The Australian Capital Territory government appointed the Canberra Metro consortium, which includes Cimic companies Pacific Partnerships and CPB Contractors. Cimic’s role in the consortium spans sponsorship, design, construction, operations, maintenance and equity investment.
The first stage of the Capital Metro project includes design and construction of a 12km light rail route from the fast-growing area of Gungahlin to the city.
Stage one of Capital Metro will generate revenue to Cimic of approximately AU$300m over the design and construction period and AU$300m over the 20-year concession period.
The Canberra Metro consortium comprises the Cimic Group’s Pacific Partnerships and CPB Contractors, as well as John Holland, Mitsubishi Corporation, Aberdeen Infrastructure Investments, DB Engineering & Consulting (formerly Deutsche Bahn International), CAF and Mitsubishi UFJ Financial Group (MUFG).
CPB Contractors will deliver the design and construction in a joint venture with John Holland. CAF will supply and maintain the light rail vehicles. MUFG is the financial advisor with funding provided by local and international banks.
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.”
Canberra Metro will complete construction in late 2018 and begin operations in early 2019.