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- Construction technology company PARKD (PKD) receives a $50,00o contract from Suburban Rail Loop Authority (SRLA)
- Under the contract, PARKD will work collaboratively with SRLA’s project team to deliver stage one of the Suburban Rail Loop
- Consisting of a 90-kilometre orbital rail line, the Suburban Rail Loop is the biggest infrastructure investment undertaken in Victoria
- It will connect every major train line to improve access to housing, hospitals and schools as well as ease congestion
- Shares in PARKD are steady on the market and are trading at 3.4 cents at 1:39 pm AEST
Construction technology company PARKD (PKD) has been awarded a $50,000 contract from Suburban Rail Loop Authority (SRLA).
Under the contract, PARKD will work collaboratively with SRLA’s project team to deliver stage one of the Suburban Rail Loop.
Consisting of a 90-kilometre orbital rail line, the Suburban Rail Loop is the biggest infrastructure investment undertaken in Victoria.
Once completed it will connect every major train line from the Frankston line to the Werribee line, via the airport, to improve access to housing, hospital and schools in Melbourne’s middle suburbs.
Three transport hubs will then be created at Clayton, Sunshine and Broadmeadows to connect regional services to the suburban loop.
The overall aim of this loop is to ease congestion and take pressure off the transport network.
Stage one will provide a connection between Melbourne’s southeast between Box Hill and Cheltenham, as well as enhance areas around six new stations.
The SRLA is responsible for overseeing and delivering the rail loop on behalf of the State of Victoria.
Shares in PARKD were steady on the market and trading at 3.4 cents at 1:39 pm AEST.
