Sydney A$2.1 billion Light Rail PPP Project

26/2/2015
PPP, Project development

A$ 2.1 billion

Completed

26/2/2015


Overview:

  • The Sydney light rail network is a tram or light rail system serving the Australian city of Sydney, New South Wales (NSW), that presently consists of a single 12.8 km line of 23 stations.
  • The Sydney A$2.1 billion Light Rail PPP Project includes the design, construction, operation and maintenance of a new light rail line—including CBD and South East Light Rail project (CSELR)—and the operation and maintenance of the existing Inner West Light Rail line during the same period.
  • The new CSELR light rail line will extend along a 12 km route from Circular Quay along George Street to Central Station, through Surry Hills to Moore Park, then to Kensington and Kingsford via Anzac Parade and Randwick via Alison Road and High Street.
  • The project is the first light rail PPP in New South Wales and CSLER is expected to deliver economic benefits of $4 billion to the NSW economy and create 10,000 jobs.

Adam Majeed - Regional editor

Jurisdiction:

Australia

Deal types:

PPP
Project development

Practice areas:

Project development
PPP/PFI

Industry sector:

Transport


Firms:

Party: Banco Santander (Lender)

Party: Commonwealth Bank of Australia (Lender)

Party: United Overseas Bank (Lender)

Party: Credit Agricole CIB Australia (Lender)

Party: The Bank of Nova Scotia Asia (Lender)