South-East Queensland’s largest infrastructure project.
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South East Queensland is growing, with an extra 1.9 million people expected by 20361. To accommodate this rising population, the region needed a rejuvenated rail network to ease congestion and improve accessibility for those travelling to and from Brisbane’s CBD.
Macquarie acted as exclusive financial adviser, Over Station Development adviser and debt arranger to the Pulse consortium2 for the Cross River Rail (CRR) Tunnel, Stations and Development public private partnership (PPP).
The Tunnel, Stations and Development PPP is the largest of three packages as part of the broader CRR project and will reduce road users on key feeder roads into Brisbane.
10.2km of new rail
including 5.9km of twin tunnels and four new underground stations in Brisbane
Will support up to 7,700 jobs during its 5-year construction period
Turn-up-and-go transport system
Enables a turn-up-and-go transport system across South East Queensland
18,000 more seats
Once operational, CRR will build capacity to enable 18,000 more seats into Brisbane during morning peak
2. Pulse consortium is led by CIMIC Group companies, Pacific Partnerships, CPB Contractors, and UGL with international partners DIF, BAM and Ghella.