News

February 25, 2015

TRANSDEV CONSORTIUM ACHIEVES FINANCIAL CLOSE ON SYDNEY LIGHT RAIL PPP

The ALTRAC Light Rail consortium comprising Transdev, Alstom, Acciona and Capella Capital has now achieved financial close on the CBD and South East Light Rail project in Sydney, Australia.

In December 2014, ALTRAC Light Rail was appointed by the NSW State Government as the successful contractor to design, build, operate, maintain and finance the new $2.1 billion project and to operate and maintain the existing Inner West Light Rail in Sydney.

ALTRAC Light Rail will work closely with the NSW Government in the lead up to the start of substantive construction activities later in 2015 and then throughout the delivery phase and into operations, spokesperson Malcolm Macintyre said.

“We are delighted to have reached this significant milestone, which means ALTRAC Light Rail can now focus our attention on delivering this important project for Sydney,” said Mr Macintyre.

The Transdev contract for operations and maintenance runs until 2034.This contract covers the existing 12 km Inner West Light Rail from mid-2015 and, from 2019, the new 12km CSELR. The CSELR will feature 30, 67-metre Alstom Citadis light rail vehicles and be a ‘turn up and go’ service across its 19 stops.

The CBD and South East Light Rail will not only connect to the current light rail, heavy rail, bus and ferry networks but also some of the city’s most important destinations and from Circular Quay, will run along George Street to Moore Park then on to Kingsford and Randwick. Some of the key features of the ALTRAC proposal include: longer vehicles to provide increased capacity from day one; a section of wire free infrastructure to protect the aesthetic appeal of the CBD; a quicker construction schedule to enable services to commence in early 2019; and other enhancements to protect the fabric of the city.

‘This is a very important project for the Transdev group and by helping to combat congestion it will further enhance the liveability of Sydney, one of the world’s greatest cities. It is also testament to the hard work of our teams, those on the ground in Sydney, and support teams in Australia and indeed the wider Transdev world who all contributed to this great outcome,’ said Jean-Marc Janaillac, Transdev Chairman and CEO.

‘Transdev has operated the Sydney Inner West Light Rail since 1998, and already has more than 1,700 staff providing bus, ferry and light rail services in Sydney. We are honoured to have been chosen to help deliver such an iconic service and city-changing project for Sydney,’ said Richard Dujardin, Acting CEO of Transdev Australasia and Zone Director, Asia, Pacific, South Europe and Northern Europe, Transdev group.