According to CIMIC Group Chief Executive Officer Michael Wright, the extension will generate $630 million in revenue.
“We are very pleased to be extending our long-standing relationship with Sydney Trains and Transport for NSW, building on a partnership that has spanned several decades,” Mr. Wright said.
“Through this contract extension, UGL will provide value and optimal benefit for the people of New South Wales.”
The five-year extension replaces the two-year extension announced 30 January 2019.
Under the contract, UGL will provide heavy maintenance, component overhaul and supply chain capabilities, coupled with engineering and depot-related support.
UGL Managing Director Jason Spears said services would be delivered through UGL Unipart, a 70:30 joint venture between UGL and Unipart Rail UK.
“The joint venture draws on both UGL’s asset management and maintenance capability, and extensive knowledge of Sydney’s metropolitan passenger rail fleet,” Mr. Spears said.
“In addition, Unipart Rail UK will deliver world class supply chain services.”