The ACS Group, through its Australian and US subsidiaries, has been awarded several rail and residential projects totalling 976 million euros.
Specifically, it has been awarded the construction and operation of the next phase of the Canberra Light Railway for 356 million euros (577 million Australian dollars).
The contract is expected to generate revenues of 140 million euros (A$227.5 million) for the group, it said in a statement.
Specifically, the project involves the financing, design, construction, and operation of stage 2A of the light rail from the Australian city of Canberra to Commonwealth Park.
The project is jointly funded by the Australian and Australian Capital Territory (ACT) governments.
The Stage 2A catenary-free/wireless extension will be delivered under a public-private partnership between the selected consortium and the Australian Capital Territory Government.
The scope of the design and construction work includes the delivery of three new stops at Edinburgh Avenue, City South and Commonwealth Avenue, with construction to commence in January 2024 and last four years.
This is the third Canberra Light Rail package to be awarded to the consortium, which includes subsidiaries CIMIC Pacific Partnerships, CPB Contractors and UGL.
CIMIC Executive Chairman and ACS CEO Juan Santamaria said that the progressive stages of Canberra Light Rail are modernising the city’s public transport system, connecting residential areas with employment, social and cultural centres.
ACS adds new projects in the US for 620 million euros
ACS, through its subsidiary Turner, has begun construction work on a 239 million euro (260 million US dollars) medical student residence in New York City.
The building will have 16 floors and provide 272 beds for medical and graduate students. When completed, expected in spring 2025, the project will nearly double the institution’s student residential space.
ACS has also begun construction of a 381 million euro ($415 million) Law Enforcement Training Academy campus in Nashville, US.
The campus will enhance training and resources for Tennessee law enforcement. The facility will also be used by various government agencies.
The building will include simulation spaces, a courtroom, simulated detention modules, a gymnasium, more than 20 classrooms and other instructional areas.
The campus can accommodate 400 cadets and 200 in-service personnel.
Construction of the training academy facility is scheduled to begin in the summer of 2024.