Public Private Partnerships – Recent experience
Recent PPP experience includes:
Gateway Upgrade Project
Advising the Queensland Department of Main Roads on the $1.6 billion
duplication of the Gateway Bridge and upgrade of the Gateway Motorway. The
State's largest ever road project will be delivered in partnership with the
private sector, through a design, construct and maintain contract.
Darwin City Waterfront Redevelopment
Advising a Leighton Contractors-led consortium on its proposed bid for the
A$600 million redevelopment of Darwin's Wharf precinct. The precinct will
transform contaminated industrial land into a major tourist centre adjacent to
the CBD. The project will be run as a PPP.
Mitcham-Frankston Freeway
Acting for the financiers of both bidding consortia, the
Mitcham-Frankston Freeway will be a 40 km link connecting Melbourne's eastern
and south eastern suburbs due for completion in 2008. The project will be
delivered under the State Government's Partnerships Victoria policy.
Victoria Prisons Project
Advising BoS International and Westpac in financing the successful tendering
consortium for the Victorian Prisons Project. BoS International is arranging the
bank debt for the consortium comprised of Bilfinger Berger, Baulderstone
Hornibrook, United KG and NM Rothschild & Sons.
Metropolitan Mobile Radio Project
Advising the TVNZ and SES Systems Pty Ltd consortium on its tender to the
Bureau of Emergency Services Telecommunications to run an Emergency Services
communication facility – the Metropolitan Mobile Radio system – to connect
police, fire, ambulance and emergency services.
Spencer Street Station Redevelopment
Advised the Victorian Government on all legal and commercial aspects of the
project, including risk evaluation, contractual structures and project delivery.
This project was the first rail project developed under the Victorian
Government's PPP guidelines.
Cross City Tunnel
Advised the Cross City Motorway consortium on its successful bid to design,
build, own and operate the proposed Cross City Tunnel in Sydney. The project,
valued at A$1.03 billion, 2km in length and running east-west under the Sydney
CBD, is scheduled for completion in 2005.
Royal Melbourne Showgrounds
Advising The Royal Agricultural Society of Victoria (as the Victorian
Government's joint venture partner) on structuring the Government's A$100
million contribution to this major redevelopment to be delivered under the
Victorian Government's Partnerships Victoria policy.
NSW Schools Project
Acted for the financiers to a consortium bidding to design and construct nine
schools and provide ancillary services (cleaning, security, building
maintenance, grounds maintenance and provision and operation of ICT equipment)
as part of an A$80 million Privately Financed Project (PFP) in
NSW.
Western Sydney Orbital
Acted for the joint lead arrangers on the A$1.5 billion financing. We also
acted for Citibank in providing financing for Leighton Holdings' equity
contribution. The A$2.5 billion project is the largest urban road project in
Australia and the financing was awarded the Project Finance Deal of 2003 by
CFO magazine.
Brisbane River Tunnel Proposals
Advised Brisbane City Council on its proposal to invite the private
sector to undertake, at its own cost, the development of a variety of major
transport projects, including a cross-river tunnel. It is envisaged that the
projects will be commissioned on a BOOT or PPP basis.
Berwick Community Hospital Project
Advised the Public Infrastructure Health Consortium on its unsuccessful bid
to develop a new community hospital in Berwick, Victoria. The hospital project
was the first, health sector PPP project to be progressed in the State.
