02/07/2019 - 12:00
Ghella, as part of the Pulse consortium, which is led by CIMIC Group, has reached contractual and financial close with the State of Queensland to deliver the Tunnel, Stations and Development (TSD) PPP package of Brisbane’s Cross River Rail project.
The Pulse consortium comprises Ghella Investments & Partnerships, Ghella, Pacific Partnerships, CPB Contractors, UGL, BAM PPP PGGM, BAM International and DIF.
The Pulse consortium will deliver tunnelling works, new underground stations and ongoing maintenance services for the Cross River Rail project. The State Government is providing a $5.4 billion capital contribution for construction of Cross River Rail, which will commence later this year.
Ghella Investments & Partnerships will provide equity finance alongside lead sponsor Pacific Partnerships, BAM PPP PGGM, and DIF.
Ghella will deliver the design and construction in a joint venture with CPB Contractors, BAM International and UGL. UGL will also provide maintenance services for the project over 24 years.