Allens advises on successful bid for NSW Regional Rail PPP
18 February 2019
Allens has advised CAF Investment Projects, S.A. on its participation in the successful Momentum Trains consortium bid for the Regional Rail PPP in NSW.
The project involves the design and manufacture of new trains to replace aging XPT, XPLORER and Endeavour trains currently used on intercity and regional networks in NSW. A new train maintenance facility at Dubbo will also be designed and constructed to maintain the new trains for 15 years.
The Allens team advised CAF IP on its equity participation in the project, which included a number of bespoke end-of-term and debt repayment features designed to maximise flexibility and value for money for the State.
'We were excited to work with CAF IP on its first transaction in the Australian PPP market, and grateful for the insights we gained from its international perspective,' said Partner and Head of Infrastructure & Transport David Donnelly, who jointly led the matter with Managing Associate Paul Telford.
'This project builds on our broad experience advising on vital infrastructure investment in Australia, particularly in the PPP market and we are looking forward to working with the CAF IP team and other market participants on the broad range of PPPs expected to come to market in Australia as a number of jurisdictions move out of election years,' Paul said.
|Client||CAF Investment Projects, S.A.|
|Counsel for Momentum Trains||Herbert Smith Freehills – Momentum Trains|
|Counsel for the financiers||King & Wood Mallesons|
|Counsel for Transport for NSW||DLA Piper|
- Germaine GrahamSenior Corporate Communications Manager,
Ph: +61 2 9230 4639
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.