Refinancing completed for USD969 million Schools PPP project in Australia

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Refinancing completed for USD969 million Schools PPP project in Australia

Plenary Group has completed an AUD180 million (USD115 Million) refinancing of the Queensland Schools project in Australia.

The agreement involves a structured senior debt solution spread across 5 and 10 years, with the National Australia Bank (NAB) serving as the exclusive lead arranger. This AUD1.52 billion (US$969 million) public-private partnership was established between the Plenary Group-led Plenary Schools consortium and the Queensland Government to construct and maintain 10 new schools in southeast Queensland for 25 years. Over five years, new schools were established at various locations, including Pimpama, Burpengary, Pallara, Ripley Valley, Springfield West, Griffin, Bellbird Park, Caboolture, and Redbank Plains. These schools, comprising two secondary and eight primary institutions, now accommodate up to 10,000 students. 

Work commenced in January 2014, and the initial set of schools welcomed students as planned at the beginning of the 2015 academic year. The last school, Spring Mountain State School, was finished in December 2018, ensuring readiness for the start of the 2019 school year.

List of country news

Country news

  • January 11, 2023

    Construction contract awarded for USD690 million Hospital PPP project in Australia

    The NSW Government has selected CPB Contractors, the construction company of the CIMIC Group to deliver the main works construction on the Nepean Hospital Redevelopment Stage 2 project in Australia.

     

    Read more
  • December 21, 2022

    RFP issued for USD396 million Hydrogen PPP project in Australia

    The Office of Hydrogen Power South Australia has launched a Request for Proposal (RfP) for the development of a green hydrogen production plant and power plant located in Whyalla City, South Australia.

     

     

    Read more
  • November 09, 2022

    Plenary to deliver USD390.71 million Health project in Australia

    Plenary Group has announced that UNSW Sydney contracted the Plenary Group-led Plenary Health consortium to deliver the AUD600 million (US$390.71 million) Health Translation Hub in Sydney, Australia.

     

    Read more
  • September 20, 2022

    Construction progress for US$1.61 billion Metro Trains Project in Australia

    Plenary Group has announced that strong progress is being made on the AUD2.4 billion (US$1.61 billion) High Capacity Metro Trains project in Melbourne, Victoria, Australia

    Read more
  • July 07, 2022

    Contract awarded for foundation works of USD8.3 billion Road PPP project in Australia

    The SPARK consortium has chosen the joint venture of Trevi Group and Wagstaff Pilling to execute foundation and consolidation works for the North East Link road project in Melbourne, Australia.

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.