Leighton Holdings subsidiary John Holland will manage the NSW Government’s Country Regional Network project (CRN)
December 9, 2010
Leighton Holdings subsidiary John Holland will manage the NSW Government’s Country Regional Network project (CRN).
The Country Rail Infrastructure Authority
contract
comprises the operation, management, maintenance and upgrade of regional railway lines across NSW. It includes 2,700 kilometres of operational freight and passenger lines and 3,100 kilometres of non-operational lines.
John Holland expects revenue of approximately $1.5 billion over the next 10 years under the agreement, which will be concluded on 17 December.
The CRN project will deliver the full scope of railway asset management services including network operations, signalling, structures and major periodic maintenance.
“This contract represents a strategic expansion into railway asset maintenance and is the first part of our broader push toward the establishment of a comprehensive transport asset maintenance business across a range of infrastructure and transport classes,” says John Holland Group Managing Director Glenn Palin.
Rail business Executive General Manager Karl Mociak adds: “In addition to being Australia’s largest rail construction contractor, the CRN contract now establishes John Holland as Australia’s largest private railway asset management company.
“The further development of our systems and expertise in railway asset management through this contract will provide a foundation on which to broaden our service offering to include train operation and control services,” Mociak says.
“These new services will be offered to private and public sector clients across Australia and abroad.”
A workforce in excess of 400 will be created to deliver the full scope of works for the CRN project, which will commence late in 2011 and run through 2021.