Recent case studies in the Infrastructure & Transport sector
The deal: Advising the Plenary Schools consortiumon the winning tender for the Queensland Schools II Project.
Phases of project: Equity investment, debt financing, construction,maintenance, planning and property issues, regulatory issues.
The significance: This was the second-fastest PPP in Australia to get from bid to close.
Benefits: Delivery of 10 new schools across multiple sites in southeast Queensland's high-growth corridor on a tight construction program.
The deal: State Grid acquisition of a 41 per cent stake in Electra Net.
Phases of project: Energy, regulatory issues, M&A, foreign investment, tax, competition.
The twist: Foreign Investment Review Board approval was needed before State Grid was able to put in an unconditional bid to buy the stake, being sold by the Queensland Government. If approval was not given, or was delayed, State Grid's conditional bid would have put them at a considerable disadvantage to other potential buyers.
Benefits: State Grid was able to put in an unconditional sale bid.
Consider this structure when: An unconditional bid is the preferred option, or will give you an advantage during a sale bid.
The deal: Gateway WA project.
Phases of project: Planning and development, procurement for project implementation, contract administration.
The significance: The largest infrastructure project that Main Roads WA has ever undertaken, and a transport infrastructure project of national significance.
Benefits: The WA State Government has gained critical funding from the Federal Government, with support from Infrastructure Australia, by having a well-planned and documented procurement process and a clear contractual framework. The program alliance delivery model offers the alliance team an opportunity to demonstrate the real value of collaboration and innovation in design and construct methodology for a major transport infrastructure project.