New Schools Project 2

Project Name:

New schools Project 2

Client Agency:

NSW Department of Education and Training (DET)

Project Description:

The project involves:

design, construction and financing of seven primary schools, two high schools and one special development school, located predominately in new urban growth areas of New South Wales
provision of cleaning, maintenance, repair, security, safety and related services for these schools' buildings, furniture, fittings, equipment and groups in return for performance-based monthly payments by the DET during the operation phase of the project.

For further information on the project, refer to the DET website.

Private Sector Partners:

Axiom Education NSW no 2 Pty Ltd - Project Company - controlled by ABN Amro (replaced by AMP Capital Investors Limited ) and Babcock & Brown (taken over by International Public Partnerships Limited), St Hilliers Pty limited and Hansen Yuncken Pty Limited - Construction Contractors and Spotless Group Limited - Facilities Manager

Project Details:

Contract value: $178 million (Estimated Capital Cost at the time of the contract award)

Contract term: Feb-2006 to Dec-2035

Operation began: All schools were opened on schedule by Feb-2010