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Allens acts on one of Australia's first public transport PPPs

10 June 2011

Allens Arthur Robinson (Allens) is advising Plenary Group and its GoldlinQ Consortium partners, Bombardier, Downer EDI, McConnell Dowell and Keolis, on the A$1 billion first stage of the Gold Coast Rapid Transit project, which is one of Australia's first public transport public-private partnerships (PPPs).

The first stage of the light rail project, which is expected to be completed in 2014, involves a 13 kilometre stretch between Broadbeach and the Gold Coast University Hospital.

The GoldlinQ Consortium announced financial close for the first stage of the light rail project on 7 June. The financing will include $365 million of debt and $65 million of equity.

Partner Emma Warren and Senior Associate David Donnelly led the Allens team that advised GoldlinQ on all aspects of its successful bid for the project.

'The Gold Coast Rapid Transit PPP is a significant development for the Gold Coast,' Ms Warren said.

'For a technically, commercially and legally complex project like this to reach financial close in such a short space of time, shows how well the PPP procurement process can be used for the efficient delivery of significant infrastructure projects.

'It was great to work with Plenary Group and its GoldlinQ Consortium partners to make this important project happen.'

PPPs are playing an increasing role in financing Australian infrastructure. Infrastructure Projects Australia has estimated that approximately $400 billion will be spent on Australian infrastructure in the next decade, and that investment in PPPs will constitute between 10 and 15 per cent of that market, generating approximately A$6 billion in value to the Australian public.

Allens legal team Emma Warren (Partner), James Darcy (Partner), Ren Niemann (Partner), Steve Clifford (Partner), Bill McCredie (Partner), David Donnelly (Senior Associate), Sarah Danne (Senior Associate), Nicholas Ng (Senior Associate) and Adrian Chek (Partner)

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Notes for editors.

Allens Arthur Robinson has staff in 14 cities and eight countries across the Asia Pacific.