DIF announced that, together with its consortium partners, it has reached financial close on the Bay Village workers accommodation facility which will support the North West Shelf and Pluto LNG projects in Karratha, Western Australia. The 15-year agreement includes the design, build, finance, operations and maintenance of a new 604-bed workers accommodation facility.
Construction works of the project have begun on site. Construction will take approximately 13 months, with the facility expected to be fully operational in mid-2020.
DIF Infrastructure V will be the 100% owner of the project, whilst design and construction works will be undertaken by Multiplex, and operations and maintenance services will be undertaken by Compass Group. The counterparties to the agreement are the North West Shelf and Pluto LNG projects, which are operated by Woodside, one of Australia’s largest natural gas producers.
BFIN (financial) and Corrs Chambers Westgarth (legal) advised the consortium. Financing was provided by Commonwealth Bank of Australia.
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