Transportation & Infrastructure

Sydney Trains has reached an in-principle agreement to settle a class action by operations staff alleging a “systemic pattern” of underpayments and overwork.

Engineering firm CIMIC has sold off half of its transport business, UGL Transport, to a Japanese company for $500 million, as it looks to expand into new markets. 

Energy infrastructure firm APA Group has signed an agreement with CS Energy to jointly develop a 400 megawatt gas power station in southern Queensland.

Global transport investment manager Realterm has acquired two logistics sites in Revesby and Ingleburn worth $89 million, expanding its Sydney portfolio to five assets. 

Real estate asset manager Dexus has won access to advice given by the lawyers of two shareholders of airport operator APAC over an alleged breach of a shareholder deed. 

Baker McKenzie has lured a Herbert Smith Freehills Kramer partner to head the firm's project finance team, specialising in infrastructure and power projects.

Macquarie Asset Management has made an offer to acquire Qube which values the infrastructure giant at $11.6 billion.

Dexus has claimed legal professional privilege prevents fellow owners of airport operator APAC from accessing tens of thousands of documents as they prepare for trial over an alleged breach of a shareholder deed.

Mike Cannon-Brookes' SunCable has signed a 70-year land use agreement with Traditional Owners to develop the country's largest solar farm at Powell Creek Station in the Northern Territory. 

Spanish multinational electrical giant Iberdrola has been selected to design and operate the Victoria to New South Wales Interconnector West transmission project, part of the state's pipeline of new energy infrastructure projects.