Posts Tagged ‘Railways’

ASX Company News: UGL Secures Victorian Rail Contract

Thursday, December 22nd, 2011

UGL Limited (UGL) announced that it has secured a new contract with the Regional Rail Link Authority (RRLA) of Victoria. The total value of the alliance contract is approximately $278 million of which UGL’s share of revenue is anticipated to be approximately $176 million. Works will extend under the contract until mid to late 2015. Under the new contract, UGL will provide train control, signalling, telecommunications and passenger information systems throughout the Regional Rail Link system. The Regional Rail Link is a major new rail line in Victoria that separates regional trains from metropolitan trains increasing capacity and reliability within the Victorian rail system. UGL will operate as part of an alliance, partnering with Manidis Roberts, Metro Trains Melbourne (MTM), V/Line, and the client, RRLA.

UGL Managing Director & CEO, Richard Leupen said: “Securing this contract with the RRLA reinforces UGL’s long history of involvement in rail projects in Victoria and demonstrates UGL’s ability to deliver complex signalling and communications systems to passenger rail networks in major cities. The contract further cements our position as one of the leading integrated engineering services firms in the rail sector complementing our capabilities across design, manufacturing and maintenance services.” “Investment in improving and upgrading Australian infrastructure remains a key priority of state and federal governments and we are actively tendering for and winning a significant share of this work. An increasing proportion of this work is alliance-style which complements and enhances the risk profile of UGL’s order book and our ability to generate stable, recurring income growth over the long term.”

UGL Limited (UGL) is an engineering, maintenance, corporate real estate services and facilities management company operating in the water, power, transport, communications, resources and property sectors. It consists of four divisions – UGL Infrastructure, UGL Rail, UGL Resources and UGL Services. Headquartered in Sydney, Australia, UGL Limited operates in Australia, New Zealand, Asia, North America and the Middle East employing approximately 53,000 people.

www.ugllimited.com

http://www.traderdealer.com.au/Fundamentals/ugl

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ASX Company News: Coffey International Sells Rail Consultancy Business

Tuesday, December 6th, 2011

Coffey International Limited (COF) announced the sale of its rail consultancy business, Coffey Rail, to Opus International Consultants for a cash consideration of A$9.0 million. Coffey Rail provides specialist rail advisory services to owners, operators and contractors in the public and private rail transport sector.

John Douglas, Managing Director of Coffey, said: “The sale of Coffey Rail completes our strategic review initiatives announced in June this year. We have refocused Coffey on its core businesses of Geosciences, International Development and Project Management, and have resolved the future of those businesses deemed non-core. The sale proceeds will be used to further reduce Coffey’s debt. “I believe the sale of our rail business to Opus is a positive outcome for all stakeholders, including staff and clients, as it removes the uncertainty with respect to future ownership and provides the business with a renewed level of support and direction that a company such as Opus will be able to deliver,” he said.

Opus is a multidisciplinary consultancy that provides asset development and management solutions for infrastructure facilities in New Zealand, the United Kingdom, Australia, and North America. Opus currently employs approximately 2,400 staff working from 76 offices globally. Coffey Rail is a specialist rail advisory, engineering and management consulting business providing strategic modelling, design, management and implementation services to the rail industry.  Coffey International Limited is a specialist professional services consultancy with expertise in geosciences international development, and project management.

www.coffey.com

http://www.traderdealer.com.au/fundamentals/cof

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ASX Company News: Downer EDI Secures Rail Car Contract

Thursday, July 21st, 2011

Downer EDI Limited (DOW) announced  that it had been awarded a contract, through a 50:50 joint venture with Bombardier Transportation Australia, with Western Australia’s Public Transport Authority (PTA) for the supply of passenger rail cars. The value of the contract is more than $160 million, of which Downer’s share is in excess of $80 million. Downer Bombardier will supply 15, three car, single-deck electric trains to grow the PTA’s existing B Series fleet. The trains will be manufactured at Downer’s facility in Maryborough.

The Chief Executive Officer of Downer, Grant Fenn, said today’s announcement builds on Downer’s strong and long standing relationship with the PTA. “Downer Bombardier has been supplying the PTA with trains since 1991 and we are very pleased to continue our partnership in order to provide essential services to the people of Perth and the state’s growing public transport network.”

Downer’s Rail division has over 100 years’ experience and is the leading provider and maintainer of passenger and freight rolling stock in Australia. The division’s broad range of capabilities and expertise includes passenger cars, locomotives, freight wagons and light rail. Downer EDI Limited provides comprehensive engineering and infrastructure management services to the public and private Minerals & Metals, Oil & Gas, Power, Transport Infrastructure, Communications, Water and Property sectors across Australia, New Zealand, the Asia Pacific region and the United Kingdom.

www.downergroup.com

http://www.traderdealer.com.au/fundamentals/dow

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ASX Company News: QR National Secures Coal Haulage Contract With Stanwell Corporation

Friday, June 24th, 2011

QR National (QRN) has signed a long-term coal haulage contract with Stanwell Corporation Limited to transport up to 3.7 million tonnes per annum. The contract commences on 1 July 2011 and runs to December 2020. It provides for the haulage of up to 3.7 million tonnes per annum from Wesfarmers’ Curragh mine to Stanwell Power Station, located west of Rockhampton.

QR National Executive Vice President and CEO Coal Customers and Strategy, Curtis Davies, said the company was delighted to renew a long-term relationship with Stanwell. “Renewing this rail haulage agreement has provided a win/win for Stanwell and QR National,” Mr Davies said. “The contract includes commercial incentives for strong operational performance by QR National, underpinning Stanwell’s key considerations – security of supply and the flexibility to meet power station variability.”

QR National has been forging a strong partnership with Stanwell Corporation for almost 20 years, since its first shipment of coal in June 1992. Since this time, more than 54.2 million tonnes have been delivered to the station.

www.qrnational.com.au

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ASX Company News: Gindalbie Metals Signs Rail Contract With QR National

Tuesday, June 7th, 2011

Australian iron ore  producer Gindalbie Metals Limited (GBG) and leading freight haulage business QR  National  Limited (QRN) are  pleased to  announce the signing of  a  Rail  Haulage  Agreement (“RHA”) which represents a key component of the long term logistics solution for the Karara Iron Ore Project in Western Australia.

The Karara Joint Venture Company, Karara Mining Limited (“KML”), has signed a long-term RHA with QR National Freight’s subsidiary  Australia Western Railroad Pty Ltd (“AWR”) to transport  up to  10Mtpa of magnetite concentrate  and/or  hematite direct shipping ore (“DSO”)  over a period of 10 years. KML’s tonnage obligations commence on a staged basis from January 2012 through to May 2012.

With escalation, the RHA will generate approximately $900 million in revenue for QR National.  Under the agreement, QR National Freight will invest in excess of A$200 million in new locomotives, wagons and upgraded administration and maintenance facilities at the Narngulu East Facility near Geraldton. Once ramp-up is completed, the rail haulage services provided by QR National Freight will involve four trains per day with 100 wagons per train.

Conditions precedent to the RHA are the signing of rail access agreements with rail owner Westnet and a direct agreement with KML’s security trustee, all of which are in advanced stages of negotiation, and KML obtaining the consent of its financiers to the final form of the RHA.  KML and QR National Freight have also signed a separate Relationship Agreement to work together on any future expansions.

Gindalbie’s Managing Director, Mr Tim Netscher, said the signing of a long-term commercial agreement with the above rail operator represented a major milestone for the Karara Project, locking in the ore haulage component of the logistics chain. He said he expects the below rail contract to be concluded shortly.

www.gindalbie.com.au

http://www.traderdealer.com.au/fundamentals/gbg

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ASX Company News: Lend Lease Has Secured Rail Maintenance Facility Contract

Wednesday, June 1st, 2011

Lend Lease (LLC) announced that Abigroup, as part of the Pacific National Infrastructure Alliance, has secured a contract for the design, pricing, delivery and commissioning of the first Pacific National coal rolling stock maintenance facility in Queensland near Nebo. The Alliance participants include Abigroup, Pacific National, QR National and BG&E Pty Limited and the contract value to Abigroup is circa A$100 million. Abigroup’s role in the alliance is to deliver the civil infrastructure component of the works and provide overarching management of the scope of the alliance works. Early works commenced on site in April 2011 and the project is due to be completed in June 2012.

Lend Lease Group Chief Executive Officer and Managing Director, Mr Steve McCann, said the contract expands the Group’s infrastructure operations into Central Queensland and leverages Abigroup’s position in the rail market which is a key growth sector for the business. “We are delighted to have secured this project after being selected by Pacific National as preferred constructor in 2010”, said Mr McCann. “The increasing diversity of our client base further strengthens the Group’s position in our growth market of infrastructure.”

www.lendlease.com

http://www.traderdealer.com.au/Fundamentals/llc

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ASX Company News: John Holland Secures NSW Rail Link Contract

Wednesday, December 8th, 2010

John Holland, a subsidiary of Leighton (LEI),  has been awarded the contract to deliver works between Glenfield South and Leppington for the South West Rail Link project by the New South Wales Government’s Transport Construction Authority (TCA). The design and construct contract is valued at approximately $550 million. John Holland will deliver 10.5 kilometres of new twin track electrified rail line from Glenfield to Leppington under the contract, including new passenger stations at Leppington and Edmondson Park and a train stabling yard at Rossmore. Incorporated in the civil works is the movement of 1,000,000 cubic metres of earth, the delivery of retaining walls, five overbridges and seven underbridges, including an underpass beneath the Hume Highway. Work on the project will commence early in 2011 and is expected to be completed in 2015.

John Holland’s Group Managing Director, Glenn Palin, said: “This contract builds on our recent success in the delivery of major expansion and electrification works in the rail sector, consolidating our position as the pre-eminent rail contractor in Australia.” Richard Stewart, General Manager, National Operations & Major Projects, John Holland’s Rail business, said: “The award reflects our strength in civil contracting and the value of our specialist skills in the rail sector, and follows a number of recently completed projects delivered on behalf of the Transport Construction Authority.” He continued, “We look forward to extending our relationship with TCA and the successful delivery of this important new piece of infrastructure for the people of Sydney’s south-west.”

John Holland, a wholly owned subsidiary of Leighton Holdings Limited, is one of Australia’s leading and most diversified contracting, engineering and services providers. Operating across Australia, John Holland’s business is driven by its unique delivery model, combining national specialist skills with strong regional civil construction and building businesses.

www.jhg.com.au

www.leighton.com.au

http://www.traderdealer.com.au/Fundamentals/lei

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UGL Secures $100 million Train Order

Tuesday, April 20th, 2010

UGL Limited (UGL) today announced that its rail division has secured new freight rolling stock and wagon orders with QR Limited, valued at $100 million. The manufacturing and delivery orders include 4 x C44ACi locomotives for operation in the Hunter Valley; 160 x QHBH freight wagons for operation in the Hunter Valley; and 200 x VCB freight wagons for operation in the Bowen Basin. The manufacturing and delivery of these orders with QR will be undertaken through a number of the company’s Australian rail facilities including those in New South Wales and Queensland.

UGL’s Managing Director and CEO, Richard Leupen, said: “These recent successes in our rail  business reflect the continued strength in the resources sector and expanding opportunities currently being experienced in the Australian freight market. They also reflect our ability to efficiently source and deliver high quality, cost effective and reliable rail freight solutions to our customers. We are pleased that QR has chosen to expand their long association with UGL.” Mr Leupen added: “The business is currently experiencing a near record level of tendering activity across all of the company’s operations supporting increasing levels of visibility and confidence as we move forward.”

UGL (UGL) is an engineering, maintenance and facilities management company operating in the rail, water, power, transport, resources and property sectors. It consists of four divisions – UGL Infrastructure, UGL Rail, UGL Resources and UGL Services (incorporating UGL Premas, UGL Equis and UGL Unicco). Headquartered in Sydney, Australia, UGL operates in Australia, New Zealand, Asia, North America and the Middle East employing approximately 41,000 people.

www.ugllimited.com

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Leighton Awarded $370 million Contract By Queensland Rail

Monday, April 19th, 2010

An alliance involving Leighton Contractors has been awarded a contract worth approximately $370 million dollars to deliver a component of QR’s Goonyella to Abbot Point (GAP) Expansion Project in Central Queensland.

Partners from the CoalConnect Alliance, Leighton Contractors, QR, GHD and KBR, will deliver the Northern Missing Link which will involve below ballast works on the greenfield link between the existing Goonyella and Newlands rail systems. Work will also include duplication works on part of the Newlands rail system.  The contract includes $68 million previously allocated to the Alliance in 2008 to commence earthworks on the project.

Peter McMorrow, Managing Director of Leighton Contractors, said the company is well positioned to deliver the project and is proud of its award winning expertise in the rail construction field.  “We have a strong track record in a number of key rail infrastructure projects across Australia,” Mr McMorrow said.  “This expertise and experience is invaluable in delivering rail construction projects such as the CoalConnect Alliance.’’

Darren Weir, General Manager of Leighton Contractors Northern Region, said the project was a key part of QR’s capital expenditure program.  “We are delighted to support the expansion of Queensland’s rail capacity, and we look forward to continuing to work closely with QR to see these vital works come to fruition,” Mr Weir said.  The project, which is due for completion in December 2011, will significantly increase the carrying capacity and reliability of the central Queensland coal rail system.

www.leighton.com.au

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MTR Corporation Awarded Rail Contract

Friday, March 12th, 2010

The MTR Corporation Limited (MTR Corporation) has awarded Leighton Asia (LEI) a contract worth A$463 million for the construction of the tunnels and ventilation buildings in the Tse Uk Tsuen to Shek Yam section of the Guangzhou – Shenzhen – Hong Kong Express Rail Link (XRL).

The Guangzhou – Shenzhen – Hong Kong Express Rail Link (XRL) is a cross boundary transport infrastructure project, which will provide high speed rail services between Hong Kong and mainland China. The Hong Kong SAR Government has entrusted the design and construction of the Guangzhou – Shenzhen – Hong Kong Express Rail Link Hong Kong Section to the MTR Corporation.

The Hong Kong section of the XRL will be underground for the 26 km from the terminus in West Kowloon to the boundary crossing point at Huanggang, Shenzhen. The awarded Contract 822 includes the construction of a 7.6 km twin-track tunnel between Tse Uk Tsuen and Shek Yam, ventilation and access adits, two ventilation buildings and a 90 m deep ventilation shaft. Drill and blast techniques will be used for the construction of the tunnels. The works will be undertaken in co-operation with Macmahon Holdings.

Hamish Tyrwhitt, Managing Director of Leighton Asia said “Leighton Asia is delighted to be selected to construct another part of Hong Kong’s rail network. The XRL will provide the strategic link for Hong Kong to the comprehensive high-speed rail network in Mainland China. Leighton is excited to play a key role in this effort to provide a fast and convenient railway service to the communities in Hong Kong that will connect to other mainland cities.”

Contract works start in March 2010 with scheduled completion in 2015.

www.leighton.com.au

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