Marubeni Participates in North West Rail Link Project in New South Wales, Australia
Jul. 18. 2014
Marubeni Corporation and Marubeni Australia Ltd (collectively “Marubeni”) participates in Northwest Rapit Transit consortium (“NRT”), which was selected by the New South Wales Government in Australia (“The State Government”) as the Preferred Operator for the North West Rail Link project (“NWRL Project”).
The NWRL operations contract is a Public Private Partnership to be awarded later in 2014 which includes the design, construction and financing of the 36km first stage of Sydney’s new rapid transit rail network.
It also includes the construction of 23 km of new railway track as well as upgrades for an existing section of the rail network in North West Sydney.
The AU$8.3 billion North West Rail Link is the biggest public transport project currently under construction in Australia and also Australia’s first fully automated railway system.
To build, operate and maintain this new train network, NRT will form a new company with equity investment by Marubeni, Hong Kong’s MTR Corporation, Leighton Contractors, Plenary Group, Palisade Investment Partners in Australia and Partners Group based in Switzerland.
NRT and the NSW Government will work together to achieve contractural execution including financial close later this year, with services expected to start on the North West Rail Link before the end of 2019.
In 2011, Marubeni participated in the Light Rail PPP Project in Gold Coast City, Australia, as the largest equity investor, and has been focusing on PPP rail transport business as a strategically important field. The construction of the Light Rail PPP Project in Gold Coast City was initiated in June 2011 and the commercial service will commence this month. Marubeni desires to continuously contribute the expansion of public transport and infrastructure in Australia.
・New Line：Cudgegong Road - Epping
・Existing Line：Epping - Chatswood Interchange