Public Private Partnerships

Well structured and efficiently implemented public private partnerships (PPPs) enable governments to reap the financial and efficiency benefits of partnering with the private sector to deliver public infrastructure and services. They can be the blueprint for the public and private sector working together to deliver better value-for-money services to the community.

Our PPP team has an unrivalled reputation for providing quality strategic, legal and commercial advice to assist in the delivery of major public sector infrastructure and services.

We have been instrumental in the development of the Private Financing model in Australia: We drafted and advised the Victorian government on its Partnerships Victoria policy and guidance documentation, which is the first private financing methodology of this type in Australia. The Commonwealth Private Financing guidelines, NSW 'Working with Government' Guidelines and other State government private financing methodologies explicitly state that they have procedural consistency with Partnerships Victoria. We are also retained by the Victorian Department of Treasury and Finance and NSW Treasury (and indirectly other State and Commonwealth Treasuries) to advise on the development of whole of government Standardised Commercial Principles for risk allocation and contract management in PPPs. This task is being carried out as an initiative of the National PPP Forum.

We have been at the forefront of the development of Australia's PPP sector and are now exporting those skills into Asia. Our on-the-ground lawyers in Hong Kong, Beijing and Shanghai work on infrastructure projects in many Asian jurisdictions, giving us an acute understanding of the local challenges and opportunities.

Having acted for both private sector participants and the government on numerous PPP deals, we have extensive specialised knowledge of the current market risk positions being achieved and risk mitigation strategies being employed in this sector. Our track record acting for buyers, sellers, developers, contractors and financiers means that we understand the various aspects of these transactions, what works and what doesn't, and are able to identify and pre-empt issues before they arise, leading to time and cost efficiencies. Our respected PPP team is engaged on a recurring basis and we have participated in almost all social infrastructure PPP deals across Australia.

Mundaring Water Treatment Plant PPP Project

Advised on syndicated debt project finance commitments for the consortium's shortlisted bid for the Western Australian Government's Mundaring water treatment plant PPP project. This is the first of a number of projects to use the PPP procurement methodology in Western Australia and was the first PPP style project finance transaction completed in WA. It was further complicated by the intricate long-term energy/power requirements of the financing as well as the inclusion of existing pipeline assets of the WA Water Corporation into the project financing.

Department of Defence Single Living Environment Accommodation Precinct - Phase 2

Acting for the syndicate of banks to the RBS/Leighton/Transfield consortium in the revised bid for the design, construction, financing and maintenance of the 17 site Department of Defence Single Living Environment Accommodation Precinct Phase 2 PPP.

Sydney Ferries Market Review Project

Acted for the NSW Department of Transport & Infrastructure in the Sydney Ferries Market Review project. This was a high profile and politically sensitive project to implement the recommendations of the Walker report into the operation of Sydney Ferries.

Melbourne Convention Centre PPP Project

Acted for the winning consortium on the successfully closed Melbourne Convention Centre project, the largest proposed facility of this type in Australia with associated retail and commercial developments and public works. The A$1.2bn project includes a 5,000 seat convention centre, a five star Hilton hotel, office and residential tower, riverfront retail promenade and revitalised Maritime Museum.

South East Queensland Schools PPP Project

Advised Aspire Schools Consortium on its successful bid for the SEQLD schools PPP project to build and maintain seven schools over a number of years. This was the first PPP to utilise the Supported Debt Model where Queensland Treasury Corporation provided term debt which resulted in complex inter-creditor arrangements with construction and term debt providers. The transaction received the Euromoney Project Finance Asia Pacific PPP Deal of the Year.