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Transport for NSW has selected a consortium of contractors to design, build, finance and maintain its $1.26 billion new regional rail fleet project.
The Momentum Trains consortium was chosen as the successful contractors. The consortium includes CIMIC Group companies Pacific Partnerships, UGL and CPB Contractors.
Momentum Trains will deliver a new regional rail fleet and a new maintenance facility in Dubbo, New South Wales.
The project includes capital costs of $1.26 billion for the new fleet, the new maintenance facility in Dubbo, network enabling works and other project delivery costs. The contract also includes maintenance services for the first 15 years.
CIMIC Group has led the consortium’s development of the project, with Pacific Partnerships providing leadership and equity financing for the contract term.
CPB Contractors will design, construct and commission the maintenance facility at Dubbo, whilst UGL will maintain both the fleet of 117 rail cars and the maintenance facility.
The consortium also includes Construcciones y Auxiliar de Ferrocarriles (CAF), who will manufacture the rail cars, as well as CAF Investment Projects and independent fund manager DIF, both of whom are also providing equity financing alongside Pacific Partnerships.
CIMIC Group estimates the project will generate revenue of up to $725 million over the construction and initial 15-year maintenance term.
The project is expected to commence in early 2019, with the first trains to enter service progressively from 2023.
Momentum Trains will replace the existing XPT, XPLORER and Endeavour trains, some of which are close to 36 years old and nearing the end of their lifespan.
NSW Minister for Transport and Infrastructure, Andrew Constance, said the new regional fleet will comprise 117 new carriages to form ten regional intercity trains, nine short regional trains and ten long regional trains.
This article first appeared on infrastructuremagazine.com.au
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