Sydney A$11 billion Metro Project

8/5/2017
Project development

A$ 11 billion

Announced

8/5/2017


Overview:

  • The Sydney Metro Project is an A$11 billion automated rapid transit system under construction in Sydney, New South Wales, Australia.
  • It is Australia's largest-ever public transport project and has two core components: Sydney Metro Northwest – formerly the 36km North West Rail Link under construction and will open in the first half of 2019; and Sydney Metro City & Southwest – a new 30km metro line linking with Metro Northwest at Chatswood, and then under Sydney Harbour, through the CBD and south west to Bankstown. It is due to open in 2024.
  • It is part of the government's solution to clearing the city’s public transport bottlenecks, and is expected to provide a quality of rail service never before seen in Australia.
  • Working together with major upgrades to the Western Line, Sydney Metro aims to deliver the capacity to increase the number of trains entering the CBD across the entire Sydney railway system from 120 to 200 in the busiest hour of the day.
  • The project also supports key priorities of the Plan for Growing Sydney – a NSW Government plan to sustain strong growth for Sydney, improve its productivity and competitiveness and foster higher living standards.

Adam Majeed - Regional editor

Jurisdiction:

Australia

Deal type:

Project development

Practice area:

Project development

Industry sector:

Transport


Firms:

Party: ANZ Bank (Lender)

Party: Credit Agricole CIB Australia (Lender)

Party: HSBC (Lender)

Party: ING (Lender)

Party: Intesa Sanpaolo (Lender)

Party: KfW (Lender)

Party: Mizuho Bank (Lender)

Party: MUFG (Lender)

Party: National Australia Bank - NAB (Lender)

Party: OCBC (Lender)

Party: SMBC (Lender)

Party: UOB (Lead manager)

Party: Westpac (Lender)

Lawyer: Claire Rogers