CIMIC Group companies Pacific Partnership and CPB Contractors, as part of the Canberra Metro consortium, have won the first stage of Canberra’s Capital Metro light rail project.
CIMIC’s role in the consortium spans sponsorship, design, construction, operations, maintenance and equity investment.
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 preparation works, and the ongoing operation and maintenance of the light rail system.
The Canberra Metro consortium includes John Holland, Mitsubishi Corporation, Aberdeen Infrastructure Investments, Deutsche Bahn International, CAF and the Bank of Tokyo-Mitsubishi UFJ (BTMU).
Under the terms of the contract, CPB Contractors will deliver the design and construction in a joint venture with John Holland, while CAF will supply and maintain the light rail vehicles. MUFG is the financial advisor with funding provided by local and international banks.
CIMIC Group’s Executive Chairman and CEO Marcelino Fernández Verdes said the stage one of Capital Metro will generate revenue of approximately $300 million over the design and construction period and $300 million over the 20-year concession period.
“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,” he said.
“Through Pacific Partnership and CPB Contractors, CIMIC generates competitive solutions, offering clients value throughout the project chain, from development to delivery and long-term asset management.”