The Momentum Trains consortium has been selected by Transport for NSW to deliver the $1.26 billion Regional Rail Project as a design, build, finance and maintain contract.
CIMIC Group companies Pacific Partnerships, UGL and CPB Contractors, as part of the Momentum Trains consortium, will deliver a new regional rail fleet and a new maintenance facility in Dubbo, New South Wales.
Pacific Partnerships is 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), which will manufacture the rail cars, as well as CAF Investment Projects and independent fund manager DIF, both of which are also providing equity financing alongside Pacific Partnerships.
The project is expected to commence in early 2019, with the first trains to enter service progressively from 2023.
CIMIC Group Chief Executive Officer Michael Wright and CPB Contractors Managing Director Juan Santamaria welcomed the announcement.
“CIMIC Group is Australia’s premier rail services provider. Our end-to-end capability enables us to finance and maintain the rail fleet, and deliver a state-of-the-art maintenance facility, combining the collective rail expertise of Pacific Partnerships, UGL and CPB Contractors. It’s our privilege to work with Transport for NSW to deliver high-quality rail assets for rural and regional NSW, as well as creating local jobs and leaving a skills legacy of long-term value for people in regional communities,” Wright said.
“CPB Contractors has a strong track record of delivering high-quality rail construction across Australia. Our team will bring this experience and skills to safely deliver this important project for regional NSW,” Santamaria said.