Ferrovial consortium picked for Western Roads Upgrade in Melbourne

Ferrovial’s subsidiary Cintra is part of a joint venture that has been selected as preferred respondent for the Western Roads Upgrade project in western Melbourne. The State of Victoria awarded the deal to Netflow, a joint venture between Plenary and Cintra with a focus on road projects in Australia and New Zealand. The win includes Ferrovial subsidiaries Broadspectrum and Amey taking charge of maintenance on the project worth nearly US$1.4 billion. The overall contract is for the design, construction and
November 3, 2017 Read time: 2 mins

Ferrovial’s subsidiary Cintra is part of a joint venture that has been selected as preferred respondent for the Western Roads Upgrade project in western Melbourne.

The State of Victoria awarded the deal to Netflow, a joint venture between Plenary and Cintra with a focus on road projects in Australia and New Zealand. The win includes Ferrovial subsidiaries Broadspectrum and Amey taking charge of maintenance on the project worth nearly US$1.4 billion.

The overall contract is for the design, construction and financing of works to upgrade and rehabilitate western Melbourne’s suburban road network and then maintain them for 20 years.

Work includes the upgrade and duplication of six suburban arterial roads, the construction of two interchanges and rehabilitation and maintenance of more than 700-lane-kilometres of road.

Cintra, and its partner Plenary will be responsible for the development of the project. WBHO Infrastructure will be in charge of construction.

The concession term will be over 20 years from the end of construction completion, expected for 2020. In the coming months, the consortium will work to achieve financial close. Design and construction works will start as soon as financial close has been achieved.

The project is the second investment of Ferrovial in Australia since the Toowoomba Second Range Crossing awarded in 2015.

The Western Roads Upgrade becomes the first project awarded since the creation of the Netflow joint venture between Cintra and Plenary to develop road projects in Australia and New Zealand.

Finance & Funding

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