Downer awarded Sydney Growth Trains contract

1/12/2016

Downer EDI Limited (Downer) announced today that it had been awarded the Sydney Growth Trains contract by Transport for NSW.

The contract is valued at approximately $1.7 billion and includes:

  • an order of 24 double deck trains, with options for up to 45 additional sets; and
  • “through-life-support” (maintenance) of the trains for an initial period of 25 years, plus two optional five year extensions.

CRRC Changchun Railway Vehicles (CRRC) will manufacture and deliver the trains for Downer under a sub-contract arrangement while Downer will deliver the through-life-support of the trains.

The Chief Executive Officer of Downer, Grant Fenn, said he was delighted to win the Sydney Growth Trains contract which would build on the proven success of the Waratah trains.

“The Waratah trains have achieved exceptional availability and reliability – in fact they are the best performing train in the world,” Mr Fenn said. “Importantly, they are also very popular with commuters and train drivers.

“There is more than 90% commonality between the design of the Sydney Growth Trains and the design of the Waratahs. All major sub-systems are the same including traction, brakes, doors, train information systems, heating, ventilation and air conditioning.

“We look forward to working closely with Transport for NSW to provide more outstanding trains for Sydney’s commuters as well as long term employment opportunities in the New South Wales rail industry.”

Click here for the ASX announcement.

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