CIMIC’s UGL Secures $277M Extension With Sydney Trains

CIMIC Group company UGL, as part of a joint venture, has secured an extension to its contract with Sydney Trains for the delivery of maintenance and logistics services for a section of Sydney’s metropolitan passenger rail fleet.

The two-year extension will be effective from July 2019 and provide heavy maintenance and supply chain services to more than 1,050 passenger rail cars.

The extension will generate revenue of approximately $277 million to UGL. 

CIMIC Group Chief Executive Officer Michael Wright said: “Extending our contract with Sydney Trains is testament to our leading rail sector expertise and experience. Together we are working to support the development of the Sydney rail network for the benefit of the people of New South Wales, now and into the future.”

UGL Managing Director Jason Spears said: “We value our long-standing partnership with Sydney Trains.  This extension demonstrates our commitment to working with our customer to achieve their goals of delivering safe and reliable transportation for the travelling public.”

The joint venture, UGL Unipart, is a 70:30 joint venture between UGL and UK-headquartered Unipart Rail that delivers whole-of-life asset solutions to support highly reliable passenger car fleets.  It draws on UGL’s asset management and maintenance capability and intimate knowledge of Sydney’s metropolitan passenger rail fleet.

CIMIC Group Limited (ASX: CIM) is a world-leading infrastructure, mining, services and public private partnerships group.  We have businesses in construction (CPB Contractors and Leighton Asia), mining and mineral processing (Thiess and Sedgman), operation and maintenance services (UGL), public private partnerships (Pacific Partnerships) and engineering (EIC Activities). Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people.  With a history since 1899, and more than 50,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX100 index, the Dow Jones Sustainability Australia Index and FTSE4Good.