Allens has advised the financiers to the Pulse consortium, which has reached financial close with the Queensland Government for the Cross River Rail project.
The Pulse consortium, comprised of CIMIC Group companies, Pacific Partnerships, CPB Contractors, and UGL with international partners DIF, BAM, and Ghella Investments & Partnerships, were confirmed as preferred bidders in April 2019 to deliver the Tunnel, Stations and Development Public-Private Partnership package of the Cross River Rail project. The Queensland State Government is providing a $5.4 billion capital contribution to the project.
Major construction will begin later this year.
'Advising on the financing of Cross River Rail, one of Queensland's largest infrastructure projects in decades, reflects Allens' expertise in high-profile rail public-private partnerships,' said lead partner Scott McCoy.
'South East Queensland is one of Australia’s fastest growing regions, and the delivery of this project will create much needed new capacity, ensuring high-capacity train stations and train lines are in place to meet growing demand,' he said.
Allens advised on all aspects of the financing, and the transaction builds upon Allens' extensive experience advising rail infrastructure public-private partnerships, including Melbourne Metro Project, Gold Coast Light Rail, Canberra's Metro and Sydney's North West Rail Link.
Allens core legal team
Banking & Finance
Scott McCoy (Partner), Jamie Guthrie (Senior Associate), Nick Koutsoukos (Senior Associate), Gabriela Wilson (Senior Associate), Chathurika Ravindra (Law Graduate) and Ally Hammond (Law Graduate).
Projects & Development
Leighton O'Brien (Partner), Paul Grethe (Senior Associate), Magda Kucharska (Senior Associate) and Georgie Leahy (Lawyer).