Allens closes landmark deal with Sydney Metro PPP

Banking & Finance Construction & major projects Government Infrastructure & Transport Project Finance

Allens has advised the Northwest Rapid Transit (NRT) consortium on the financial close of the $3.7 billion Public Private Partnership (PPP) for the next stage of Australia's biggest public transport project, Sydney Metro.

The complex transaction involved multiple elements, including securing the refinancing and extension of the original PPP contract and raising debt and equity to finance it

'This transaction supports Australia's biggest public transport project and was also Plenary's largest ever refinancing,' said Emma Warren, lead Partner.

The transaction involved 35 different institutions for the senior debt and equity financing, including key global financiers, consortium members including MTR and major infrastructure investors such as Caisse de dépot et placement du Québec, Marubeni, Plenary and Pacific Partnerships.

Emma noted and confirmed Plenary's statement 'that this deal is a great advertisement for the flexibility of PPPs and demonstrates the 'underlying strength' the private sector sees in the Sydney Metro project.'

The project involved a diverse Allens team, including expertise across: Projects, Banking and Finance, Corporate, Tax and Environment & Planning.

Sydney’s Metro North West Line is being extended into central Sydney by 2024, when the city will have 31 metro stations and a 66km standalone metro railway.

Allens legal team


Emma Warren (Lead Partner), David Donnelly, (Partner), Paul Telford (Managing Associate), Ben van Weel (Senior Associate), Krystyna Lopez (Associate), Edward Thien (Associate), Mohamed Khairat (Associate) and Mai Mitsumori-Miller (Lawyer).

Banking & Finance

James Darcy (Partner), Matthew Meyerink (Managing Associate), Teresa Campbell (Senior Associate), Sarah Delaney and Baz Banai (Lawyer).


Geoff Sanders (Partner), Wendy Rae (Partner), Hannah Biggins (Senior Associate) and Ben Toscano (Lawyer).

Environment & Planning

Emily Johnstone (Senior Associate).


Adrian Chek (Partner).



Notes for editors.

Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.