Home' Future Building: The Australian Infrastructure Review : Volume 8 Number 1 Contents Sydney Light Rail -
driving innovation in
Commonwealth Bank of Australia ABN 48 123 123 124
Global infrastructure investor John Laing
Group plc is building on its relationship with
the Commonwealth Bank (CommBank) to
develop the transformative CBD and South
East Light Rail project in Sydney and drive
innovation in social infrastructure projects.
John Laing, an originator, active investor
and manager of infrastructure projects,
is par t of the ALTRAC Light Rail consortium
the New South Wales Government in
December 2014 chose to design, build and
operate the $2.1 -billion CBD and South East
Light Rail project.
ALTRAC is owned by John Laing, First
State Super and Acciona Concesiones, and
involves Transdev Sydney, Alstom Transpor t
Australia, Acciona Infrastructure Australia
and Capella Capital. As lead arranger to the
financing syndicate, CommBank led the
debt funding for the project, bringing three
international banks into the four-member
“ We are helping deliver a world-class
solution for reliable, high-capacity light
rail services for Sydney commuters,”
says James Bramley, Asset Director, Asia
Pacific, at John Laing. “Sydney Light Rail
will reinforce the benefits that outstanding
social infrastructure brings to cities.”
The 12-kilometre route, under construction
since 2015, extends from Circular Quay
along George Street to Central Station, then
through Surry Hills, Moore Park, Kensington
The “turn-up-and-go” Sydney Light Rail
service will operate up to every four minutes
in peak times between the CBD and Moore
Park and every eight minutes along the
Randwick and Kingsford branch lines.
Featuring 19 stops, it will reduce traffic
congestion, improve traffic to and from
the CBD and will create a one-kilometre
pedestrianised zone along George Street
in the heart of the CBD.
Bramley says CommBank’s experience in
social infrastructure benefits the CBD and
South East Light Rail project and is a reason
John Laing is working with the bank on
several current and potentially upcoming
“ There is good alignment between John
Laing and CommBank in the way we
approach infrastructure projects,” says
Bramley. “John Laing is an active investor
that is not afraid to get involved to improve
project performance. CommBank has a
similar mindset that manifests in extensive
due diligence and monitoring of projects.”
CommBank’s global reach is another
strength, says Bramley. “John Laing works
on infrastructure projects in the United
States, Europe and Asia Pacific. Having an
Australian bank that can bring in global
financiers, and work with John Laing as it
expands in the Asia Pacific, is an advantage.
CommBank’s knowledge of infrastructure
in Asia Pacific is a real asset.”
The CBD and Sydney Light Rail is the
second rail project involving John Laing
and CommBank. In addition, CommBank
provided finance for three other recent
John Laing is par t of a consor tium the
Queensland Government selected in
November 2013 for the New Generation
Rollingstock project. That involves providing
and maintaining 75 new six-car trains for
30 years for the South-East Queensland
suburban passenger rail net work.
The new Royal Adelaide Hospital, the
largest social-infrastructure project in
South Australia’s history, includes John
Laing as par t of the Celsus (formerly SA
Health Par tnership) consortium.
In regional NSW, John Laing is part of the
Nor thern Pathways consor tium designing,
constructing, operating and maintaining
the new Grafton Correction Centre.
Bramley expects John Laing will continue
to work with CommBank and develop bids
for upcoming social-infrastructure projects.
“ Our organisations have a strong, reciprocal
relationship on social infrastructure and a
shared passion to develop assets with long-
term community benefits.”
To learn more visit:
How John Laing and Commonwealth Bank’s close cooperation
finances and delivers social infrastructure projects.
1. $2.1 billion Light Rail project in Sydney’s CBD and South East.
2. 12-kilometre route extends from Circular Quay through to Surry
Hills, Moore Park, Kensington and Randwick.
3. Service to operate every four minutes in peak times between CBD
and Moore Park.
Fast Facts about Sydney CBD and South East Light Rail project.
Better Today. Brighter Tomorrow
“John Laing and Commonwealth Bank
have a strong, reciprocal relationship
on social infrastructure and a shared
passion to develop assets with long-term
Asset Director, Asia Pacific
502228A_Commbank I 2282.indd 1
3/10/17 10:20 am
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