Transforming the public transport network in South-East Queensland
South-East Queensland’s largest infrastructure project
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
- 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
- Enables a turn-up-and-go transport system across South East Queensland
- Once operational, CRR will build capacity to enable 18,000 more seats into Brisbane during morning peak
- Will reduce road users on key feeder roads into Brisbane
2. Pulse consortium is led by CIMIC Group companies, Pacific Partnerships, CPB Contractors, and UGL with international partners DIF, BAM and Ghella.