CIMIC Group company, UGL, as part of the Metro Trains Melbourne joint venture, has been awarded a contract to continue the operations and maintenance of the Melbourne suburban train network for a further seven years.
The contract will generate revenue to UGL of approximately A$1.886 billion ($1.51 billion) over the initial seven-year term, with options of three further years in addition to this revenue figure.
The contract, which will commence in November, follows an eight-year agreement for the operations and management of the trains, which is due to conclude in November. Metro Trains Melbourne comprises MTR Corp. (60 percent), John Holland (20 percent) and UGL (20 percent).
