The Capital Metro business case was the essential component in the Capital Metro project receiving the final approval from the ACT Government. The project involves the construction of a light rail network in Canberra.
Compiled using analysis undertaken by global firm Ernst and Young, the business case developed a strong case for the introduction of light rail in Canberra. It provided an in depth analaysis into the costs and benefits associated with the project, as well as the procurement and funding options.
“The business case draws upon many different areas of work, which have been undertaken across the agency from a technical, from a financial, from a community and from a social aspect. It paints a coherent story as to why the project is worthwhile progressing,” said Duncan Edghill, Executive Director of Finance and Economics at the Capital Metro Agency.
Moving into the procurement process stage, the Government is now in a better position to assess the bids that will be presented to them by Public Private Partnerships (PPP) consortia interested in undertaking the project.
Capital Metro Business Case for a Canberra light rail network, highlights that the project will deliver $1 billion in benefits to the nation’s capital.
“Light rail is proven to improve the socioeconomic and environmental performance of a city, by reducing road congestion; decreasing travel times on roads; improving road safety; emitting less greenhouse gas emissions; and promoting healthier, more active lifestyles,” said Chief Executive of the Australasian Railway Association (ARA) Bryan Nye OAM.
The Business Case outlines a cost of $783 million for the Phase 1 Gungahlin to City line, with construction to be awarded to the successful private consortium contracted to build and deliver the line.
Share on:
