PR072/19 28 November 2019 NRT Consortium and MTR Awarded

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PR072/19 28 November 2019

NRT Consortium and MTR Awarded Sydney Metro Contract

MTR Corporation, as a shareholder and project leader in the Northwest Rapid Transit Consortium (NRT), has reached contractual close for the extension to the existing NRT Public Private Partnership (PPP) contract on Sydney Metro.

The contract, which was awarded in 2014 by the New South Wales Government, has been extended to deliver a seamless customer experience on the new metro, with NRT to operate and maintain the full metro line from Tallawong to Bankstown - in total 66 kilometres of rail and 31 metro stations by 2024.

As part of the Sydney Metro in Australia, the Metro North West Line, which commenced passenger service on 26 May 2019, will be extended by 30 km to the City and Southwest (SMCSW).

The NRT PPP contract package includes A$1.7 billion for new metro trains and core rail systems as well as a A$2 billion operations and maintenance component for NRT to operate the combined Metro North West and City and Southwest lines until 2034. MTR will invest in the project and take the lead in the project works and railway operations of both the City and Southwest and the Metro North West Line as a combined single line from 2024.

The Corporation has already participated and invested in the project delivery phase of the Metro North West Line. MTR, together with other members of the NRT consortium, is now successfully operating the 36-km Metro North West Line, which is Australia’s most technologically advanced fully automated railway service, through its majority-owned subsidiary Metro Trains Sydney. The Metro North West Line has achieved a 95% customer satisfaction score in its initial period of operation and has carried more than 11 million passenger journeys in its first five months of operations.

“Sydney Metro is transforming travel in one of the world’s great cities with its fully automated trains and best-in-class railway technology setting new standards in Australia for safety, reliability and customer service. MTR is proud and honoured to have the opportunity to further participate in this project and extend the world-class Sydney Metro service from the Northwest into the CBD via the new rail tunnels beneath Sydney Harbour and then beyond to Bankstown in the Southwest,” said Dr Jacob Kam, Chief Executive Officer of MTR Corporation.

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About MTR Corporation

Every day, MTR connects people and communities. As a recognised world-class operator of sustainable rail transport services, we are a leader in safety, reliability, customer service and efficiency.

MTR has extensive end-to-end railway expertise with more than 40 years of railway projects experience from design to planning and construction through to commissioning, maintenance and operations. Going beyond railway delivery and operation, MTR also creates and manages dynamic communities around its network through seamless integration of rail, commercial and property development.

With more than 40,000 dedicated staff*, MTR carries over 13 million passenger journeys worldwide every weekday in Hong Kong, the United Kingdom, Sweden, Australia and the Mainland of China. MTR strives to grow and connect communities for a better future.

For more information about MTR Corporation, please visit www.mtr.com.hk.

*includes our subsidiaries and associates in Hong Kong and worldwide

Photo caption:

Sydney Metro’s North West Line has carried more than 11 million passengers in its first five months of operations.

Fact Sheet • Sydney Metro City and Southwest (SMCSW) is a 30 km railway extension of Sydney Metro’s North West Line that will serve 18 additional stations. • Upon service commencement of SMCSW which is scheduled for 2024, Sydney will have a 66 km standalone metro railway line and 31 metro stations. • SMCSW has two components: 1. Chatswood to Sydenham - new 15.5 km twin tunnels will connect with Sydney Metro’s North West Line at Chatswood and run under Sydney Harbour and through the CBD to Sydenham with 7 new underground metro stations at Crows Nest, Victoria Cross, Barangaroo, Martin Place, Pitt Street, Central, and Waterloo 2. Sydenham to Bankstown - upgrade and conversion of the existing Bankstown Line to metro standards, including upgrading of 11 existing stations • The consortium which has been awarded the contract package comprises the following equity investors: MTR Corporation, Plenary Group, Marubeni, CPDQ, and Pacific Partnerships • The scope of works for the contract package includes rolling stock, signalling, central control and communications systems, platform screen doors as well as systems integration for end to end service. It also covers railway operations and maintenance by Metro Trains Sydney for a 10-year period from scheduled commencement in 2024. It does not include civil works such as tunnel and station construction • Metro Trains Sydney comprises MTR Corporation (60% shareholding) together with John Holland (20%) and UGL (20%)