CIMIC Group company UGL has secured a five-year extension to its contract with Sydney Trains for the delivery of maintenance and logistics services for a portion of Sydney’s metropolitan passenger rail fleet.
This five-year extension, effective from July 1, 2019, replaces the two-year extension announced in January 2019, and will provide heavy maintenance, component overhaul and supply chain capabilities, coupled with engineering and depot-related support.
The extension will generate revenue of approximately $630 million to UGL, replacing the $277 million of revenue announced in January.
“CIMIC Group, through its various operating companies including UGL, CPB Contractors, Pacific Partnerships and EIC Activities, provides a unique and market-leading rail capability to the rail network owners and operators of NSW and beyond. Through this contract extension, UGL will provide value and optimal benefit for the people of New South Wales,” said Michael Wright, CIMIC Group CEO.
The services will be delivered through UGL Unipart, a 70-30 joint venture between UGL and Unipart Rail UK. The joint venture draws on both UGL’s asset management and maintenance capability and extensive knowledge of Sydney’s metropolitan passenger rail fleet, in addition to Unipart Rail UK, which delivers world-class supply chain services to both the rail and vehicle industries.
