Amp Capital completed refinancing of multimillion Prison PPP project in Australia
AMP Capital has completed the refinancing of the Eastern Goldfields Regional Prison PPP Redevelopment Project (EGRP) and removed all future refinancing risk from the Project.
The investment is held in AMP Capital’s Community Infrastructure Fund (CommIF). This is the second refinancing undertaken since the redevelopment project was acquired by CommIF in 2016 when AU$200 million (USD154.1 million) was raised from Commonwealth Bank of Australia (MLAUB) and DZ Bank AG.
As part of the current transaction, all project debt has been reclassified via a fully amortised 18-year facility. This has removed all future refinancing risk from the project. AMP Capital’s Debt Advisory Team acted as financial advisor throughout the transaction.
EGRP is a public-private partnership established to leverage private sector expertise to redevelop, finance and maintain one of Western Australia’s modern secure regional facilities.
CommIF invests in high-yield, brownfield, social infrastructure PPP assets in Australia and New Zealand in sectors such as education, health, water, and recreational facilities. The fund provides investors with the opportunity for stable, long-term returns.
Country news
-
-
January 25, 2021
Shortlist for USD433 million hospital redevelopment PPP in Australia
Victorian Health and Human Services Building Authority shortlisted three consortia to deliver the AUD562 million (USD433.7 million) Frankston Hospital redevelopment.
Read more -
November 16, 2020
Multimillion Sydney Gateway PPP awarded
Seymour Whyte, a VINCI Construction subsidiary based in Australia, in a 50:50 joint venture with John Holland, will deliver Sydney Gateway, around the Sydney Airport precinct.
Read more -
October 30, 2020
John Laing joins bidding team for waste processing megaproject in Melbourne
John Laing Group plc has announced that it has joined a consortium short-listed to bid for the rights to develop a large-scale waste processing PPP project in Melbourne, Australia.
Read more -
October 26, 2020
Refinancing completed for Eastern Distributor M1 toll road in Sydney
Transurban has raised AUD 302 million (US$ 214.05 million) of non-recourse debt via a new bank debt facility with a tenor of 3.25 years for Eastern Distributor M1 toll road in Sydney.
Read more -
October 06, 2020
Preferred bidder for AUD 1 bn hospital PPP in Australia
Plenary Health consortium has been announced as the preferred bidder to enter into an exclusive negotiation with the Victorian Government to deliver the new Footscray Hospital in Australia- the largest ever health infrastructure investment in the state.
Read more
