Cross Yarra Partnership signs contract to deliver Melbourne Metro Tunnel Project
Posted: December 18, 2017
Capella Capital today announced that Cross Yarra Partnership has signed a contract to finance, design, construct and maintain the Tunnel and Stations Package for approximately 25 years as part of the Metro Tunnel Project.
The Metro Tunnel Project will be Victoria’s biggest ever public transport project and Cross Yarra Partnership will deliver twin nine-kilometre tunnels and five new underground stations at North Melbourne (Arden), Parkville, State Library, Town Hall and Anzac.
Cross Yarra Partnership, a consortium of Lendlease, John Holland, Bouygues Construction and Capella Capital, was announced as the preferred tenderer for the $6 billion Tunnel and Stations Public Private Partnership in July 2017.
Capella Capital is the infrastructure developer, financial advisor, equity investor (on behalf of Lendlease) and Project Co asset manager of this legacy project.
Among the most successful infrastructure developers and financiers in the nation, Capella Capital has won over $20 billion in PPP projects in the last five years and is consistently providing innovative solutions for multiple successful consortiums and State clients.
Cross Yarra Partnership Chief Executive Officer and Capella Capital Head of Origination, Malcolm Macintyre, said:
“We’re building more than a transport solution, Cross Yarra Partnership has a unique opportunity to create a long-term legacy, acting as a catalyst for urban renewal, new communities and more jobs while enhancing Melbourne’s status as the world’s most liveable city.
“We are immensely proud to be partnering with the State government of Victoria to deliver this city shaping project”