The consortium comprises Transdev Sydney as operator, Alstom which will supply the LRVs, Acciona Infrastructure Australia, and Capella Capital. The public-private partnership contract, which is expected to be signed by the end of the year, will cover design, construction, operation and maintenance. The consortium will also assume responsibility for operating and maintaining the existing Inner West light rail line. The NSW government will set the fares and will fine the consortium if it fails to meet punctuality and cleanliness targets.

The $A 1.6bn ($US 1.4bn) project involves constructing a 12km line from Circular Quay via George Street to Central Station and then through Surry Hills to Moore Park, Kensington, Kingsford, and Randwick. It will serve Sydney cricket ground, Sydney football stadium, Randwick racecourse, the University of NSW, and Prince of Wales Hospital in Randwick.

The consortium proposes to provide 50% more capacity than the 9000 passengers per hour per direction planned by the NSW government. It is hoped the line will open in 2019-20.