Marubeni : Sydney Metro Northwest Commences Operation
May 27, 2019 at 09:39 am IST
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May 27, 2019
Marubeni Corporation
Sydney Metro Northwest Commences Operation
Marubeni Corporation (hereinafter, "Marubeni") is an investor in NRT Pty Ltd. (hereinafter, "NRT"), which in September 2014 was awarded the operations contract of the Public Private Partnership (hereinafter, "PPP") for Sydney Metro Northwest - the largest PPP ever awarded in New South Wales. Sydney Metro Northwest opened to customers on May 26 2019.
Sydney Metro Northwest is the first stage of Australia's biggest public transport project, Sydney Metro. The project is the first fully-automated metro in Australia.
Sydney Metro Northwest includes the delivery of 22 fully automated metro trains, eight new metro stations, five upgraded stations and 4,000 commuter car-parking spaces. NRT will undertake operations and maintenance of the 36 kilometre metro system for 15 years. During peak hours, trains will arrive every four minutes; Sydney Metro Northwest will help to alleviate traffic congestion in the North West of Sydney, an area of Australia which is experiencing rapid population growth. For the first time in Australia, Sydney Metro Northwest also includes platform screen doors at all 13 stations, making train operations safer.
Since 2011, Marubeni has continued to develop its portfolio of PPP assets in Australia, which includes participation in Stages 1 and 2 of a Light Rail PPP Project on the Gold Coast, Australia. Growth in sustainable mass transit and urban rail projects is expected to continue in Australia, and Marubeni will strive to expand its commitment to transportation and social infrastructure in Australia as a trusted and long-term partner.
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Marubeni Corporation published this content on 27 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 May 2019 04:08:09 UTC
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)