Blockchain reaction: nine months on
Special Report: Blockchain technology has grown in both scope and maturity over the past nine months, and encountered many unexpected successes and challenges. Read our updated Blockchain Reaction: nine months on report to learn about how the landscape has changed and the new issues and challenges to be aware of.
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
Innovation is central to the efficiency and advancement of Australia's infrastructure and transport industry and in facilitating the country's sustainable economic growth.
There is a widely acknowledged need to address Australia's infrastructure shortage, in part this can be attributed to the recent accelerated growth and activity within the resources industry.
There continues to be strong support among governments for the procurement of large bespoke infrastructure projects using the PPP model. These include important projects on which Allens has acted, for example the A$1.85 billion New Royal Adelaide Hospital PPP, the A$2 billion Sunshine Coast University Hospital PPP, the A$1 billion Victorian Comprehensive Cancer Centre PPP, the A$630 million Bendigo Hospital, the A$1 billion Gold Coast Rapid Transit Project as well as upcoming projects such as the A$3.3 billion North West Rail Link in New South Wales and the A$670 million Ravenhall Prison PPP in Victoria.
In addition, there have been repeated calls for governments to look to divest significant infrastructure assets to the private sector (eg. ports, electricity and water assets) to free up government capital for expenditure on new assets – an area in which our team also has a depth of expertise.
Having advised on many of the region's largest and most complex projects, industry leaders seek Allens' expertise and guidance through the political and environmental framework of major infrastructure and transport projects including PPP and privatisation projects. We advise the public sector, sponsors, financiers, contractors, suppliers, consultants and insurers and deliver accurate, innovative and cost-effective solutions.
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