The Pulse consortium, which consists of CIMIC Group companies, Pacific Partnerships, CPB Contractors, and UGL, has been selected by the Cross River Rail Delivery Authority (CRRDA) as the preferred bidder to deliver the Tunnel, Stations and Development (TSD) Public-Private Partnership package of Brisbane’s Cross River Rail Project, Queensland, Australia.
The consortium will deliver tunneling works, new underground stations and ongoing maintenance services for the AUD5.4 billion project.
CIMIC Group has led the development of Pulse’s proposal. Pacific Partnerships is the lead sponsor and will provide 49% of the equity finance, with 51% to be provided by DIF, BAM PPP PGGM, and Ghella Investments & Partnerships.
CPB Contractors will deliver the design and construction in a joint venture with Ghella and BAM International with UGL delivering the mechanical and electrical (M&E) works. UGL will also provide maintenance services for the project over 24 years.
Revenue to the CIMIC Group companies will be approximately half of the project value and will be finalised at contract execution which will occur in the coming months.
CIMIC Group is an engineering, infrastructure, construction, mining and services contractor operating in Australia, South East Asia, New Zealand and Middle East.
CPB Contractors is CIMIC Group construction company with a strong track record in rail construction projects across Australia.
Pacific Partnerships is a developer, investor and manager of infrastructure concession assets.
UGL is an engineering company providing mechanical and electrical and rail maintenance services in Australia.