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GoldLinQ reaches financial close on Gold Coast light rail project

By BFN News | 01:48 PM | Wednesday 08 June, 2011

GoldLinQ - a consortium which includes International Public Partnerships - has reached financial close on the Gold Coast rapid transit project in Australia. The project is a A$1bn, 18-year public private partnership contract with the Queensland state government to design, build, finance, operate and maintain a light rail public transportation system, between Gold Coast University Hospital and Broadbeach in one of the fastest growing regions in Australia. The project includes 16 stations, a number of viaduct and bridge structures, as well as the provision and operation of 14 rail vehicles. The project has been designed to accommodate a peak daily usage of 75,000 passengers. The new light rail system is scheduled to open in 2014. GoldLinQ chairman John Witheriff said: "The manner in which financial close was achieved is a testament to the quality of the project and the overwhelming support it has gained within the financing team." At 1:48pm: (LON:INPP) share price was -0.1p at 116.7p Story provided by