CPB Contractors has been chosen as the preferred contractor to deliver Stage 2 of the Gold Coast light rail network.
Preliminary works are due to start next month on the project, which GoldLinQ – the network’s operator – hopes to complete in time for the Gold Coast 2018 Commonwealth Games.
CPB Contractors said it will work with GoldlinQ on the detail of the tender proposal before the contract is finalised in April.
The twin-track, 7.3-kilometre extension would connect Stage 1 at the Gold Coast University Hospital to Helensvale station, via stops at Parkwood East and Parkwood.
Estimated to cost $420 million, the Queensland Government said it would invest $270 million into the project. The Australian Government will provide a further $95 million, with the remaining $55 million coming from the City of Gold Coast Council.
Making the announcement, Deputy Premier Jackie Trad said: “Stage Two will complete the missing link between Brisbane and the Gold Coast and will provide an immediate boost to the construction industry supporting up to 1,000 new construction jobs.”
She added: “Light rail has already transformed the Gold Coast, but Stage Two will provide a seamless journey for these passengers to move around the Coast and connect to Brisbane.”