 20-year period availability-based PPP project for the design, construction, finance, operation and maintenance of the new 12km Light Rail from Alinga Street to Gungahlin in Canberra (Australia), comprising 13 stops, a depot facility and the supplying of 14 light rail vehicles.
Canberra Metro Consortium was selected as preferred bidder in February 2016 and comprises Pacific Partnerships, CPB Contractors, John Holland, Mitsubishi Corp, Aberdeen Infrastructure Investments, Deutsche Bahn International and CAF.
Steer Davies Gleave was part of a team that provided Lenders’ Technical Advisory services to Canberra Metro Consortium on rolling stock and systems including electrical supply and signalling. Our services built on our in depth knowledge and experience of heavy and light rail rolling stock, rail systems, and operations and, in particular, on previous successful Financial Closes for Sydney LRT (Australia) and Florence LRT (Italy).
Procurement of the project commenced in November 2014, with construction completion due by late 2018 and passenger services scheduled to start in early 2019.
For enquiries on our Lenders’ Technical Advisory services for any infrastructure project across the globe, please contact our Technical Due Diligence team at [email protected]
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