NRT consortium reaches contractual close on PPP Australian deal26 September 2014
AUSTRALIA - The Northwest Rapid Transit (NRT) consortium, which consists of John Holland, Leighton Contractors, MTR Corporation, UGL Rail Services and Plenary Group, has reached contractual close on a Public Private Partnership (PPP) with the New South Wales Government to deliver the AUD 3.7bn (USD 3.2bn) Operations, Trains and Systems (OTS) package for the North West Rail Link (NWRL) in Sydney.
The NRT consortium will procure rolling stock and design, build, finance, and then operate the NWRL's 36km rapid transit train service for a 15 year period. The net present value to the Leighton Group is AUD 2bn (USD 1.75bn).
Under the PPP arrangement a four-way joint venture between MTR Corporation, John Holland, Leighton Contractors and UGL Rail Services will deliver the five year construction phase.
Glenn Palin, managing director, John Holland, said: "NRT is committed to a successful partnership with the NSW Government. To that end, we will ensure construction, fit out and systems seamlessly meet operational needs so that commuters in the North West benefit from a safe, efficient rail service."
David Jurd, managing director, Leighton Contractors, said: "The NWRL will improve travel times, accessibility and amenity for commuters, paving the way for sustainable growth in Sydney's North West and delivering wider benefits to the state's economy."
The NWRL is the first stage of Sydney Rapid Transit, Sydney's new railway network and is scheduled to commence services in the first half of 2019.