Gold Coast Light Rail PPP Reaches Financial Close (0872I)
June 08 2011 - 8:27AM
UK Regulatory
TIDMINPP
RNS Number : 0872I
International Public Partnership Ld
08 June 2011
8 June 2011
Gold Coast Light Rail PPP Reaches Financial Close
International Public Partnerships Limited (INPP) is pleased to
announce that GoldLinQ, a consortium of which it is a member, has
reached financial close on the Gold Coast Rapid Transit Project
(GCRT) in Australia. This announcement is made further to the
announcement made on 6 May that the consortium had been awarded
preferred bidder status.
The GCRT is a A$1 billion, 18 year Public Private Partnership
contract with the Queensland State Government to design, build,
finance, operate and maintain a light rail public transportation
system, between Gold Coast University Hospital and Broadbeach in
one of the fastest growing regions in Australia.
The project includes 16 stations, a number of viaduct and bridge
structures, as well as the provision and operation of 14 rail
vehicles. The project has been designed to accommodate a peak daily
usage of 75,000 passengers. The new light rail system is scheduled
to open in 2014.
GoldLinQ Chairman, Mr John Witheriff, said, "The manner in which
financial close was achieved is a testament to the quality of the
project and the overwhelming support it has gained within the
financing team."
-ends-
For further information:
Jamie Hossain +44 (0)20 7939 0558/0572 Amber Fund Management
Limited
Hugh Jonathan/Nick Westlake +44 (0)20 7260 1263/1345 Numis
Securities
Ed Gascoigne-Pees/Ed Berry +44 (0)20 7269 7132/7297 Financial
Dynamics
Notes to Editors:
About International Public Partnerships (INPP):
International Public Partnerships Limited (INPP) is a listed
infrastructure investment company which invests in global public
infrastructure projects developed under the public private
partnerships (PPP) and private finance initiative (PFI) procurement
methods.
Listed in 2006, INPP is a long-term investor in 61 social and
transport infrastructure projects, including schools, hospitals,
courts, police headquarters and transport projects in the U.K.,
Europe, Australia and Canada. INPP seeks to provide its
shareholders with both a long-term government-backed yield and
capital growth through investment across both construction and
operational phases of 25-40 year concessions.
Amber Infrastructure Group (Amber) is the Investment Advisor to
INPP and consists of more than 50 dedicated infrastructure
specialists which originate and source a strong pipeline of
projects for INPP.
Visit the INPP website at
www.internationalpublicpartnerships.com for more information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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