Green Loan for New Generation Rollingstock
The existing debt facilities were refinanced with a A$630 million Green Loan with Climate Bond Initiative certification. The NGR project meets the Climate Bonds Standard low carbon transportation criteria and will help to avoid greenhouse gas emissions from alternative modes of transport.
The NGR project comprises the provision and maintenance of 75 new electric six-car trains for the South East Queensland suburban passenger rail network for a duration of 30 years and the construction and maintenance of a depot facility.
The investment is consistent with John Laing’s commitment to the decarbonisation of transport. The project is being delivered by Qtectic in partnership with the Department of Transport and Main Roads and operated by Queensland Rail. John Laing is a 40% shareholder in Qtectic, along with co-investors Aberdeen Standard Investment, Itochu and Alstom. Representatives of John Laing hold senior roles in the project management team and on the project company’s Board of Directors, in line with its approach as an active and engaged manager of projects in which it invests.
About John Laing plc
John Laing is a leading international investor across a range of infrastructure sectors. We seek to deliver attractive and sustainable returns over the medium-term. We are a responsible investor, committed to delivering critical and enduring infrastructure which responds to public needs and improves the lives of the communities we serve.
John Laing has operations in seven countries around the world, and invests in the UK & Europe, North America, Latin America and Australia. We invest in greenfield projects and in businesses which develop and own infrastructure assets. We have invested in over 150 projects and businesses to date, across a range of sectors, including transport, social infrastructure, energy transition, accommodation and digital infrastructure.