Transport for New South Wales (TfNSW) has achieved financial close on its contract with the ALTRAC consortium for a new light rail project in Sydney. The contract includes design, construction, operation and maintenance of the new Sydney CBD and South East light rail (CSELR) line. The value of the contract is AUD 2.1 billion (1.4 million euros).
The project will see a light rail line run from Circular Quay along George Street to Moore Park, then on to Kingsford and Randwick. The consortium consisting of Alstom, Transdev, Acciona and Capella Capital was selected as preferred bidder for the project in October last year.
The Sydney Light Rail Project will be delivered as a PPP involving the finance, design, construction, testing and commissioning of a new light rail line between the CBD and south east Sydney, and the operation and maintenance of the Sydney Light Rail network, which includes the new CSELR and existing inner west light rail.
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