Qtectic is the trading identity for the NGR Project Company Pty Ltd established in January 2014 to deliver the New Generation Rollingstock (NGR) Project by a consortium of Bombardier Transportation, John Laing, ITOCHU and Aberdeen Asset Management.

The NGR Project is the largest single public transport investment in the history of the Queensland Government, with Qtectic contracted to design, build, finance and maintain 75 new passenger trains, and the design and construction of a new purpose built maintenance facility at Wulkuraka Queensland, all delivered within a Public Private Partnership contract valued at about $4.4 billion.


Chairman: Mr Bill Haughey

Bill Haughey is the Head of Investment and Asset Management in Australia for Aberdeen Infrastructure Funds. Bill’s prime responsibilities involve targeting strategic investment opportunities, developing and fostering client relationships and delivering long-term stable investment returns for investors via two global infrastructure funds. Bill has 19 years’ experience in the infrastructure and project finance marketplace. He has worked on a breadth of infrastructure projects which include health, education, road, rail, housing, custodial and energy-from-waste sectors. He currently sits as a Board member of a number of Australian Infrastructure projects, including Mundaring Water Treatment, the New Generation Rollingstock, the new Royal Adelaide Hospital, New Perth Stadium and Canberra Metro PPP. Prior to Aberdeen Standard Investments, Bill was as a Senior Director in the Project Finance Team at Lloyds Bank (London), having previously been a Lead Director in Infrastructure Finance Team in Bank of Scotland. Prior to this he held various roles within the Halifax Commercial Finance Division. Bill is an FCA approved person.

Director: Mr George Karalis

George is an Asset Director at John Laing, and has been previously been involved in the infrastructure and property sectors in commercial and asset management roles, including working at the owner-operator level (Sydney Airport, Northern Territory Airports), at the contractor level (UGL, RCR) and in origination and asset management roles (JFI Infrastructure, RBS/ABN AMRO).

He holds a Bachelor of Laws degree and a Bachelor of Commerce (in Finance) degree from the University of New South Wales.

Director: Mr Andrew Dudgeon

Andrew Dudgeon is the Managing Director of Bombardier Transportation Australia. Andrew brings to the board a result-oriented and collaborative leadership style, as well as a range of experience working at a senior level with government and key stakeholders across the military, aerospace and rail transportation sectors. Before to joining Bombardier in June 2016, Andrew was a Partner with the leading Executive Search Firm, Heidrick & Struggles and led the global aerospace and defence practice out of the New York City office. Prior to this, Andrew was Chief Executive Officer of VAS Aero Services, coming from Rolls-Royce where he was Regional Director and Chief Executive Officer for Australasia. Preceding to joining Rolls-Royce, Andrew was a senior executive at Qantas Airways. Andrew’s esteemed career both globally and locally in Australia is an asset to the Qtectic Board and the successful delivery of the Queensland New Generation Rollingstock project.

Director: Mr Yasuki Asakuno

Yasuki Asakuno is the General Manager of the Machinery Division within ITOCHU Australia Ltd and the Managing Director of I-Environment Investments Pacific Pty Ltd – ITOCHU Corporation’s Australian Infrastructure arm. Since joining ITOCHU Group in 1993 Yasuki has been in multiple managerial roles for various assignments across Asia, Latin America, Africa, Europe, and the Middle East. Throughout his career, Yasuki has been responsible for project development and asset management within the oil, gas, petrochemical, water, and waste industries. In addition to QTECTIC, Yasuki currently holds a seat on the Board of AquaSure.

Director: Mr Tom Brooks

Tom Brooks is an Asset Director for John Laing based in Sydney. Tom is responsible for John Laing’s investments and asset management services in Australia and New Zealand, and represents John Laing as a Director on several project company boards, including the Auckland South Corrections Facility, New Generation Rollingstock, New Perth Stadium, New Grafton Correctional Centre and Kiata Wind Farm. Previously, Tom was the Head of Valuation and Portfolio Management in London, where he was responsible for the delivery of portfolio management and valuation services for John Laing’s global portfolio of assets. Tom has a finance background with specific experience in M&A and financial modelling based on his previous roles within the corporate finance and banking sectors.

Independent Non-Executive Director: Tom Meinert

Tom Meinert is an Independent Non-Executive Director of the Qtectic Finance Advisory Board with more than 15 years experience in the infrastructure industry. Through his consultancy Acton Advisory he currently provides specialised infrastructure consulting services to public and private sector organisations involved in the procurement, delivery and management of major infrastructure projects.

Tom previously worked for Macquarie Capital where he was responsible for the origination and execution of Public Private Partnership projects in the Australian market. Prior to that Tom was Chief Operating Officer of the Hasting Diversified Utilities Fund where he had primary responsibility for the management of the fund. Tom’s other current and previous board director roles include Westadium Partners Pty Ltd (current), Epic Energy, ElectraNet and South East Water (UK).

CEO: Michael Chadwick

Having spent 17 years in senior roles at Bombardier Transportation Australia, including Chief Financial Officer and Director of Bids, Mick has extensive experience in project governance and financial accountability, and has delivered a number of large and complex projects.



Each equity member of Qtectic is a global leader in their respective fields.

John Laing:

John Laing is an originator, active investor and manager of international infrastructure projects. Our business is focused on major transport, social and environmental infrastructure projects awarded under governmental public-private partnership (PPP) programmes, and renewable energy projects, across a range of international markets including Asia Pacific, UK, Europe and North America. We are one of the world’s most trusted brands in the field of infrastructure thanks to our expertise and credentials, with more than 100 projects in the last 30 years. On 17 February 2015, shares in John Laing were admitted to listing on the London Stock Exchange. laing.com

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ITOCHU is one of the leading general trading companies in Japan and has businesses all over the world.

Some 50 years ago, ITOCHU started its trading business in Australia by buying and exporting wool, followed by trading in primary and natural commodities such as iron ore and coal, grains, wood chips and foodstuffs, as well as materials such as chemical products. While this traditional style of trading will always remain as one of the cornerstones of ITOCHU’s business, this role has expanded over the years to meet the fast changing international environment.

Other functions now include financing, direct and indirect investments, marketing, shipping and warehousing across various industries including transportation, water and environmental services. itochu.co.jp/en/


Aberdeen Standards Investments:

Aberdeen Standards Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments, offering a comprehensive range of investment capabilities as well as the highest levels of service.

As a leading global asset manager dedicated to creating a long-term value for clients, we manage worldwide assets worth £583 billion* on behalf of clients in 80 countries. In managing these assets, we employ over 1,000 investment professionals and provide client support from 50 client relationship offices globally.

Aberdeen Infrastructure Funds is an infrastructure fund manager, which is part of Aberdeen Asset Management. It manages $3.0 billion of commitments, having invested in over 140 private-public partnerships (PPPs) globally over it’s 15 year history.

*Standard Life figures as at 30 June 2017, Aberdeen Asset Management figures as at 31 March 2017, all other data as at 30 June 2017.


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Bombardier Transportation:

Bombardier Transportation is a global leader in rail technology, offers the broadest portfolio in the rail industry and delivers innovative products and services that set new standards in sustainable mobility. With over 100,000 rail vehicles in operation globally, Bombardier possesses a well-proven expertise in the execution of rail Public Private Partnerships (PPPs). Bombardier has a long history of delivering rail solutions all across Australia including Queensland where, with our partners we have delivered the entire Queensland Rail city train fleet and the recent Gold Coast Rapid Transit project.


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