Transdev strengthens its position in the light rail market


Issy Les Moulineaux, December 19, 2014

Transdev wins the public-private partnership contract for the Sydney light rail network

The ALTRAC Light Rail* consortium, which includes Transdev, Alstom, Acciona and Capella Capital, has been selected by the government of New South Wales, Australia, to design, build, operate and maintain the new Sydney CDB & South East Light Rail (SDELR) line under a public-private partnership agreement. The PPP also covers the operation and maintenance of the existing light rail network, the Inner West Light Rail. Operation of the two lines by Transdev until 2034 is worth cumulative revenue of over 1 billion euros.

The new light rail line will provide multiple connections with the existing network, but also with the rail network, buses and ferries, and will service the city’s main neighborhoods.

The main features of the bid submitted by ALTRAC Light Rail are coupled pairs of light rail vehicles that will greatly increase capacity from day one of their entry into service, a section without overhead wires along most of George Street (Sydney’s main street) to preserve the character of this well-known area, a more condensed work schedule to guarantee service start-up from early 2019, and a number of improvements to reduce the impact of construction.

The contract strengthens Transdev’s position in Sydney, where the group also operates the famous ferries and a bus network (500).

Ups its stake in the Barcelona light rail system

Transdev has acquired FCC Connex’s shares in the Barcelona light rail system. The transaction strengthens Transdev’s position within the public-private partnership covering the Barcelona system until 2032. Transdev now owns 66% of the operating companies for the two networks making up the system (against 33% before transaction) and 5.53% of the two concession companies.

The two networks, named Trambaix and Trambesos, have a total of six lines. They entered service in 2004 and run on tracks totaling 30 km. They transport 25 million passengers a year and are operated by 205 employees.

Annual revenue for the two operating companies is over 30 million euros.

 * The ALTRAC consortium comprises Transdev Sydney, Alstom Transport Australia, Acciona Infrastructure Australia and Capella Capital; its risk capital investors are First State Super, John Laing and Acciona Concesiones.

This is really good news for Transdev as it bolsters our position in the light rail sector, which is the flagship for the rejuvenation of urban public transit. Sydney will be our company's 24th light rail system. With the lines we operate in France (including Grenoble, Besançon, Montpellier, Rouen and Mulhouse) and elsewhere, including Hong Kong, Shenyang, Dublin, Rabat and Tenerife, we are making our mark as the benchmark partner for light rail.
Jean-Marc Janaillac, Chairman and CEO of the Transdev Group

About Transdev

A subsidiary of Caisse des Dépôts and Veolia Environnement, Transdev is one of the world’s leading public transportation companies.

Transdev advises and assists local authorities, from pre-project to daily operations of public transit systems to project management. With 86,000 employees in 20 countries, the company operates 48,000 vehicles and 23 light rail networks. Transdev generated revenues of 6.6 billion euros in 2013.

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