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| CIMIC-led consortium wins Canberra light rail stage one CIMIC Group companies Pacific Partnerships and CPB Contractors, as part of the Canberra Metro consortium, have been awarded stage one of Canberra's light rail project, Capital Metro, by the Australian Capital Territory Government. The CIMIC Group's role in the Canberra Metro consortium spans sponsorship, design, construction, operations, maintenance and equity investment. Stage one of Capital Metro will generate revenue to CIMIC of approximately $300 million over the design and construction period and $300 million over the 20-year concession period. Canberra Metro comprises the CIMIC Group's Pacific Partnerships and CPB Contractors, as well as John Holland, Mitsubishi Corporation, Aberdeen Infrastructure Investments, DB Engineering & Consulting (formerly Deutsche Bahn International), CAF and Mitsubishi UFJ Financial Group Ltd (MUFG). 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. CPB Contractors will deliver the design and construction in a joint venture with John Holland. CAF will supply and maintain the light rail vehicles. MUFG is the financial advisor with funding provided by local and international banks. The first stage of the Capital Metro project includes design and construction of a 12km light rail route from the fast growing area of Gungahlin to the city, with 13 stops, depot, road, signalling and preparatory works, and the ongoing operation and maintenance of the light rail system. Canberra Metro will complete construction in late 2018 and begin operations in early 2019. write your comments about the article :: © 2016 Construction News :: home page |