Rolling Stock Replacement (Waratah Train)

Project Name:

Rolling Stock Public Private Partnership

Client Agency:

Rail Corporation NSW (RailCorp)

Project Description:

The project involves:

Private sector financing, designing, manufacturing and commissioning of 626 new double-deck carriages, providing 78 new trains and two spare carriages for CityRail services in metropolitan Sydney.The first train was contracted to be in service by April 2010 with all carriages operational by September 2013 (there is also an option for RailCorp to order up to 20 additional trains);
Private sector financing, design, construction, manufacturing and commissioning of a new maintenance facility for these trains at Auburn and new train simulators for the training of RailCorp drivers and guards;
An obligation on the private sector parties to make at least 72 of the new trains (and more for special events) available for RailCorp’s CityRail services every day over a period of about 30 years, with up to two possible five-year extensions of the operational period for some or all of the trains;
Private sector maintenance, cleaning, repair and refurbishment of the new trains, maintenance facility and train simulators, to RailCorp-specified standards, throughout their operational periods;
Private sector decommissioning of the trains, and/or handing over of some or all of the trains to RailCorp, at the end of their operational periods, and handing over of the train maintenance facilities to RailCorp at the end of the operational period

Private sector receives from RailCorp specified milestone payments during the delivery phase of the project and performance-based monthly payments throughout the rest of the project.

For further information on the project, refer to the the RailCorp website.

Private Sector Partners:

The Reliance Rail consortium comprises equity partners Downer EDI, AMP Capital Investors, ABN ABRO (later taken over by Royal Bank of Scotland Group) and Babcock and Brown Partnerships (later taken over by International Public Partnerships).

Project Details:

Contract value: $2 billion (Estimated cost of building the new trains, the maintenance facility and the simulators at the time of the contract award)

Contract term: 7-Dec-2006 to 30-Jul-2043 which is 30 years after the scheduled delivery date of the 69th train

Operation began:

The Auburn Maintenance Centre was completed on 18 June 2010 and the Crew Training Simulators were completed on 31 August 2010. The first Waratah train entered passenger service on 1 July 2011. Further progress on train delivery can be accessed on the RailCorp website.