Leighton & UGL to work on Sydney rail network

Company News

Construction company Leighton Holdings Limited (ASX:LEI) and engineering company UGL Limited (ASX:UGL) are part of a preferred consortium chosen to work on Sydney’s rail network. 
The New South Wales Government has selected the Northwest Rapid Transit Consortium as the preferred operator of the $8.3 billion North West Rail Link. 
The consortium includes Leighton’s subsidiaries, John Holland and Leighton Contractors, and UGL, MTR Corporation and Plenary Group.   
As part of a public private partnership with the New South Wales Government the consortium will design, build, finance and operate the new rapid transit service. 
The project is touted as Australia’s biggest public transport project and will service a 36 kilometre route to the fast growing region of North West Sydney. 
Leighton Holdings reported a net profit of $469 million in the 2013 calendar year.

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