Reliance Rail


Reliance Rail raised approximately $2.4 billion in debt and $137 million in equity financing in December 2006 for the design and manufacture of Sydney’s next generation fleet of suburban passenger trains.

Sydney Trains makes payments to Reliance Rail based on the availability of the train sets over the life of the contract.

On 28 November 2017 Reliance Rail refinanced with additional equity from AMP and International Public Partnership and new debt from a consortium of local and offshore banks. The refinancing closed out a number of legacy issues and puts Reliance Rail in a financially sound position.