Regional Rail Fleet Project - ISD-17-6185

Under the contract, Momentum Trains will finance the project, design, build and maintain the new fleet as well as design, build, maintain and operate a new, purpose-built train maintenance facility in Dubbo. The contract also covers upgrading, operating and maintaining the Sydenham Maintenance Centre to use as a metropolitan base for refuelling, provisioning and corrective maintenance. The new fleet will comprise 117 new carriages to form 10 regional intercity trains, nine short regional trains and 10 long regional trains.The new trains will improve safety, comfort, accessibility and reliability for customers who travel from Sydney to many regional centres in NSW, as well as Canberra, Melbourne and Brisbane. Building the new train maintenance facility in Dubbo will help stimulate the regional economy and create sustainable job opportunities and skills. The Project Deed sets out the terms and conditions of the Regional Rail contract. Schedule 3 of the Project Deed sets out the Project Scope and Requirements. The Project Deed was entered into on 14 February 2019, and became effective on 15 February 2019 (Financial Close) when the Conditions Precedent were met. The total budget for the project is $2.8 billion which includes a capital cost of $1.26 billion for the new fleet, the new maintenance facility in Dubbo, some minor network enabling works and project costs, as well as recurrent costs associated with maintenance services for the first 15 years.