The AUS$378.6M (£208M) contract for the construction of Martin Place station has been awarded to the Macquarie Group.
The new station will be Sydney’s first integrated metro station development, and Macquarie Group will deliver the largely underground station component of the new Martin Place metro station – including new underground pedestrian connections.
Sydney Metro tunnel builders John Holland CPB Ghella will excavate the southern site of the station and the twin metro tunnels before handing over to finish construction of the station. Lendlease will be granted early access to the northern site to undertake demolition and excavation work later this year, before station and building construction starts.
As part of the first value capture agreement on Sydney Metro, the NSW Government will receive AUS$355M (£195M) from Macquarie Group for the air rights above the new metro station and Macquarie will deliver new commercial buildings, pedestrian connections and retail space. The metro station will be owned by the NSW Government.
The Sydney Metro City & Southwest project cost range has been set at AUS$11.5bn (£6.3bn) to AUS$12.5bn (£6.89bn). The final project budget will be confirmed once all major contracts are awarded, following the same process used for the AUS$8.3bn (£4.6bn) Sydney Metro Northwest.