The Metro Tunnel, PPP Tunnels and Stations

The Metro Tunnel, PPP Tunnels and Stations project involves construction, financing and ongoing maintenance of five underground stations and twin heavy rail tunnels underneath Melbourne CBD. Capella Capital was bid leader, debt and equity arranger and equity investor to the Cross Yarra Partnership consortium.

The five new underground stations will include wider platforms, more natural light and sweeping arches, bringing world-class urban design to the heart of Melbourne and its train network.

There will be revitalised open space above ground at all five stations, and additional entrances to reduce crowding on major streets in the CBD, including two entrances at City Square, and at Swanston Street, Flinders Street, Federation Square, Franklin Street and La Trobe Street.

In Parkville, a new entrance will be built on the doorstep of the Royal Melbourne Hospital, giving thousands of people from Melbourne and regional Victoria better access to the Hospital.

Walkways at Flinders Street and Melbourne Central stations will be put underground, allowing passengers to change easily between the Metro Tunnel stations and the City Loop, creating a true, international-style metro network.

Domain station will feature a floating timber canopy and sit below the new tram interchange on St Kilda Road, relieving the pressure on the world’s busiest tram corridor.

Early works are well underway, with major construction on the tunnel and stations expected to start next year.