Victorian Minister for Public Transport Jacinta Allan announced that Melbourne Metro Rail project will be built through a partnership between Government and the private sector.
A multi-billion dollar Public Private Partnership (PPP) will deliver the largest package of works on this mega-project, including two 9 km rail tunnels and 5 underground stations.
It will be an ‘availability-based PPP’, meaning that, on top of designing and building the tunnels and stations, the private sector will also be responsible for financing, operating and maintaining the infrastructure.
The announcement of the procurement arrangements gives the market time to prepare bids and submissions to meet the Labor Government’s timelines for the project, which will see major construction begin in 2018 and the full project delivered by 2026.
Melbourne Metro Rail Authority will conduct market soundings on the PPP in the coming weeks, ahead of an extensive industry briefing and market engagement process in early-2016.
The Labor Government has already committed AUD 4.5 billion (USD 3.2 billion) to Melbourne Metro Rail, with AUD 1.5 billion (USD 1 billion) allocated in the 2015-16 Victorian Budget, alongside a AUD 3 billion (USD 2.16 billion) Metro bond agreement. Discussions also continue with the Turnbull Government about the provision of Federal funds towards this transformative project.
Potential private sector partners are now invited to formally register their interest in tendering for packages of work with Melbourne Metro Rail Authority atwww.mmrailproject.vic.gov.au .
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