Diverse infrastructure, mining and engineering company Downer EDI Ltd (ASX & NZX: DOW) said yesterday it had been selected by the New South Wales Government to build Stage 1 of the Parramatta Light Rail project in a 50:50 joint venture with CPB Contractors.
Design and construct infrastructure works contract will generate revenue to Downer of $420 million.
Downer’s chief executive Grant Fenn said the company was the leading provider of light rail services in Australia.
“We are the managing contractor for the Newcastle Light Rail project and, through our Keolis Downer joint venture, we operate and maintain Yarra Trams in Melbourne and G:link on the Gold Coast,” Fenn said.
Fenn said Downer delivered multi-disciplined light rail, rail, roads and infrastructure services to customers in the transport sector in Australia and New Zealand.
“Our population will continue to grow and our cities, including Parramatta, will become increasingly urbanised,” Fenn said.
Stage 1 of the Parramatta Light Rail will begin construction in 2019 and connect the Parramatta CBD to the Westmead Precinct, new Bankwest Stadium, the new Powerhouse Museum and cultural precinct on the Parramatta River, the Rosehill Gardens Racecourse and three Western Sydney University campuses at Westmead, Parramatta and Rydalmere.
Parramatta Light Rail is expected to begin passenger services in 2023.