The New South Wales Government has invited the shortlisted three major international consortia for bids to deliver and operate the CBD and South East Light Rail network in Sydney, which is worth around $1.6bn.
The consortia to tender include SydneyConnect, iLinQ and Connecting Sydney.
The scope of the proposed public-private partnership (PPP) contract includes the design, construction, services relocations, operation, maintenance and finance of the new 12km light rail network.
Following the planning approval, this PPP contract is expected to be awarded to the winner of the bid later this year, and the project is scheduled to be completed over the next five or six years.
NSW Transport Minister Gladys Berejiklian said: "The expansion of light rail in Sydney will deliver huge public transport improvements, create thousands of jobs, address congestion and deliver economic benefits worth an expected $4bn.
"Tendering for this highly complex project is an intensive process and the public-private partnership contract requires significant investment by the short listed consortia"
The tenderer will also be responsible for the operation and maintenance of the expanded Inner West Light Rail network, which operates from Central to Lilyfield and through the inner west to Dulwich Hill.
Image: NSW released utilities model delivering Sydney’s Light Rail. Photo: courtesy of Transport for NSW