logo

Sydney Metro Northwest Project

   

Added on  2023-01-19

15 Pages3413 Words83 Views
Running head: SYDNEY METRO NORTHWEST PROJECT
Sydney Metro Northwest Project
Name of the Student
Name of the University
Author’s note

1SYDNEY METRO NORTHWEST PROJECT
Table of Contents
Part A: Project Overview.................................................................................................................2
1.1 Overall Budget.......................................................................................................................2
1.2 Social and Economic Rationale.............................................................................................2
1.3 Key Statistics.........................................................................................................................3
1.4 Funding Mechanisms.............................................................................................................4
1.5 Key Stakeholders...................................................................................................................4
Part B: Risk Analysis.......................................................................................................................5
Part C: Risk Mitigation Plan............................................................................................................7
References......................................................................................................................................10

2SYDNEY METRO NORTHWEST PROJECT
Part A: Project Overview
1.1 Overall Budget
During the design of the project, three major contracts were awared during the year 2013
and 2014 in order to deliver and operate the functions within Sydney Metro Northwest.
Stations and Tunnels Civil Works – A contract of $1.15 billion was awarded to CPB
John Holland Dragados. The primary purpose of the contract was to involve the building of the
15 kilometre long twin tunnels between Epping and Bella Vista (Sydneymetro.info 2019). It was
thus considered as one of the longest railway tunnels that had been ever built in Australia.
Viaduct and Surface Civil Works – A major contract of $340 million was awarded to
Impregilo-Salini joint venture on 17th December 2013. The contract had involved the building of
the four kilometre long elevated form of skytrain between Rouse Hill and Bella Vista (Clifton,
Mulley and Hensher 2014). This had also included a 270-metre cabled bridge at Windsor Road
situated at Rouse Hill.
Trains, Systems and Operations – The contract of $3.7 billion operators was majorly
awarded to Northwest Rapid Transit on 15th September 2014 (Chalker and Loosemore 2016).
The contract had involved the delivery of eight new railway stations, new metro trains in
Sydney, upgrading of the railway connection between Epping and Chatswood and also building a
major space for accomodating 4000 cars.
1.2 Social and Economic Rationale
The Sydney Metro Project is considered as one of the largest public transport project in
Australia that had approximately costed up to $12.5 billion. The benefits from the project is that
the new trains would have a capacity of carrying approximately 46,000 people within every hour

3SYDNEY METRO NORTHWEST PROJECT
(Cardew 2017). The addition of this project would also enable a fast and reliable network within
the North West area of Sydney. It would also improve the commute for people who choose
public transport and would also decrease the congestion on roads. Apart from such benefits, one
another important benefit is that it would also increase the position of job market.
The drawbacks, which could be estimated from the project are that it would lead to a
negative economic impact (Weisbrod, Mulley and Hensher 2016). With the introduction of the
metro project, large numbers of railway staff could lose their jobs in the long term. The rail link
between Epping to Chastwood Rail Link would be shut down for almost half a year.
1.3 Key Statistics
Scope and Size – The scope of the Sydney metro Project is to deliver a quality service
that had been never experienced by the people of Australia. The project would deliver a capacity
to increase the number of existing trains to enter the CBD (Legaspi, Hensher and Wang 2015).
The massive size of the project could be estimated from the fact that the metro would have
enough room for accommodating 100,000 commuters in an hour during the peak times. This
would thus help a lot of people to travel from one part of the city and reach to their destinations.
Budget and Estimated Cost – The budget and estimated cost for the project has been
confirmed as $8.3 billion.
Time required to complete the Project – The time required to complete the entire
project would take a time period of 7 years. The project had initially started in the year 2013 and
is expected to be completed by the year 2019.
Key Construction Elements or Phases – The key construction elements or phases that
would form a major part of the project are:

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Professional Project: Sydney Metro Northwest Planning and Alternatives
|6
|1333
|312

Financial Management of Projects
|34
|4615
|474