SYDNEY, AUSTRALIA: Sydney Metro and the Parklife Metro consortium have reached contract close on the Sydney Metro – Western Sydney Airport, Stations, Systems, Trains, Operations and Maintenance (SSTOM) package.
The contract includes the delivery of six new stations between St Marys and the new Aerotropolis, 12 new metro trains, core rail systems and a stabling and maintenance facility to be built at Orchard Hills. Parklife Metro will also operate and maintain the Sydney Metro – Western Sydney Airport line for 15 years once operational.
The new metro between St Marys, the new Western Sydney International Airport and the Western Sydney Aerotropolis will provide a major economic stimulus for the Western Sydney, New South Wales and national economies.
The 23-kilometre railway will link residential areas with job centres and connect travellers from the new airport to the rest of Sydney’s public transport system.
The Parklife Metro consortium comprises
• Plenary Group as sponsor, financial arranger, commercial adviser, SPV manager and
• Siemens Mobility as sponsor and D&C contractor and Siemens Financial Services (via
Siemens Project Ventures) as sponsor and 20% investor
• Webuild as sponsor, D&C contractor and 10% investor
• RATP Dev as sponsor, O&M contractor and 10% investor
Parklife Metro Chair Paul Oppenheim said the public-private partnership has brought together four world-class organisations to partner with Sydney Metro.
“Our collective international experience will ensure the latest and best technologies and innovations are applied to Sydney Metro – Western Sydney Airport,” Mr Oppenheim said.
“In addition to the amazing passenger experience provided through the trains and the stations and their surrounding precincts, we will also deliver a host of benefits to the local economy during construction, sourcing from local businesses and creating local jobs.
“Another highlight is the sustainability-linked debt financing arranged for the project. The cost of debt financing is linked to the project achieving and maintaining best-practice industry participation, Aboriginal and Torres Strait Islander representation and environmentally-sustainable outcomes.
“We look forward to delivering such a city-changing project, one that will bring further momentum to the significant transformation taking place in Western Sydney.”
Financial close is expected to occur in the coming weeks.
The project is expected to be completed and operational when Western Sydney International opens for passenger services.
View the Sydney Metro announcement Final contract awarded for Sydney Metro – Western Sydney Airport.