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.