What sovereign risk? East West Link companies bid for Melbourne Metro construction
Those who followed the happenings with the East West Link tollway in Victoria would remember the overblown “sovereign risk” scaremongering from the conservative side of politics. Yesterday’s announcement of the consortia bidding to build the Melbourne Metro tunnel further shows how that had turned out to not be a thing:
Premier Daniel Andrews joined Minister for Public Transport Jacinta Allan to announce the shortlisted bidders for the $6 billion Public Private Partnership (PPP) to build the biggest public transport project in Victorian history:
- Continuum Victoria – comprising ACCIONA Infrastructure, Ferrovial Agroman, Honeywell, Downer EDI and Plenary Origination
- Cross Yarra Partnership – comprising Lendlease Engineering, John Holland, Bouygues Construction and Capella Capital
- Moving Melbourne Together – comprising Pacific Partnerships, CPB Contractors, Ghella, Salini Impregilo, Serco and Macquarie Capital
The Metro Tunnel will create 4,700 jobs and free up space in the City Loop to run more services in and out of the City on lines across the network, benefiting passengers across Melbourne.
I think it’s quite noteworthy that some of the companies bidding to build the Melbourne Metro rail tunnel were part of the East West Connect consortium, which was selected to build East West Link. It just goes to show that the reality doesn’t match the rhetoric you hear from conservatives.