Downer EDI Limited (Downer) has achieved contractual close on the Queensland Train Manufacturing Program (QTMP), the largest investment in new rollingstock in Queensland history.
The contract, which will generate revenue to Downer of approximately $4.6 billion, includes the design, manufacture and commission of 65 six-car passenger trains, two training simulators, and the design, construction and commission of the purpose-built train manufacturing facility at Torbanlea and the rail facility (for maintenance and stabling) at Ormeau.
Construction of the manufacturing and maintenance facilities will commence later this year, with all trains expected to be in passenger service by 2032.
To support the delivery of the QTMP contract, Downer has successfully established Australia’s first standalone Green Syndicated Bank Guarantee Facility.
The facility has been established with the support of Downer’s relationship banks and will be managed by Downer under the newly established Green Finance Framework.
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