FC for Melbourne Metro PPP

The Melbourne Metro Tunnel and Stations Package PPP has reached financial close.

The Melbourne Metro Rail Authority has signed the contract with the Cross Yarra Partnership consortium to design, build, finance and maintain twin nine-kilometre tunnels and five new underground stations at North Melbourne (Arden), Parkville, State Library, Town Hall and Anzac.

Lendlease, John Holland, Bouygues Construction and Capella Capital were awarded the $6bn contract earlier this year, with a concession term of 25 years.

John Laing has also joined Cross Yarra Partnership, raising its total investment commitments for 2017 from £340m to £383m.

CPB Contractors and Bombardier Transportation are set to start work on the rollout of high-capacity signalling technology on the Metro Tunnel.

Arcadis, Arup & WSP are advising the consortium.