Herbert Smith Freehills has advised the Momentum Trains consortium (comprising CIMIC Group companies Pacific Partnerships, UGL and CPB Contractors, DIF, CAF Investment Projects, and Construcciones y Auxiliar de Ferrocarriles), which has been selected by Transport for NSW to deliver the Regional Rail Project as a design, build, finance and maintain contract. The Project achieved Financial Close on 15 February 2019.
Momentum Trains will deliver a new regional rail fleet and a new maintenance facility in Dubbo, New South Wales.
The project is expected to commence in 2019, with the first trains to enter service progressively from 2023.
Herbert Smith Freehills partners Andrew Griffiths, Erin Wakelin, Nick Baker and Erin Wyeth led a cross practice team advising Momentum Trains with support from senior associates Rupert Baker, Joseph Varghese, Samantha de la Cruz and solicitors Lan Wei, Yun Yong, Christina Wheeler and Josh Singer.
Mr Griffiths said, “We are delighted to have advised Momentum Trains on this important project delivering great outcomes for regional communities and more broadly for rail passengers in NSW.
“The consortium members should be congratulated for their commitment to delivering an outstanding project.”
DLA advised TfNSW, King & Wood Mallesons advised the consortium’s debt financiers, Pinsent Masons advised Construcciones y Auxiliar de Ferrocarriles, Corrs advised UGL and Minter Ellison advised CPB Contractors in relation to the project.