See below for NSW projects awarded by sectors including education, health, rail, roads and more.

PPP Education

Education

Client Agency:

NSW Department of Education and Communities (DEC) (Formerly NSW Department of Education and Training DET)

Project Description:

The project involved:

  • design, construction and financing of nine  new  public  schools  in Sydney, Wollongong, Shell Harbour and on the  Central Coast;
  • provision of cleaning, maintenance, repair, security, safety and related services for these schools' buildings, furniture, fittings, equipment and grounds in return for performance-based monthly payments by the  DEC during the operation phase of the project.

Private Sector Partners:

Axiom Education consortium comprising of Royal Bank of Scotland-Asset Manager, Industry Funds Management (IFM) Infrastructure Funds-  Equity Investor, St Hilliers Pty Limited and Hansen Yuncken Pty Limited - Construction Contractors and Spotless Group Limited - Facilities Management Operator.

Project Details:

Contract value: $131.4 million (Estimated net present value at the  time  of the  contract award)

Contract term: Mar-2003 to Dec-2032

Operation began: 5 schools opened 2004 and 4 schools opened 2005 

Related Documents:

Contract Summary
Auditor General's Performance Audit
New Schools Privately Financed Project Post Implementation Review

Client Agency:

NSW Department of Education and Communities (DEC) (Formerly NSW Department of Education and Training DET)

Project Description:

The project involved:

  • 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 grounds in return for performance-based monthly payments by the DEC during the operation phase of the project.

Private Sector Partners:

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

Project Details:

Contract value: $177.5 million (Estimated net present value at the time of the contract award)

Contract term: Feb-2006 to Dec-2035

Operation began: 3 schools opened 2007, 4 schools opened 2008, 3 schools opened 2009 and final school opened first term 2010.

Project Variation:

27 June 2008

An additional school, Kariong High School, was added to the contract, increasing the total number of schools under the project to eleven. The school was opened on schedule in the first term of 2010.

Related Documents:

Contract Summary

Auditor General's Performance Audit

PPP - New Blacktown East Facade

Health

Client Agency:

NSW Health

Project Description:

The project involves:

  • The design, construction and commissioning of the new Orange Hospital and new health facilities including Orange Tertiary Mental Health, Radiotherapy Unit and Oral Health Unit;
  • The refurbishment of a number of buildings at Bloomfield including ward 18, ward 19, the Canobolas Building and the Amaroo Building;
  • The financing of the new Orange Hospital and refurbishment of existing buildings at Bloomfield;
  • The facilities management and delivery of ancillary non-clinical services for these hospital facilities and the new Bathurst Hospital.

Private Sector Partners:

Pinnacle Healthcare consortium, comprising Babcock & Brown (finance and consortium leader), Hansen Yuncken Pty Limited (design and construction) and Spotless Group (facilities management, maintenance and non-core support services).

Project Details:

Contract value: $256 million (Estimated Capital Cost at the time of the contract award).
Contract duration: 21-Dec-2007 to 21-Dec-2035.
New Orange Hospital facilities were completed in March 2011.

Project Variations:

June 2009
As a part of a management buyout deal in June 2009 the Amber Infrastructure Group bought Babcock & Brown’s rights to provide investment advisory and management services to the Project equity provider and the equity was transferred to International Public Partnerships Limited.


June 2010
The Amending Deed of June 2010 provided for a number of variations including amendments to the project program and payment mechanism on capital and service cost. $41 million of the agreed capital cost for the extended works was paid outside of the project financing.

Related Documents:

Contract Summary

Project Deed

Client Agencies:

NSW Health, Health Justice, Department of Corrective Services

Project Description:

The project involves:

  • The financing, design, construction and commissioning of an 85 bed Prison Hospital to replace an existing facility, and a new 135 bed Forensic Hospital, within the Long Bay Correctional Complex in Malabar;
  • The facilities management and delivery of ancillary non-clinical services for these hospitals.

The performance-based monthly payments upon the completion of the hospitals will be made to the private sector over the contract term.

Private Sector Partners:

The PPP Solutions (Long Bay) Partnership, comprising the following: Brookfield Multiplex Group (formerly known as Multiplex Group), Babcock & Brown, Multiplex Constructions, Honeywell, Medirest, the Commonwealth Bank and the Royal Bank of Scotland.

Project Details:

Contract value: $130 million (Estimated Capital Cost at the time of the contract award)
Contract term: 19-Jul-2006 to 3-May-2034
Operation began: Long Bay Prison and Forensic Hospitals were completed in July 2008 and November 2008 respectively.

Project Variations:

March 2011
After series of ownership changes in the project company the International Public Partnerships Limited became a 100% equity owner replacing Brookfield Multiplex Group and Babcock & Brown.

Related Documents:

Contract Summary

Client Agency:

NSW Health, Hunter and New England Area Health Service

Project Description:

The project involves development of a mixed medical / commercial building in the Newcastle CBD to accommodate a new Community Health Centre. Private sector involvement comprises design, construction, financing, and maintenance of the building.

Private Sector Partners:

Austcorp Group Limited and Abigroup Contractors Pty Ltd

Project Details:

Contract term:  Sep-2005 to Mar-2027

Operation began:  March 2007

Related Documents:

Contract Summary

Client Agencies:

NSW Health, Hunter and New England Area Health Service

Project Description:

The project involves a joint delivery of new health facilities on the Newcastle Mater Hospital site:

  • A new 96-bed acute mental health facility on the Mater Hospital site – including 10 extra acute mental health beds - to replace existing facilities at James Fletcher Hospital;
  • The re-development of the Newcastle Mater Hospital;
  • Two extra radiation therapy bunkers and linear accelerators.

Private sector involvement comprises of design, construction, financing, maintenance and provision of selected services over the contract term.

Private Sector Partners:

The Novacare Solutions Partnership, comprising Westpac  Banking Corporation (equity investor and debt financier),  Abigroup Contractors Pty Limited (design and construction), Medirest (Australia) Pty Limited (soft services)  and Honeywell Limited (hard services).

Project Details:

Contract value: $150 million (Estimated Capital Cost at the time of the contract award)
Contract term:  30-Nov-2005 to 30-Nov-2033
Operation began:  The redevelopment was completed in mid 2009.

Related Documents:

Contract Summary

Delivery Agency:

Northern Sydney Local Health District and the Ministry of Health

Project Description:

The Northern Beaches Hospital will see acute services relocated from Mona Vale and Manly Hospitals and will form part of the broader Northern Beaches Health Service (NBHS) Redevelopment. The NBHS Redevelopment will also include:

  • the redevelopment of Mona Vale Hospital as a complementary hospital providing an urgent care centre, sub-acute services, community health and palliative care; 
  • the closure of the ageing Manly Hospital following the opening of the new hospital; and 
  • the strategic redesign of community health services on the Northern Beaches.

In December 2014, the State awarded the contract to the hospital operator, Healthscope, to design, build, finance, operate and maintain the new Northern Beaches Hospital at Frenchs Forest. Healthscope will provide public patient services for 20 years. 

The nine-storey hospital - to be built on a 6.5 hectare site at Frenchs Forest - will contain 488 beds, 1,400 car spaces and a helipad.  

The hospital’s clinical services will include: 

  • a 50-space emergency department - an increase on the total 30 spaces that currently exist in Manly Hospital and Mona Vale Hospital; 
  • 14 operating theatres and six surgical suites; 
  • state-of-the-art intensive care and critical care units; 
  • a modern inpatient mental health facility

At the end of the contract period, the public portion of the hospital can be handed back to the NSW Government at no additional cost. 

Healthscope then has a further 20 years to provide services to private patients before the remaining part of the hospital can also be returned.

For further information refer to: http://www.nbhsredev.health.nsw.gov.au

Procurement Details:

Contract Awarded: December 2014

Hospital to become operational:  2018

Related documents:

NBH Contract Summary - Executive Summary (pdf - 1.4Mb)
GIPA Act 2009 Explanatory Table (pdf - 450.2Kb)
Project Deed  (pdf - 2.4Mb)
NBH Project Deed - Exhibit 1 (pdf - 64.2Kb)
NBH Project Deed - Schedule 1  (pdf - 31.4Kb)
NBH Project Deed - Schedule 2  (pdf - 25.5Kb)
NBH Project Deed - Schedule 3  (pdf - 19.2Kb)
NBH Project Deed - Schedule 4  (pdf - 49.8Kb)
NBH Project Deed - Schedule 5  (pdf - 78.5Kb)
NBH Project Deed - Schedule 6  (pdf - 207.1Kb)
NBH Project Deed - Schedule 7  (pdf - 87.6Kb)
NBH Project Deed - Schedule 8  (pdf - 29.7Kb)
NBH Project Deed - Schedule 9  (pdf - 52.6Kb)
NBH Project Deed - Schedule 10 (pdf - 36.7Kb)
NBH Project Deed - Schedule 11 (pdf - 127.6Kb)
NBH Project Deed - Schedule 12 (pdf - 135Kb)
NBH Project Deed - Schedule 13 (pdf - 23Kb)
NBH Project Deed - Schedule 14 (pdf - 145.5Kb)
NBH Project Deed - Schedule 15 (pdf - 54.2Kb)
NBH Project Deed - Schedule 16 (pdf - 21.8Kb)
NBH Project Deed - Schedule 17 (pdf - 10.3Kb)
NBH Project Deed - Schedule 18 (pdf - 253.9Kb)
NBH Project Deed - Schedule 19 (pdf - 61.5Kb)
NBH Project Deed - Schedule 20 (pdf - 133.6Kb)
NBH Project Deed - Schedule 21 (pdf - 130.5Kb)
NBH Project Deed - Schedule 22 (pdf - 888.2Kb)
NBH Project Deed - Schedule 23 (pdf - 203.6Kb)
NBH Project Deed - Schedule 24 (pdf - 267Kb)
NBH Project Deed - Schedule 25 (pdf - 410.1Kb)
NBH Project Deed - Schedule 26 (pdf - 74.9Kb)
NBH Project Deed - Schedule 27 (pdf - 222.3Kb)
NBH Project Deed - Schedule 28 (pdf - 65.9Kb)
NBH Project Deed - Schedule 29 (pdf - 191.7Kb)
NBH Project Deed - Schedule 30 (pdf - 84.3Kb)
NBH Project Deed - Schedule 31 (pdf - 71.4Kb)
NBH Project Deed - Schedule 32 (pdf - 25.3Kb)
NBH Project Deed - Schedule 33 (pdf - 271.7Kb)
NBH Project Deed - Schedule 34 (pdf - 113.3Kb)
NBH Project Deed - Schedule 35 (pdf - 8.2Kb)
NBH Project Deed - Schedule 36 (pdf - 38.7Kb)
NBH Project Deed - Schedule 37 (pdf - 64.5Kb)
NBH Project Deed - Schedule 38 (pdf - 86Kb)
NBH Project Deed - Schedule 39 (pdf - 45.5Kb)
NBH Project Deed - Schedule 40 (pdf - 76.5Kb)
NBH Project Deed - Schedule 41 (pdf - 42.6Kb)
NBH Project Deed - Schedule 42 (pdf - 9.4Kb)
NBH Project Deed - Schedule 43 (pdf - 20.8Kb)
NBH Project Deed - Schedule 44 (pdf - 8.2Kb)
NBH Project Deed - Schedule 45 (pdf - 666Kb)
NBH Project Deed - Schedule 46 (pdf - 50.9Kb)
NBH Project Deed - Schedule 47 (pdf - 1.8Mb)
 

The Exhibit 3 to the Northern Beaches Hospital PPP Project Deed (contract) contains over 60GB of material. Due to technical files size limitations Exhibit 3 could not be made available on this NSW Treasury PPP webpage. NSW Treasury has determined to make that information available by inspection at its offices. Please contact Rebecca Gill on 02 9228 4422 or at [email protected] to arrange a time to inspect.

Client Agency:

NSW Health

Project Description:

The project involves:

  • The financing, design, construction and commissioning of the new acute health facility, Community Health Facility, multi-storey car park and refurbishment of the Douglas Building;
  • The facilities management and delivery of ancillary non-clinical services in both the new facilities and existing buildings under a Labour Services Agreement with Northern Sydney and Central Coast Area Health Service.
  • The performance based monthly payments will be made to the private sector over the term of the project.
  • The commercial components of the project include the private sector to manage and operate the car park facilities in return for payment of an annual licence fee and a share in revenue generated, and have a lease of the retail premises in return for payment of base and turnover rent.

Private Sector Partners:

Infrashore Partnership, comprising ABN AMRO (finance and consortium leader), Thiess (design and construction), Thiess Services (hard facilities management and maintenance), ISS Health Services (soft facilities management and non-core support services), Wilson Parking (car park services); and Zouki (retail).

Project Details:

Contract value: $700 million (Estimated Capital Cost at the time of the contract award)
Contract duration: 23-Oct-2008 to 22-Oct-2036
Stage 1 - the Community Health Facility - was completed in March 2011.
Stage 2 -Acute hospital facility – was completed in December 2012, Stage 3 - Douglas Building Refurbishment - October 2013, and Stage 4 – New Car Park facilities, Building 2 demolition etc - July 2014.

Project Variations:

October 2007
Royal Bank of Scotland (RBS) bought ABN AMRO, the original sponsor and financier of the project.

February 2015
AMP Capital bought the Project Company, InfraShore, from the Royal Bank of Scotland

Related Documents:

Contract Summary

Project Deed

Client Agency:

Wentworth Area Health Services (WAHS) and Health Administration Corporation (HAC)

Project Description:

The project requires the private sector to design, build and operate a 127 bed hospital and community health facilities at Windsor and will provide services to public patients for 20 years. The private sector receives a service charge for the provision of hospital services to public patients and a percentage of an annual availability charge.

At the end of the contract the health facility will revert to WAHS with options to extend the term for two or five years

Private Sector Partners:

  • Hawkesbury District Health Services Ltd (HDHS, non-for-profit company) owned and controlled by Catholic Health Services (CHCS), Fletcher Constructions Australia Ltd, Fletcher Challenge Ltd and ANZ Banking Group Ltd.

Project Details:

  • Contract value: $46.7 million (Estimated Project Cost at the time of contract award)
  • Contract term: 14-Dec-1994 to 6-Aug-2014
  • Operation began: 7-Aug-1996 
PPP - Rail

Rail

Project Description:

The project involved:

  • a major reconfiguration on Chatswood Station with new platforms, concourses, lifts and escalators to accommodate the new rail connection to Epping;
  • new bus interchange and taxi ranks;
  • two new rail bridges and associated rail works;
  • the structural works for the related retail and residential development;
  • integration of retail areas into the unpaid concourse areas on a long term lease;
  • operation and maintenance of the Chatswood Interchange precinct;
  • options for further development of a large retail complex (circa 10,000m2) and three residential towers accommodating about 500 apartments with underground car parking.

Private Sector Partners:

CRI Chatswood Pty Limited - Project Manager and Developer, Laing O'Rourke (formerly Barclay Mowlem Construction Limited) - Design and Construction Contractor, Commonwealth Bank of Australia - Financial Advisor and Arranger, and Babcock and Brown Real Estate - Mezzanine Financier.

Project Details:

Contract value: $157 million (Estimated Capital Cost at the time of the contract award) including the government contribution of $64 million

Contract term: 22-Sep-2005 to 22-Sep-2055 plus three options for renewal, one for 15 years and two for 5 years each, totalling 75 years

Operation began:

Stage 1 - Infrastructure / railway station and retail development was completed in Dec-2008.

Stage 2 - Residential Development was completed in December 2014. 

Related Documents:

Contract summary

Client Agency:

Rail Corporation NSW (RailCorp)

Project Description:

The project involves:

  • the private sector to design, construct, finance, lease and the operate and maintain four stations (Green Square, Mascot, Domestic and International Terminals at Sydney Airport);
  • the public sector to fund and own the Wolli Creek interchange stations, tunnels, tracks, catenary, signalling and communications systems;
  • the private sector to design and construct the public sector component of the project (tunnels, tracks, etc) and maintain the public sector component.

Passengers paying a Station Usage Fee (SUF) to the private sector to use its four stations in addition to RailCorp’s standard train fare.

Private Sector Partners:

Transfield Holdings Pty Limited, Bouygues SA, Transfield construction Pty Limited and Airport Link Company Pty Limited (ALC) owned by Transfield Holdings Pty Limited and Bouygues SA

Project Details:

Contract value: $673 million (the estimated design and construction cost at the time of the contract award):

  • $542 million – the public sector component (tunnels, trucks etc);
  • $131 million – the private sector component (four stations).

Contract term: 30-Jun-1995 to 20-May-2030

Operation began: 20-May-2000

Project Variations:

13-Oct-2005

Renegotiation of the original Stations Agreement (1995) was taken to settle disputes between Railcorp and the ALC. The Restated Stations Agreement (2005) includes provision of a capped amount payable by RailCorp to ALC, a revised profit sharing mechanism, a relaxation of the RailCorp’s performance standards and revised termination provisions.

1-Mar-2011

Heads of Agreement provided that from 7-Mar-2011 passengers will not pay a SUF at Green Square and Mascot stations (SUF is maintained at Domestic Terminal and International Terminal stations). To compensate ALC for the lost revenue RailCorp pays ALC a Shadow SUF based on an adjusted actual patronage volume and a Shadow SUF Value per passenger.

Related Documents:

Contract Summary

Client Agency:

Transport for NSW (TfNSW)

Private Sector Partners:

Westfield Management Ltd

Project Description:

The project involved a joint venture between TfNSW, formerly Transport Infrastructure Development Corporation (TIDC), and Westfield for the development and construction of the Parramatta Transport Interchange. 

Redevelopment of the transport interchange aimed to upgrade the station for future patronage growth, improve passenger facilities and provide new bus facilities. 

Project Details:

Contract value: $67.5 million (Estimated Capital Cost at the time of the contract award) 

Contract term: March 2004 to 2029

Operation began: February 2006

Delivery Agency:

Transport for NSW (TNSW)

Project Description:

A central element of delivering Sydney’s Light Rail Future is the CSELR. This new light rail line will extend from Circular Quay along George Street to Central Station to Moore Park, then to Kingsford via Anzac Parade and Randwick via Alison Road and High Street.

This route was selected by NSW Government following extensive feasibility investigations and consultation with key stakeholders.  Transport for NSW is now progressing delivery of the CSELR extensions in consultation with councils, business, industry and the community.

The CSELR will be delivered via two major contracts:

  • A limited Early Works package, to be delivered as a Managing Contract; and
  • Main Works package, to be delivered as a PPP

The Early Works include selected upfront activities, adjustments to utilities and other works and was awarded to Laing O'Rourke Construction Australia in June 2014.

The Main Works PPP will cover design, construction, services relocations, operation and maintenance of the 12-kilometre project, as well as the operation and maintenance of the Inner West Light Rail network.

The PPP will be provided through availability payments to the PPP private sector partner on meeting certain performance targets. The Main Works PPP was awarded to the ALTRAC Light Rail consortium.

Since mid-2015, ALTRAC Light Rail also operates and maintains the existing light rail network, which operates from Central to Lilyfield and through the inner west to Dulwich Hill.

Additional information is available on the Sydney Light Rail project website at: www.sydneylightrail.transport.nsw.gov.au

Private Sector Partners: 

ALTRAC Light Rail consortium: Transdev Sydney, Alstom Transport Australia, Acciona Infrastructure Australia and Capella Capital.

Project Details:

Financial close: February 2015

Contract term: December 2014 to March 2034 (approx. 19 years)

Estimated completion: early 2019

Related Documents: 

Contract Summary

Project Name:

North West Rail Link (NWRL) Operations, Trains and Systems (OTS) PPP

Delivery Agency:

Transport for NSW (TfNSW)

Project Description:

The project will connect Cudgegong Road, Rouse Hill and Chatswood and includes 8 new stations, approximately 15.5 kilometres of twin bore tunnels from Epping to Bella Vista, a 4-kilometre elevated ‘skytrain’ (viaduct) between Bella Vista and Rouse Hill, and conversion of the Epping to Chatswood Rail Link to deliver high frequency rapid transit services. The total length of the project is 36 km.  Parking for 4,000 cars will be provided across five railway station sites.

The NWRL will be delivered via three major contracts:

  • Tunnels and Station Civil Works package, to be delivered as a D&C;
  • Surface and Viaduct Civil Works package, to be delivered as a D&C; and
  • Operations, Trains and Systems (OTS) package, to be delivered as a PPP.

The TSC package has been contracted to the Thiess, John Holland and Dragados joint venture, with construction to begin next year. The SVC contract has been awarded to the Impregilo Salini Joint Venture. 

The OTS package involves the design, construction and commissioning of rail infrastructure (including depot and stabling), procurement of rolling stock, operation and maintenance, and financing of the 23km of new rail network from Cudgegong Road to Epping, as well as the upgrade of the 13km of existing rail network from Epping to Chatswood. 

OTS will be an availability PPP where the State will retain demand risk. A substantial State contribution will also be made during construction.

Additional information is available on the North West Rail Link project website at www.northwestrail.com.au

Private Sector Partners:

Northwest Rapid Transit: MTR Corporation (Australia), John Holland, Leighton Contractors, UGL Rail Services and Plenary Group.

Project Details:

Financial Close: 18 September 2014 

Contract value: $3.7 billion (net present cost) 

Contract term: September 2014 - April 2034 (approx. 20 years)

Estimated Completion: first half of 2019  

Related Documents:

Project Agreements

Contract Summary

Client Agency:

Transport for NSW (TfNSW)

Project Description:

The project involves:

  • Private sector financing, designing, manufacturing and commissioning of:

- 626 new double-deck carriages, providing 78 new trains and two spare carriages for Sydney Trains services in metropolitan Sydney;

- a new maintenance facility for these trains at Auburn; and 

- new train simulators for the training of Sydney Trains drivers and guards.

  • An obligation on the private sector parties to make at least 72 of the new trains (and more for special events) available for Sydney Trains services every day over a period of about 30 years, with up to two possible 5 year extensions of the operational period for some or all of the trains;
  • Private sector maintenance, cleaning, repair and refurbishment of the new trains, maintenance facility and train simulators, to TfNSW-specified standards, throughout their operational periods;
  • Private sector decommissioning of the trains, and/or handing over of some or all of the trains to TfNSW, at the end of their operational periods, and handing over of the train maintenance facilities to TfNSW at the end of the operational period

The private sector receives from TfNSW specified milestone payments during the delivery phase of the project and performance-based monthly payments throughout the rest of the project.

Private Sector Partners:

The Reliance Rail consortium comprises equity partners Downer EDI, AMP Capital Investors, ABN ABRO (later taken over by Royal Bank of Scotland Group) and Babcock and Brown Partnerships (later taken over by International Public Partnerships).

Project Details:

Contract value: $3.6 billion (Estimated cost of building the new trains, the maintenance facility and the simulators at the time of the contract award)

Contract term: 7-Dec-2006 to 11-Feb-2044 which is 30 years after the scheduled delivery date of the 69th train

Operation began: The Auburn Maintenance Centre was completed on 18 June 2010 and the Crew Training Simulators were completed on 31 August 2010. The first Waratah train entered passenger service on 1 July 2011.

Related Documents:

Contract Summary

Project information and the schedule of agreements is available on the TfNSW website.

PPP - Roads M4 East

Roads

Client Agency:

Roads and Maritime Service (RMS)

Project Description:

The project involves:

  • The financing, design, construction, operation and maintenance of two east–west tollroad tunnels under the Sydney CBD and Darlinghurst/Woolloomooloo, between Darling Harbour and Rushcutters Bay, and associated tunnelled links to Sir John Young Crescent, the Cahill Expressway and the Eastern Distributor, and
  • The financing, design and construction of associated improvements to surface roads, including new bus and bicycle lanes, intersection improvements, ‘traffic calming’ measures, wider footpaths and other improvements to pedestrian facilities, to take advantage of the opportunities afforded by reduced traffic congestion.

The project has been funded, designed and built by the private sector.

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

Private Sector Partners:

Transurban (acquired in June 2014)

Project Details:

Contract value: $680 million (Estimated Capital Cost at the time of the contract award)

Contract duration: 19-Dec-2002 to 18-Dec-2035

Operation began: 28-Aug-2005 (two months ahead of schedule)

Project Variations:

Jan-2005

The amendments took effect according to which the principal CrossCity Motorway consortium parties undertook to fund up to $35 million of changes to the project’s works directed by RTA, in return for specified increases in the maximum permissible tolls on tunnel users.

Sep-2007

Contract amendments reflected the transition to a new consortium formed by ABN AMRO and Leighton Contractors. This included an associated refinancing of the project, change in the project’s operation and maintenance contractor, as well as minor amendments to other agreements.

Alternative professional indemnity insurance arrangements were also established at this time.

Related Documents:

Contract Summary

Cross City Tunnel Post Implementation Review

Auditor General's Report

Client Agency:

Roads and Maritime Service (RMS)

Project Description:

The project involves financing, designing, construction, operation and maintenance of the Eastern Distributor motorway which provides a six kilometre motorway link between the City and Sydney’s Kingsford Smith Airport and Port Botany.  

For further information please visit the RMS website.

Private Sector Partners: 

Private sector parties comprise of Airport Motorway Limited (AML), Leighton Contractors Pty Limited and National Australian Bank Limited (NAB).

Project Details:

Contract value: $680 million (Estimated financing, development, design, construction, fitout and commissioning cost at the time of the contract award)

Contract term: 18-Aug-1997 to 18-Dec-2048

Operation began: Dec-1999

Related Documents:

Contract summary

Client Agency:

Roads and Maritime Service (RMS)

Project Description:

The project involves:

  • The financing, design, construction, operation and maintenance of a 3.6 km long motorway in twin tunnels between the Epping Road bridge crossing of the Lane Cove River in Lane Cove West and the Gore Hill Freeway in Artarmon
  • The financing, design, construction, operation and maintenance of two tolled north-facing ramps connecting the Warringah Freeway in North Sydney with Falcon Street and Military Road, and

The financing, design and construction of associated improvements to existing surface roads and intersections, including: widening of the Gore Hill Freeway to six lanes, including a transit lane in each direction, and major modifications to Epping Road and Longueville Road between Wicks Road in North Ryde and the Gore Hill Freeway in Artarmon, to improve facilities for cyclists, pedestrians and public transport.

The project has been funded, designed and built by the private sector.

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

Private Sector Partners:

Transurban (acquired in August 2010)

Project Details:

Contract value: $1.1 billion (Estimated Capital Cost at the time of the contract award)

Contract duration: 9-Dec-2003 to 9-Jan-2037 (since extended to 30-Jun-2048)

Operation began: 25-Mar-2007 

Project Variations:

Mar-2004

The additional costs of the new and revised north-facing and south-facing Falcon Street ramps, of just under $11.5 million, were met by the RTA. The RTA has also provided a net amount of $30 million for a series of other changes to the project.

Jan-2015

As part of the funding model for the NorthConnex project, amendments to the existing concession were made including an increase to the heavy vehicle toll multiplier and an extension to the concession end date.

Related Documents:

Contract Summary

Lane Cove Tunnel Post Implementation Review

Client Agency:

Roads and Maritime Service (RMS)

Project Description:

The M2 motorway, originally known as the ‘North West Transport Link’, is a 21 km road link, generally of four lanes, between Epping Road and the Lane Cove Tunnel in North Ryde and Old Windsor Road and the Westlink M7 motorway in Baulkham Hills. There is a two-lane busway between the motorway’s general traffic lanes along an 8 km section between Beecroft Road in Epping and Windsor Road in Baulkham Hills.

The project has been funded, designed and built by the private sector. The RTA contributed $232.6 million to the cost mainly to acquire land for the M2 motorway.

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

Private Sector Partners:

The Hills Motorway consortium (Abigroup, Obayashi Corporation, Scetauroute, Westpac, Macquarie Corporate Finance, Banque Paribas, Long Term Credit Bank of Japan and Gutteridge Haskins & Davey).

Project Details:

Contract value: $644 million (Estimated Capital Cost at the time of the contract award)

Contract duration: 26-Aug-1994 to 26-May-2042, which was extended under the M2 Upgrade arrangements to 26-May-2046 (since extended further to 30-Jun-2048 as part of M2 Integration Works)

Operation began: 26-May-1997

Project Variations:

  • 1994-2010

Series of amending and/or additional contractual arrangements such as refinancing of the project’s debts, advertising on the motorway, the effect on tolls of the introduction of the GST, electronic tolling, the change in ownership of the trust established by the Hills Motorway Group, the acquisition of some Hills Motorway entities by Transurban, the conversion of westbound portion of the motorway between Lane Cove Road and Beecroft Road from two to three road lanes.

  • 2010-2013

The Upgrade Project Deed took effect on 18-Nov-2010 according to which Hills Motorway designs, constructs, completes and commissions specified M2 upgrade works in four stages. The upgrade was completed in August 2013. The private sector funded the works of the estimated capital cost of $546 million and received a future extension of the maximum concession term by four years upon the works completion.

  • 2015

The need for integration work on the M2 was identified to enable the safe merge of traffic from the proposed NorthConnex tunnel onto the M2 and to optimise motorway performance. Works include construction of an additional westbound lane on the M2 from Pennant Hills Road to Windsor Road. This would also involve lane widening at Yale Close, Barclay Road and Darling Mills Creek bridges. 

The M2 integration work started in August 2015 and is expected be completed late 2017. 

Information on the integration is available on the NorthConnex website.

Related Documents:

Contract summary

Client Agency:

Roads and Maritime Service (RMS)

Project Description:

The original project involved financing, construction, operation and maintenance of a 14.5km motorway between Beverley Hills and Casula, in the south-west of Sydney.  Due to variations outlined below, this project has since been extended to cover 21km of motorway between Beverley Hills and Prestons.  The original arrangement comprised:

  • RMS providing  loans to the private  sector of $35 million, including  $22 million in land and $13 million in cash, repayable after the private sector's bank debt has been fully repaid;
  • a concession period of 22 years post-completion after which the road would revert to public ownership (since extended to 34 years);

a toll of $1.10 for cars and $3.30 for trucks (December 1989 dollars), escalated at the greater of CPI or 9% per annum  (the right to increase tolls at 9% per annum was removed in 1993 under the MS Western Extension arrangement).

Private Sector Partners:

Interlink Roads Pty Limited (Interlink)

Project Details:

Contract value:

Original project: $315 million (1991)

Western Extension:  $65 million (1993)

Moorebank Avenue Interchange: $32 million (2002)

Widening:  $400 million (2012)

Contract term:

22-Feb-1991 to 2014 (since extended to December 2026).

Operation began:

The road was opened to traffic in Oct-1992. The MS western extension and Moorebank Avenue Interchange were opened to traffic in 1995 and February  2003 respectively.

Project Variations:

29-Jun-1993 MS Western Extension

The RMS and Interlink negotiated to extend the MS to the west from Moorebank to Prestons. The western extension with the estimated capital costs of $65 million involved:

  • RMS making an additional $50 million  loan to Interlink, with the balance of the cost being financed by the CBA;
  • extension  of the concession period by 8 years to 2022;
  • renegotiation of tolling arrangements, requiring  Interlink to peg tolls for 3 years and then escalate at CPI(foregoing  the right  to increase tolls at 9% per annum, as provided  in the original  deed)

30-Jun-1997 Sale of RMS Loans

The loans previously advanced by RMS to Interlink (totalling $85 million) to construct the MS South West and the MS Western Extension were sold to CBA for $110 million. The proceeds were used to partially fund the construction of the MS East extension.

15-May-2002 Moorebank Avenue Interchange

Interlink proposed to finance and construct the grade separated interchange at the intersection of the MS and Moorebank Avenue with the estimated capital cost of $32 million, to be funded by the increased traffic projected as a result of the improved traffic flow, with the balance of the cost being funded by an increase in the MS concession term until August 2023.

19-Jun-2012 MS South West Motorway Widening

The RMS and Interlink Roads reached final agreement to widen the MS South West Motorway to three lanes in each direction, between Beverley Hills and Prestons. The $400 million project was funded through:

  • A 3.3-year concession extension, to December 2026;
  • An increase in truck tolls to 3 times car tolls, to be implemented following construction completion;

The NSW Government is contributing around $50 million towards the project cost, being for noise walls, drainage and other works arising out of the final Planning Approval conditions.

Related Documents:

Contract summary

Delivery Agency:

Roads and Maritime Services (RMS)

Project Description:

In March 2012, the NSW Government received an Unsolicited Proposal from Transurban and Westlink M7 shareholders to design, build, operate, maintain and finance a tolled motorway tunnel linking the M1 Pacific Motorway (formerly the F3 Freeway) at Wahroonga to the Hills M2 Motorway at West Pennant Hills. A Stage 3 detailed proposal was received on 27 November 2014.

Contractual and financial close on the Project was reached on 31 January 2015. The Project was developed under the NSW Government Unsolicited Proposals Guide: Submission and Assessment, February 2014.

The Lend Lease Bouygues joint venture will Design and Construct NorthConnex. 

The project involves:

  • Twin 9km motorway tunnels
  • Built with long term capacity for three lanes but will initially operate with two lanes
  • Increased height clearance of 5.3m
  • A northern interchange connecting with the M1 Motorway, the Pacific Highway and Pennant Hills Road
  • A southern interchange connecting with the Hills M2 Motorway and Pennant Hills Road

The majority of the Project’s cost will be financed by Transurban and the Westlink M7 shareholders. The Australian and NSW Governments are contributing up to $405 million each.

Further information can be found on the NorthConnex website.

Private Sector Partners:

Private sector parties comprise: Transurban. Queensland Investment Corporation, Canadian Pension Plan, and Lend Lease Bouygues.

Procurement Details:

Contract value: $2.9 billion

Contract award: 31 January 2015

Begins operation: Expected late 2019 

Related Documents:

Contract Summary

Client Agency:

Roads and Maritime Service (RMS) - formerly RTA

Project Description:

The project involved design, construction, finance and operation of a 2.3 kilometre, four lane underwater tunnel running below Sydney Harbour. It provides an alternative cross-harbour route, dramatically easing traffic congestion on the Harbour Bridge during peak travel times.

After the end of the concession the tunnel ownership will pass to RMS.

Further information can be found at the RMS website.

Private Sector Partners:

The Transfield-Kumagai Joint Venture and Westpac.

Project Details:

Contract value: $670 million (Estimated Amount Payable at the time of the contract award)

Contract term: Jun-1987 to Jun-2023

Operation began:  30-Aug-1992

Client Agency:

Roads and Maritime Service (RMS) formerly RTA

Project Description:

The project involves:

  • The financing, design, construction, operation and maintenance of a 40 km long, four-lane, dual carriageway motor- way between the F5 freeway and the M5 motorway in Prestons and the M2 motorway in West Baulkham Hills, as part of the Sydney Orbital freeway and motorway circuit, and
  • The financing, design and construction of associated improvements to surface roads and intersections.

The project has been funded, designed and built by the private sector, with around $360 million of funding support provided by the Commonwealth Government.

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

Private Sector Partners:

WestLink Motorway consortium, comprising the following:

  • Transurban,
  • Queensland Investment Corporation, and
  • Canada Pension Plan Investment Board.

Project Details:

Contract value: $1.54 billion (Estimated Capital Cost at the time of the contract award)

Contract duration: 14-Feb-2003 to 14-Feb-2037 (since extended to 30-Jun-2048)

Operation began: Dec-2005 (eight months ahead of schedule)

Project Variations:

Jan 2015: As part of the funding model for the NorthConnex project, amendments to the existing concession were made including an increase to the heavy vehicle toll multiplier and an extension to the concession end date.

Related Documents:

Contract Summary

M7 Motorway Post Implementation Review

PPP - Other

Other

Project Name: 

New Grafton Correctional Centre (NGCC) 

Delivery Agency:

Infrastructure NSW in conjunction with Department of Justice

Project Description:

The NGCC project comprises the design, delivery, operations, maintenance and financing of a 1,700 bed facility, which will be the major multifunctional, regional correctional facility servicing the northern part of NSW. 

Operational Commencement of the NGCC is expected to be 30 June 2020.

Additional information is available on the INSW website at: http://www.infrastructure.nsw.gov.au/projects-nsw/ngcc.aspx  

Private Sector Partners:

NorthernPathways Pty Ltd:  Serco, John Laing, John Holland and Macquarie Capital.

Additional information is available on the NorthernPathways website: http://northernpathways.com.au/ 

Project Details:

Financial Close: 20 June 2017

Contract term: 

Delivery Phase: 3 years from July 2017 to June 2020

Operations Phase: 20 years from July 2020 to June 2040

Related documents:

Project Summary - New Grafton Correctional Centre  

Client Agency:

Sydney Water Corporation (SWC)

Project Description:

The project involves a finance lease arrangement, where the Sewage transfer tunnel is owned and financed by the private sector, but is controlled by the State. The project comprises the provision of an 18 kilometre tunnel for the improvement of the water quality in the Blue Mountains 

Private Sector Partners:

Blue Mountains Sewage Tunnel Pty Ltd consortium comprising of the following:

  • Sakura Finance Australia Ltd (Agent)
  • McConnell Dowell Corporation Limited
  • Superannuation Funds Management Corporation of South Australia (SFMCSA)
  • Obayashi Corporation

Project Details:

Contract value: $80 million (Estimated Capital Cost at the time of the contract award) 
Contract term: 1993 to 2028 (35 year concession)
Operation began: June 1996

Client Agency:

Delta Electricity (State-owned Corporation)

Project Description:

The project involves a Build, Own, Operation and Maintenance (BOOM) arrangement between the private sector and NSW government of a gas pipeline storage facility. The facility services the Colongra gas turbines and storage pipeline to deliver gas to Delta Electricity’s gas turbine facility near the Central Coast NSW. 

Private Sector Partners:

Jemena Colongra Pty Ltd (Jemena Colongra) consortium consisting of:  

- Jemena Gas Networks (NSW) Limited, Jemena Asset Management Pty Ltd and Jemena Ltd;

- Doyalson-Wyee RSL Club Limited;

- GHD Australia Pty Ltd;

- Sumitomo Australia Pty Ltd;

- Enerflex Systems Pty Ltd.

Project Details:

Contract value: $76.6 million (Total estimated present value at the time of contract award)

Contract term: December 2007-December 2027

Operation began: November 2009

Project Name:

The Sydney International Convention, Exhibition and Entertainment Precinct (SICEEP)

Delivery Agency:

Infrastructure NSW in conjunction with Sydney Harbour Foreshore Authority (SHFA)

Project Description:

The vision for the Project is to provide world class facilities across the 12-hectare precinct at Darling Harbour stretching from Cockle Bay to Haymarket and Ultimo that can successfully host the widest range of local, national and international events.
The private sector is asked to provide innovative solutions across the following areas:

  • Operations across the Precinct following Financial Close, including event marketing, venue management, food and beverage services, customer service, security, car parking and other ‘soft’ facilities management services;
  • Design, construction and financing of the expanded and enhanced international convention, exhibition and entertainment complex, including the refurbishment of existing facilities and the development of new facilities (Extended Facilities);
  • Recurrent and lifecycle maintenance of the Expanded Facilities over the term of the PPP; and
  • Facilitation of appropriate commercial development within the Precinct, including a new hotel, car parking and food and beverage outlets.

For further information on the project, refer to the project's website

Private Sector Partners:

Darling Harbour Live, previously known as Destination Sydney (HOSTPLUS, AEG Ogden, Spotless, Lend Lease & Capella Capital).

Project Details:

Financial close: 5 December 2013

Contract value: $1.1bn (Estimated Capital Cost at the time of the contract award)

Contract term: 19-Dec-2016 to 19-Dec-2041 (25 years)

Estimated completion: Due in December 2016

Related Documents:

Contract description

Client Agency:

Waste Recycling and Processing Corporation (which on 21-Mar-2005 changed its trading name from Waste Service NSW into WSN Environmental Solutions)

Project Description:

The project involves financing, design, construction and operation of an alternative waste treatment (AWT) facility on the Eastern Creek land-fill site by the private sector.

The facility sorts mixed waste to recover recyclables and separates out the organic component to produce compost, reducing the amount of waste going to landfill. Waste Service NSW guarantees minimum supply of putrescibles waste at an agreed quality and pays the private sector to process the waste at a contracted price.

Private Sector Partners:

Global Renewables Eastern Creek Pty Limited (GREC)

Project Details:

Contract value: $70 million (Estimated Capital Cost at the time of the contract award)

Contract term: 7-Aug-2003 to Sep-2029 (in Jan-2011 the State's obligations under the agreement were transferred to SITA Environmental Solutions (SITA) as a part of the sale of WSN Environmental Solutions)

Operation began: Sep-2004 

Related Documents:

Contract summary

Client Agency:

Sydney Olympic Park Authority (which took over from Olympic Coordination Authority (OCA) on 17-Jul-2001)

Project Description:

The project involved the private sector:

  • Planning, designing, financing and constructing the Olympic village to provide accommodation for 15,300 competitors and team officials during the Olympic Games and accommodation for 7,500 competitors and officials during the Paralympic Games;
  • Fitting out the village before the Olympics;
  • Carrying out the reinstatement work on the Olympic village after the Paralympics;
  • Marketing and selling the reconfigured Olympic village properties, sharing the net proceeds between the private consortium and Government in accordance with the agreement; and
  • Planning, designing, financing, constructing, marketing and selling non-Olympic developments in the village.

Private Sector Partners:

Mirvac Lend Lease Village Consortium comprises of Mirvac Limited, Lend Lease Corporation Limited, Civil & Civic Pty Limited, Australia and New Zealand (ANZ) Banking Group Limited and Westpac Banking Corporation.

Project Details:

Contract value:    $590 million (Estimated Total Cost at the time of the contract award)
Contract signed:  17-Apr-1997

Related Documents:

Contract summary

Client Agency:

Sydney Olympic Park Authority
(which took over from Olympic Coordination Authority (OCA) on 17-Jul-2001)

Project Description:

The role of the private sector is to:

  • Finance, plan, design, construct, and commission the SuperDome
  • Plan, design, construct and commission the adjacent Avenue 2B Carpark and public domain areas;
  • Make the arena available for the Olympic Games, the Paralympic Games and other events and
  • Operate, maintain and repair the SuperDome and carpark until 2031.

Private Sector Partners

Millennium consortium comprises Abigroup Limited, Millennium Agent Pty Limited, Millennium Contractors Pty Limited, AIDC Australia Limited, Obayashi Corporation, LMI Sydney Pty Limited. 

Project Details:

Contract Value: $197.2 million
(the Estimated Cost of design, construction, fitout, commissioning and financing cost of the Multi-Use Arena at the time of the contract award, of which the State contributed $141.5 million);

The State also paid $62.0 million for the adjacent Avenue B Carpark and $19.3 million for the adjacent public domain landscaping and related works.

Contract term:  31-Jul-1997 to 31-Jan-2031

Operation began: 30-Aug-1999

Related Documents:

Contract summary

Client Agency:

Sydney Water Corporation

Project Description:

The project requires the private sector to construct, own and operate a Water Filtration Plant at both Illawarra and Woronora and maintain associated works for the purpose of supplying water to those regions.

Private Sector Partners:

Wyuna Water Pty Ltd

Project Details:

Contract value: $174 million (Estimated Total Cost at the time of the contract award)

Contract term: 12 December 1994 to 1 December 2019

Operation began: Illawarra and Woronora Water Treatment Plant began operations in Dec 1996 and April 1997 respectively.

Client Agency:

Sydney Water Corporation

Project Description:

The project requires the private sector to finance, design and construct, own, operate and maintain the water treatment plant in the Camden, Campbelltown and Wollondilly areas.

Private Sector Partners:

  • Macarthur Water Pty Ltd consortium (formerly NWT Water Pty Ltd) comprising of Transfield Holdings Pty Ltd, North West Water International Limited and North West Water Group PLC. 

Project Details:

Contract value: $123.1 million (Estimated Capital Cost at the time of the contract award) 

Contract term: September 1993 to September 2030

Operation began: September 1995

Project Variations:

10 Oct 2010 

  • Sydney Water and Macarthur Water reached agreement on extending the Macarthur Water Filtration Agreement. The key aspects of the renegotiated contract include:

a) extension of the concession term for 10 years from 2020 to 2030; and

b) removal of the obligation for Sydney Water to purchase the plant at replacement cost in 2020; and

c) increased availability payment up until the end of term in 2030.

Client Agency:

Sydney Water Corporation

Project Description:

The project requires the private sector to finance, design, build, own and operate the Prospect Water Filtration Plant (WFP) and the Prospect Supernatant Filtration Plant (PSFP) at Prospect Reservoir.

Private Sector Partners:

Prospect Partnership comprising of Lyonnaise (Prospect) Pty Ltd, Lend Lease Water Services Pty Ltd and P&O (Prospect) Pty Ltd

Project Details:

Contract value: $200 million (Estimated Total Cost at the time of the contract award)

Contract term: 10 September 1993 to 1 December 2026

Operation began: June 1996 (WFP) and January 2002 (PSFP)

Project Details:

31 January 2001

Upgrade to the Water Filtration Plant (WFP) was commissioned which involved the construction of the Prospect Supernatant Filtration Plant (PSFP). To provide the PSFP, Sydney Water entered into a Supernatant Filtration Plant-Delivery Agreement and a Restated and Amended Water Filtration Agreement with the Partnership. The $20 million PSFP project was completed and successfully commissioned on 11th January 2002. The PAFA guarantee was extended to cover the PSFP and reissued on 31 January 2001 for a 25 year concession period.

Related Documents:

Media update May 2016 - contract extension

Client Agency:

Sydney Water Corporation

Project Description:

The Project involves:

  • a connection to source secondary effluent from the Liverpool to Ashfield pipeline;
  • construction of a pilot plant;
  • construction of a recycled water treatment plant and associated assets;
  • construction of a 20 kilometre recycled water distribution network, associated reservoirs and pumping stations.

The seven Foundation Customers include Shell Refining (Australia) Pty Ltd, LyondellBasell Australia Pty Ltd, James Hardie (Australia) Pty Ltd, Boral Australian Gypsum Pty Ltd and Sydney Turf Club at Camellia, and Visy Paper Pty Ltd and Marubeni Australia Power Services Pty Ltd in Smithfield. The average demand for recycled water by the customers is 11.7 megalitres per day with expected peak day demand of 21 megalitres.

The Project Agreement provides for payment to be made on a monthly basis, linked to the recycled water produced, the recycled water consumed by the Foundation Customers as well as the potable water top up and back up volumes. Sydney Water has agreed to take or pay for an agreed 'base volume' of recycled water. The charge payable by Sydney Water is indexed by reference to increases in CPI.

For further information on the project, refer to the Sydney Water Corporation website. 

Private Sector Partners:

AquaNet Sydney Pty Ltd, Veolia Water Australia Pty Ltd and SPI Rosehill Network Pty Ltd

Project Details:

Contract value: $130 million (Estimated Capital Cost at the time of the contract award)

Contract term: Jun-2009 to Oct-2031

Operation began: Oct-2011

Related Documents:

Contract Summary

Client Agency:

Roads and Maritime Services (RMS)

Project Description:

  • The M7 base rent payable by Westlink M7 to Roads and Maritime Services (RMS) was monetised for a price of $174.2 million.
  • The monetisation involved a highly competitive sale process that attracted strong interest from both domestic and offshore parties.
  • Monetising the rental payments enables the Government to transfer some traffic risk to the investor and to raise funds for new infrastructure without increasing State debt.
  • All proceeds have been applied to the NSW Government’s contribution to the NorthConnex project.
  • There will be no changes to the underlying M7 contracts, to the operator’s obligations to operate and maintain the motorway, nor to the tolling regime as a result of the monetisation. The M7 Motorway and the M7 Motorway land will still be handed back to the Government in 2048.

Private Sector Partners:

Rothesay Life

Project Details:

Transaction date: 29 October 2015 Transaction proceeds: $174.2 million

Client Agency:

Housing NSW (formerly NSW Department of Housing)

Project Description:

The project involves:

The Bonnyrigg Living Communities Project will revitalise an 81-hectare housing estate within the western Sydney suburb of Bonnyrigg (generally bounded by Cabramatta Road, Bonnyrigg Avenue, Edensor Road and Elizabeth Drive) and includes:

  • Design and construction of new infrastructure.
  • Design and construction of new social housing dwellings and private owned dwellings.
  • Rehabilitation of existing infrastructure.
  • Refurbishment of existing social housing dwellings.
  • More than 2433 dwellings - cottages, townhouses and units located within the estate

Private sector involvement included the responsibility for financing, planning, developing, designing, construction, refurbishment and maintenance of the public housing, as well as providing tenancy management services over a 30 year period.

In April 2013 property developer, Becton Property Group was announced to have gone into receivership. In early 2015, the PPP was ended.

Under a new arrangement, Urban Growth NSW continues the construction and delivery of stages 4 – 5 of the project and St George Community Housing (SGCH) continues to deliver tenancy management services.

Further information about the Bonnyrigg Living Communities project can be found on the Newleaf Communities website.

Private Sector Partners:

Newleaf Communities (formerly Bonnyrigg Partnerships) comprising Becton Property Group Limited (de-listed in August 2013), Westpac Banking Corporation Limited, Spotless Property and Facilities Pty Ltd, and St George Community Housing Co-op Ltd (SGCH).

Project Details:

Contract value: $367.9 million (Present Value at time of contract award)

Contract term:  20-Apr-2007 to 28-Feb-2037

Operation began:  Stage 1 of the Project was completed in June 2010. Seventeen more stages are expected to be completed by 2020

Closure of PPP: 2015

Related Documents:

Contract Summary

Client Agency:

Sydney Olympic Park Authority (SOPA)

Project Description:

The project involved the private sector:

  • Financing, planning, designing, constructing and commissioning of the stadium in its Olympic configuration, seating 110,000 people
  • Reconfiguring the Stadium after the Paralympics to seat at least 72,000 for AFL matches and 76,000 for Rugby League, Rugby Union and soccer games.
  • Operating and maintaining the stadium until end of concession period.

Private Sector Partners:

Stadium Australia Group (SAG) which is owned by the Diversified Infrastructure Trust (DIT), in turn owned by ANZ bank (36.9%) and a range of superannuation funds (63.1%).

Project Details:

Contract value: $615.2million (Estimated Capital Cost at the time of the contract award)

Contract term: November 1996- 31 January 2031

Operation began: 1 March 1999

Project Variations:

20 Dec 1999

As part of the AFL and stadium “works facility” reconfiguration agreement the SOPA Loan Agreement was amended and restated to provide subordinated loans to fund the design and construction of the AFL Trustee Works (the SOPA AFL Facility) and reconfiguration of the Stadium seating from 110,00 people to at least 72,000 people.

1 July 2016

The NSW Government signed an agreement to acquire 100% of the outstanding shares in Stadium Australia Holdings Pty Limited. This business now retains the lease over ANZ Stadium until 31 January 2031.

ANZ Stadium is now owned by NSW Government via SOPA.

Related Documents:

Contract summary