|
|
|
|
|
TOKYO, May 17, 2016 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that Canberra Metro PC Pty Ltd (Canberra Metro), a joint stock company established by MC, Pacific Partnerships (Australia), John Holland (Australia) and Aberdeen Infrastructure Investments (United Kingdom), has signed an agreement with the Australian Capital Territory (ACT) Government for a concession to undertake Light Rail Transit (LRT) operations in Canberra under a public-private partnership (PPP) scheme.
 | | Mitsubishi Corporation (MC) is pleased to announce that Canberra Metro PC Pty Ltd, a joint stock company established by MC, Pacific Partnerships (Australia), John Holland (Australia) and Aberdeen Infrastructure Investments (United Kingdom), has signed an agreement with the Australian Capital Territory (ACT) Government for a concession to undertake Light Rail Transit (LRT) operations in Canberra under a public-private partnership (PPP) scheme. |
In January 2016, the consortium comprised of eight companies, including the four mentioned above, was selected as a preferred proponent, resulting in the contract now being signed by Canberra Metro.
The project covers construction, as well as operation and maintenance for 20 years, of a 12-kilometer LRT system with 13 stops between central Canberra and Gungahlin in the north. Manufacturing, supply and maintenance of rolling stocks will be the scope of CAF, one of the largest rolling stock suppliers in Spain, while construction work will be done by CPB Contractors and John Holland, major Australian construction companies. DB Engineering & Consulting GmbH, a subsidiary of German national railway company, Deutsche Bahn, will also be selected as a partner for the operation and maintenance of the whole LRT system.
The project has been listed in the first phase of plans for LRT network development in Canberra, and is being promoted as one of the ACT Government's top priorities. Through Canberra Metro, MC will be seeking to provide a safe and on-time public transportation service that is environmentally friendly in keeping with the abundance of greenery in Canberra, while at the same time contribute to improving convenience for residents and stimulating economic activity in the country's capital.
This is MC's first project in the railway operations business, and stands to bolster the company's efforts to develop other railway PPP projects in Australia. MC already has extensive experience and expertise in this field, built up through rolling stock exportation, EPC3 contracts and other infrastructure projects related to airports, seaports, power generation and water. Drawing on these experiences, MC will actively continue to seek opportunities to enter the railway operations business and to expand the base of its infrastructure business around the world.
1. Light Rail Transit (LRT): An electrical tramway operated inside an urban area. LRT is an eco-friendly system which emits less CO2 than cars and diesel buses and is easy to design for harmonization with urban landscape.
2. Public Private Partnership (PPP): A contractual scheme under which public services are developed and delivered through public sector and private sector collaboration. PPP aims to provide public services in an efficient and effective way by utilizing private sector know-how for the design, construction, operation and maintenance of public works.
3. EPC: Engineering, Procurement and Construction; a single contract which includes these scopes.
Consortium Members
1. Pacific Partnership (Australia)
2. John Holland (Australia)
3. Mitsubishi Corporation (Japan)
4. Aberdeen Infrastructure Investments (United Kingdom)
5. CPB Contractors (Australia)
6. DB Engineering & Consulting (Germany)
7. Construcciones y Auxiliar de Ferrocarriles (Spain)
8. The Bank of Tokyo-Mitsubishi UFJ (Japan)
Contact:
Mitsubishi Corporation
Telephone: +81 3 3210 2171
Facsimile: +81 3 5252 7705
Topic: Press release summary
Source: Mitsubishi Corporation
Sectors: Logistics & Supply Chain
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| Mitsubishi Corporation |
| Nov 15, 2024 11:32 HKT/SGT |
|
Resorttrust Group and Mitsubishi Corporation Launch Joint Study in Medical Tourism |
| Nov 6, 2024 10:51 HKT/SGT |
|
Yoshimoto Kogyo and Mitsubishi Corporation have signed a business partnership agreement for co-creation of business using "laughter" |
| Oct 23, 2024 17:15 HKT/SGT |
|
Joint Study by Idemitsu Kosan and Mitsubishi Corporation on Low-Carbon Ammonia |
| Oct 18, 2024 22:05 HKT/SGT |
|
Mitsubishi Corporation (MC) to invest in Ayala joint venture with stake in Mynt |
| Oct 10, 2024 17:19 HKT/SGT |
|
Launch of Japan's First EV Smart-charging Service Using Connected Technologies |
| Sept 30, 2024 10:38 HKT/SGT |
|
Mitsubishi Corporation: JOGMEC Commissioned Feasibility Study for Overseas CCS Value Chain |
| Sept 27, 2024 12:39 HKT/SGT |
|
Mitsubishi Corporation Strengthens the Partnership with PETRONAS, Reinforcing Confidence in LNG Operations in the Region |
| Sept 20, 2024 17:02 HKT/SGT |
|
Mitsubishi Corporation, KDDI CORPORATION, Lawson, Inc. Launching an Initiative to Transform into "Next-generation Convenience Store" |
| Sept 18, 2024 17:02 HKT/SGT |
|
Approval in Principle (AiP) Acquired from Two Classification Societies for Low-Pressure Type Liquefied CO2 Carriers undergoing Pursuit of Standardization toward Realization of Large-Scale International Transportation from 2028 onwards |
| Sept 13, 2024 19:07 HKT/SGT |
|
Mitsubishi Corporation and ExxonMobil sign Project Framework Agreement to advance world's largest low-carbon hydrogen project |
| More news >> |
 |
|
|
|
