CIMIC Group subsidiaries Pacific Partnerships and CPB Contractors have been awarded the Canberra light rail stage one project by the Australian Capital Territory Government.
The group is part of the Canberra Metro Consortium responsible for the project, and the scope of the work comprises the sponsorship, design, construction, operations, maintenance and equity investment of the Canberra metro.
Stage one of the development includes the design and construction of a 12km light rail route from Gungahlin to the city with 13 stops, a depot, and road, signalling and preparatory works. It also involves the on-going operation and maintenance of the light rail system.
The project will generate profits to CIMIC of approximately $300M over the design and construction period and $300M over the 20-year concession.
CPB Contractors managing director Román Garrido said: “Stage one of Capital Metro will provide the backbone of an accessible and user-friendly public transport system and a new industry for Canberra.
“The key to this project’s sustainable and successful delivery is the planned participation of local business. Creating local jobs and enhancing workforce capabilities will benefit future light rail stages and other regional infrastructure projects.”
Construction work is expected to be complete in late 2018 and the metro is slated to be operational in early 2019.
Canberra Metro comprises the CIMIC Group’s Pacific Partnerships and CPB Contractors, John Holland, Mitsubishi Corporation, Aberdeen Infrastructure Investments, DB Engineering & Consulting, CAF and Mitsubishi UFJ Financial Group Ltd (MUFG).
* Data provided by Timetric's Construction Intelligence Center.