The Canberra Metro consortium has been selected to deliver the first stage of the Capital Metro light rail project in Australia.
The consortium comprises John Holland, Pacific Partnerships, Mitsubishi, Aberdeen Infrastructure Investments, CPB Contractors, Deutsche Bahn International, CAF and the Bank of Tokyo - Mitsubishi UFJ. It will design, build, maintain and operate the project for a 20-year period.
Estimated to cost $698m, the first stage of the project will involve the design and construction of a 12km light rail route stretching from Gungahlin to the City with 13 stops.
John Holland, Pacific Partnerships, Mitsubishi and Aberdeen will be the equity investors in the project. John Holland will operate and maintain the project for 20 years in collaboration with Pacific Partnerships and Deutsche Bahn International, as well as offer design and construction services in a joint venture with CPB Contractors.
CAF will be responsible for supplying and maintaining the light rail vehicles. Bank of Tokyo-Mitsubishi UFJ will serve as the financial advisor, while local and international banks will offer funding.
Construction work is expected to start in the coming months, with operations anticipated to start in the end of 2018.
John Holland CEO Glenn Palin said: “Capital Metro will create enormous opportunity to regenerate the city through the delivery of public transport that supports a growing economy and population. We are proud to be working to connect people to their jobs, homes and services.
“The light rail system will also create and inspire new spaces for the community to enjoy with significantly more green space and a revitalised civic centre.”