Allens is pleased to have advised GoldlinQ on the Gold Coast Light Rail Stage 3 project, which has reached financial close.
The $1.2 billion augmentation to the existing public private partnership will deliver a 6.7km extension to the existing light rail network, including eight new stations and additional light rail vehicles. Construction of Stage 3 is expected to commence early this year and will support more than 760 jobs.
‘This project really demonstrates the flexibility and effectiveness of public private partnerships. The augmentation model enabled a value for money outcome through a competitive construction procurement process, as well as peace of mind for the State that Stage 3 will ultimately be part of a fully integrated system. While under construction it will generate jobs and be key in assisting the State’s economic recovery during the pandemic,’ said lead Partner Nicholas Ng.
Allens will continue to advise GoldlinQ on the delivery of Stage 3, having worked on the development and delivery of Stage 1 and Stage 2 of the project since 2010.
‘We are proud to have supported GoldlinQ on all three stages of the Gold Coast Light Rail, which has become one of Australia’s most successful private public partnerships. We look forward to helping to deliver Stage 3.’
