Foreign investment in Australian infrastructure – national security considerations
Partner Wendy Rae in conversation with David Irvine AO, Chair FIRB.
We have a range of videos covering topics such as the Thames Tideway Tunnel, the AIIB and insights from Infrastructure NSW.
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Political leaders and experts discuss infrastructure divestment opportunities.
Set to revive: Investing in Europe's infrastructure
The delivery of quality infrastructure and services remains critical to the economic development of the region.
Allens' experience includes advising the public sector, sponsors, financiers, contractors, suppliers, consultants and insurers across all asset classes. Allens has played a central role in the development of the primary infrastructure market through a number of 'first-to-market' transactions across:
- traditional procurement and public-private partnerships;
- unsolicited and market-led proposals;
- operator-led infrastructure delivery and services outsourcing; and
- augmentations and major modifications.
Our asset knowledge allows the team to provide ongoing advice on the delivery and operation of a broad stable of infrastructure assets. These roles reinforce our ability to anticipate issues and generate practical and deliverable solutions for new assets.
Our team is also at the forefront of infrastructure M&A, including:
- privatisations – such as Westconnex and 'Poles and Wires'; and
- private secondary market transactions – for both individual assets and market participants.
We have also been involved in shaping the financing of infrastructure, particularly through our work:
- in the debt capital markets; and
- with leading investment and superannuation funds.
You will benefit from the broad range of skills and perspectives we are able to bring to bear on a project or issue. We offer a commercial team with a proven track record in delivering complex infrastructure.
Case study: Government Wireless Network
The deal: A $457 million project procurement to deliver an enhanced digital radio voice and narrowband data communications network for Queensland’s police, fire and ambulance services.
Phases of project:Technology, media and telecommunications, infrastructure, government, finance.
The significance: A first-of-its-kind project procurement for the Queensland Government, which was completed at least six months earlier than typically achieved under National PPP Guidelines.
Benefits: Replacing an outdated and inefficient analogue system for Queensland's public service agencies with digital wireless network services. The GWN will be in place for the 2014 G20 meetings in Brisbane and Cairns.
Case study: Sydney desalination plant privatisation
The deal: The acquisition of the Sydney Desalination Plant with a 50-year water supply and off-take agreement for $2.3 billion.
Phases of project: Finance, projects.
The highlight: The first major privatisation by the O'Farrell Government, this deal has paved the way for further asset disposals in NSW (including the sale of Port Botany and Port Kembla, announced in May 2013).
Benefits: The NSW Government received an up-front payment for the sale of a public asset (which can be used for further infrastructure investment) and investors receive a stable, regulated cash-flow back-stopped by the NSW Government.
Read more Infrastructure & Transport case studies