June 7, 2021
The rail infrastructure space has never experienced such a boom. Throughout Australia there is expansions and new projects occurring both in metro and rural locations.
- Currently, Australia’s biggest rail projects include:
- Sydney Metro Project – ~$12.5 billion;
- Melbourne Metro Project – ~$11 billion;
- Inland Rail Project – ~$10 billion;
- Cross River Rail in Brisbane – ~$5.4 billion; and
- Perth Metronet – ~$2.7 billion.
This Railway Series, released over the next few weeks, will explore topics relevant to railway projects of this magnitude. It will provide insights for both Principals and Contractors based on my recent 6-month secondment to help restore and refurbish the world’s largest privately owned railway, working with Rio Tinto, Downer Group and Lewis Woolcott.
My involvement included:
- tender phase preparation and application review;
- contractor selection;
- contract drafting and contract execution; and
- project mobilisation.
Based off this experience, the Railway Series will discuss:
- Railway Projects and the Target Cost Contract Model;
- Pain Share / Gain Share in Railway Projects;
- Managing Risk in Railway Projects; and
- Stakeholder Engagement in Railway Projects.
The application of these principles can be used effectively for railway projects, and all large-scale projects that have a number of moving parts e.g. stakeholders, risks, financial barriers and time limits.
Our team at Lamont Project and Construction Lawyers have the knowledge and experience to assist with all major projects, including rail. If you would like to discuss any matters raised in the forthcoming Railway Series, as it relates to your specific circumstances, please do not hesitate to contact us.
Contact: Trent Jones – [email protected] or Peter Lamont – [email protected]