ASSET DESCRIPTION
- Sydney Metro Northwest opened to the public in May 2019 and comprises 13 railway stations between Tallawong and Chatswood and 4,000 new commuter car parking spaces
- Represents the first stage of Sydney Metro, Australia’s largest public transport project and first fully automated metro railway
- Concession comprises 5 years of construction and 15 years of operation
INVESTMENT FUNDAMENTALS
- CPI linked availability based payments from the State of NSW
- Consortium with significant rail construction and O&M experience
- $3.7bn operations contract
- 20% of the ordinary equity with board representation and 25% preferred equity
SOME HIGHLIGHTS ON OUR EXIT
- Palisade-managed investors have been invested in Sydney Metro Northwest since Financial Close in September 2014
- The selldown following commencement of operations is at an attractive return commensurate with the de-risking of the project following construction completion in early 2019
Visit the Sydney Metro Northwest website
