Major Contract

Sydney Metro - City and Southwest - Waterloo Station

Under Delivery
Sydney Metro - City and Southwest - Waterloo Station

The Sydney Metro City & Southwest project will see a new 30-kilometre metro line extending from Chatswood, under Sydney Harbour, through new CBD stations and southwest to Bankstown.

The City & Southwest line will see new stations constructed at Crows Nest, Victoria Cross, Pitt Street, Martin Place and Waterloo. The stations will be delivered as integrated station developments (ISD), allowing for over-station developments.

Waterloo Station and Metro Quarter will be bounded by Botany Road, Cope Street, Raglan Street and Wellington Street in Waterloo. Beyond the metro station, the Metro Quarter was expected to comprise approximately:

  • 700 residential units with 20 per cent social and affordable housing
  • 9,000 metres squared of commercial space
  • 4,000 metres squared of ground level retail space, and
  • a new community facility.

Key Dates

Jul 2018 EOIs Open
Aug 2018 EOIs Close
Nov 2018 Shortlisted Bidders Announced
Dec 2019 Contract Award
Aug 2020 Construction Commencement
2024 Expected Operations/Service Commencement
2026 Expected Construction Completion


Procuring Agency: Sydney Metro
Shortlist: John Holland and Aqualand
Successful Tenderer: John Holland and Mirvac


Apr 2018 While initially being a station construction-only contract, Transport for NSW announced that Waterloo Station would also be built through an ISD package. UrbanGrowth NSW's proposed Waterloo Metro Quarter will, therefore, be integrated into the Waterloo Station works.
Jul 2018 The NSW Government called for Expressions of Interest, closing on 31 August.
Nov 2018 The concept State Significant Development application and Environmental Impact Statement were released for public consultation, closing on 30 January 2019.
Nov 2018 The NSW Government shortlisted two bidders for the Integrated Station Development, including John Holland and Aqualand.
Jan 2019 The NSW Government released the preferred masterplan for the Waterloo Redevelopment Precinct, which comprises the Waterloo social housing estate, Waterloo Station and Metro Quarter.
Dec 2019 The NSW Government awarded a John Holland and Mirvac Joint Venture a $299 million contract for the Waterloo ISD. As part of the agreement, the NSW Government will receive $106 million from the joint venture for the air rights to develop the site.
Oct 2020 Construction commenced on the project.
Estimated Total Cost
Procurement approach
Traditional Procurement |
New South Wales |
Project website
Waterloo ISD
Media releases