Allens has advised the Northwest Rapid Transit (NRT) consortium on the financial close of the $3.7 billion Public-Private Partnership (PPP) for the next stage of Australia's biggest public transport project, Sydney Metro.
The complex transaction involved multiple elements, including securing the refinancing and extension of the original PPP contract and raising debt and equity to finance it
'This transaction supports Australia's biggest public transport project and was also Plenary's largest ever refinancing,' said Emma Warren, lead Partner.
The transaction involved 35 different institutions for the senior debt and equity financing, including key global financiers, consortium members including MTR and major infrastructure investors such as Caisse de dépot et placement du Québec, Marubeni, Plenary and Pacific Partnerships.
Country updates
-
-
December 13, 2019
University of Melbourne enters into a student accommodation concession agreement with AMP Capital
The University of Melbourne has entered into a student accommodation concession agreement with AMP Capital for the Melbourne Connect precinct. Melbourne Connect is a new campus being built by the Univ...
Read more -
December 05, 2019
QIC completes acquisition of majority stake in Nexus Hospitals
QIC’s Global Infrastructure Fund (QGIF) and QGIF co-investors have acquired a 75% equity interest in Nexus Hospitals (Nexus), Australia’s second-largest day hospital platform which owns a...
Read more -
December 03, 2019
Ground-breaking rail agreement signed in Australia
The most significant freight infrastructure project in Australia’s history has taken a major step forward with the Australian and Queensland Governments signing a ground-breaking Bilateral Agree...
Read more -
December 03, 2019
CDPQ acquires 24.9% equity stake in Sydney metro trains PPP project
Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, announces today the acquisition of a 24.9% stake in the public-private partnership (PPP) contract fo...
Read more -
November 29, 2019
Contract for the extension of metro line in Australia
Sydney Metro has exercised a pre-agreed extension to the existing Northwest Rapid Transit (NRT) Public-Private Partnership contract, which was awarded in 2014 to for the operation of the Metro North W...
Read more
