Deal closed for Brisbane rail project

Rail project

July 04, 2019 – Financial close has been reached on the multi-billion-dollar Cross River Rail project in Brisbane, Australia, clearing the way for the start of construction.

The Pulse consortium of BAM PPP PGGM, Pacific Partnerships, DIF and Ghella Investments & Partnerships – have reached financial close with the state of Queensland to deliver the project’s tunnel, stations and development (TSD) package.

The Cross River Rail involves the design and construction of a new 10.2km rail line, including 5.9 km twin tunnels under the Brisbane River and the central business district (CBD). The state government is providing a capital contribution of AU$5.4bn for the project’s construction.

BAM International, together with sister companies BAM Nuttall and Wayss & Freytag Ingenieurbau, will deliver the design and construction in a joint venture with CPB Contractors, Ghella and UGL. UGL will provide the ongoing maintenance services. Construction is expected to start later this year. BAM’s revenue is approximately €100m per year for an expected contract period of five years.

Source:-https://www.theconstructionindex.co.uk/news/view/deal-closed-for-brisbane-rail-project

0 Comments

Leave a Comment

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register