NSW Government awarded projects

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Overview

These Public Private Partnership (PPP) projects were awarded by the NSW Government to support key sectors such as education, health, transport and community infrastructure.

Each project listing explains its purpose, how it was delivered and the private sector partners involved.

These projects reflect the NSW Government’s commitment to working with the private sector to deliver high-quality public infrastructure and services.

Education

New schools project

Client agency

NSW Department of Education and Communities

Project description

The project involved:

design, construction and financing of 9 new public schools in Sydney, Wollongong, Shell Harbour and on the Central Coast
provision of cleaning, maintenance, repair, security, safety and related services for these schools' buildings, furniture, fittings, equipment and grounds in return for performance-based monthly payments by the DEC during the operation phase of the project.

Private sector partners

Asset Manager: Axiom Education consortium comprising of Royal Bank of Scotland
Equity Investor: Industry Funds Management (IFM) Infrastructure Funds
Construction Contractors: St Hilliers Pty Limited and Hansen Yuncken Pty Limited
Facilities Management Operator: Spotless Group Limited.

Project details

Contract value: $131.4 million (Estimated net present value at the time of the contract award).
Contract term: March 2003 to December 2032.
Operation began: 5 schools opened in 2004 and 4 schools opened in 2005.

Client agency

NSW Department of Education and Communities

Project description

The project involved:

design, construction and financing of 7 primary schools, 2 high schools and one special development school, located predominately in new urban growth areas of NSW
provision of cleaning, maintenance, repair, security, safety and related services for these schools' buildings, furniture, fittings, equipment and grounds in return for performance-based monthly payments by the DEC during the operation phase of the project.

Private sector partners

Project Company controlled by AMP Capital Investors Limited and International Public Partnerships Limited: Axiom Education NSW no 2 Pty Ltd.
Construction Contractors: St Hilliers Pty limited and Hansen Yuncken Pty Limited
Facilities Manager: Spotless Group Limited.

Project details

Contract value: $177.5 million (Estimated net present value at the time of the contract award).
Contract term: February 2006 to December 2035.
Operation began: 3 schools opened in 2007, 4 schools opened in 2008, 3 schools opened in 2009, and the final school opened in the first term of 2010.

Project variation

27 June 2008

An additional school, Kariong High School, was added to the contract, increasing the total number of schools under the project to 11. The school was opened on schedule in the first term of 2010.

Health

Orange and associated health services PPP project

Client agency

NSW Health

Project description

The project involves:

the design, construction and commissioning of the new Orange Hospital and new health facilities including Orange Tertiary Mental Health, Radiotherapy Unit and Oral Health Unit
the refurbishment of a number of buildings at Bloomfield including ward 18, ward 19, the Canobolas Building and the Amaroo Building
the financing of the new Orange Hospital and refurbishment of existing buildings at Bloomfield
the facilities management and delivery of ancillary non-clinical services for these hospital facilities and the new Bathurst Hospital.

Private sector partners

Finance and consortium leader: Pinnacle Healthcare consortium, comprising Babcock and Brown.
Design and construction: Hansen Yuncken Pty Limited.
Facilities management, maintenance and non-core support services: Spotless Group.

Project details

Contract value: $256 million (Estimated Capital Cost at the time of the contract award).
Contract duration: 21 December 2007 to 21 December 2035.
New Orange Hospital facilities were completed in March 2011.

Project variations

June 2009

As a part of a management buyout deal in June 2009 the Amber Infrastructure Group bought Babcock and Brown’s rights to provide investment advisory and management services to the Project equity provider and the equity was transferred to International Public Partnerships Limited.

June 2010

The Amending Deed of June 2010 provided for a number of variations including amendments to the project program and payment mechanism on capital and service cost. $41 million of the agreed capital cost for the extended works was paid outside of the project financing.

Client agencies

NSW Health
Health Justice Health and Forensic Mental Health Network
Department of Corrective Services NSW.

Project description

The project involves:

the financing, design, construction and commissioning of an 85 bed Prison Hospital to replace an existing facility, and a new 135 bed Forensic Hospital, within the Long Bay Correctional Complex in Malabar
the facilities management and delivery of ancillary non-clinical services for these hospitals.

The performance-based monthly payments upon the completion of the hospitals will be made to the private sector over the contract term.

Private sector partners

The PPP Solutions (Long Bay) Partnership, comprising the following:

Brookfield Multiplex Group
Babcock and Brown
Multiplex Constructions
Honeywell
Medirest
Commonwealth Bank
Royal Bank of Scotland.

Project details

Contract value: $130 million (Estimated Capital Cost at the time of the contract award).
Contract term: 19 July 2006 to 3 May 2034.
Operation began: Long Bay Prison and Forensic Hospitals were completed in July 2008 and November 2008 respectively.

Project variations

March 2011

After series of ownership changes in the project company the International Public Partnerships Limited became a 100% equity owner replacing Brookfield Multiplex Group and Babcock and Brown.

Client agencies

NSW Health
Hunter and New England Area Health Service.

Project description

The project involves development of a mixed medical or commercial building in the Newcastle CBD to accommodate a new Community Health Centre. Private sector involvement comprises design, construction, financing, and maintenance of the building.

Private sector partners

Austcorp Group Limited.
Abigroup Contractors Pty Ltd.

Project details

Contract term: September 2005 to March 2027.
Operation began: March 2007.

Client agencies

NSW Health
Hunter and New England Area Health Service.

Project description

The project involves a joint delivery of new health facilities on the Newcastle Mater Hospital site:

a new 96-bed acute mental health facility on the Mater Hospital site, including 10 extra acute mental health beds, to replace existing facilities at James Fletcher Hospital
the redevelopment of the Newcastle Mater Hospital
two extra radiation therapy bunkers and linear accelerators.

Private sector involvement comprises of design, construction, financing, maintenance and provision of selected services over the contract term.

Private sector partners

Equity investor and debt financier: Westpac Banking Corporation.
Design and construction: Abigroup Contractors Pty Limited.
Soft services: Medirest (Australia) Pty Limited.
Hard services: Honeywell Limited.

Project details

Contract value: $150 million (Estimated Capital Cost at the time of the contract award).
Contract term: 30 November 2005 to 30 November 2033.
Operation began: The redevelopment was completed in mid 2009.

Delivery agencies

Ministry of Health
Northern Sydney Local Health District.

Project description

The Northern Beaches Hospital will see acute services relocated from Mona Vale and Manly Hospitals and will form part of the broader Northern Beaches Health Service (NBHS) Redevelopment. The NBHS Redevelopment will also include:

the redevelopment of Mona Vale Hospital as a complementary hospital providing an urgent care centre, sub-acute services, community health and palliative care
the closure of the ageing Manly Hospital following the opening of the new hospital
the strategic redesign of community health services on the Northern Beaches.

In December 2014, the State awarded the contract to the hospital operator, Healthscope, to design, build, finance, operate and maintain the new Northern Beaches Hospital at Frenchs Forest. Healthscope will provide public patient services for 20 years.

The 9-storey hospital, to be built on a 6.5-hectare site at Frenchs Forest, will contain 488 beds, 1,400 car spaces and a helipad.

The hospital’s clinical services will include:

a 50-space emergency department - an increase on the total 30-spaces that currently exist in Manly Hospital and Mona Vale Hospital
14 operating theatres and 6 surgical suites
state-of-the-art intensive care and critical care units
a modern inpatient mental health facility.

At the end of the contract period, the public portion of the hospital can be handed back to the NSW Government at no additional cost.

Healthscope then has a further 20 years to provide services to private patients before the remaining part of the hospital can also be returned.

Project details

Contract Awarded: December 2014.
Operation begun: 30 October 2018.

Client agency

NSW Health

Project description

The project involves:

the financing, design, construction and commissioning of the new acute health facility, Community Health Facility, multi-storey car park and refurbishment of the Douglas Building
the facilities management and delivery of ancillary non-clinical services in both the new facilities and existing buildings under a Labour Services Agreement with Northern Sydney and Central Coast Area Health Service
the performance based monthly payments will be made to the private sector over the term of the project
the commercial components of the project include the private sector to manage and operate the car park facilities in return for payment of an annual licence fee and a share in revenue generated and have a lease of the retail premises in return for payment of base and turnover rent.

Private sector partners

Finance and consortium leader: Infrashore Partnership, comprising ABN AMRO.
Design and construction: Thiess.
Hard facilities management and maintenance: Thiess Services.
Car park services: Wilson Parking.
Retail: Zouki.

Project details

Contract value: $700 million (Estimated Capital Cost at the time of the contract award).
Contract duration: 23 October 2008 to 22 October 2036.
Stage 1: The Community Health Facility was completed in March 2011.
Stage 2: The Acute hospital facility was completed in December 2012, Stage 3 – Douglas Building.
Refurbishment: October 2013 and Stage 4 – New Car Park facilities, Building 2 demolition – July 2014.

Project variations

October 2007

Royal Bank of Scotland (RBS) bought ABN AMRO, the original sponsor and financier of the project.

December 2014

Clinical Services Building is officially opened.

February 2015

AMP Capital bought the Project Company, InfraShore, from the Royal Bank of Scotland.

Client agencies

Wentworth Area Health Services (WAHS)
Health Administration Corporation (HAC).

Project description

The project requires the private sector to design, build and operate a 127-bed hospital and community health facilities at Windsor and will provide services to public patients for 20 years. The private sector receives a service charge for the provision of hospital services to public patients and a percentage of an annual availability charge.

At the end of the contract the health facility will revert to WAHS with options to extend the term for 2 or 5 years

Private sector partners

Hawkesbury District Health Services Ltd (HDHS, non-for-profit company) owned and controlled by Catholic Health Services (CHCS).
Fletcher Constructions Australia Ltd.
Fletcher Challenge Ltd and ANZ Banking Group Ltd.

Project details

Contract value: $46.7 million (Estimated Project Cost at the time of contract award).
Contract term: 14 December 1994 to 6 August 2014.
Operation began: 7 August 1996.

Rail

Chatswood Transport Interchange

Project description

The project involved:

a major reconfiguration on Chatswood Station with new platforms, concourses, lifts and escalators to accommodate the new rail connection to Epping
new bus interchange and taxi ranks
two new rail bridges and associated rail works
the structural works for the related retail and residential development
integration of retail areas into the unpaid concourse areas on a long term lease
operation and maintenance of the Chatswood Interchange precinct
options for further development of a large retail complex (circa 10,000m2) and three residential towers accommodating about 500 apartments with underground car parking.

Private sector partners

Project Manager and Developer: CRI Chatswood Pty Limited.
Design and Construction Contractor: Laing O'Rourke.
Financial Advisor: Commonwealth Bank of Australia.
Mezzanine Financier: Arranger, and Babcock and Brown Real Estate.

Project details

Contract value: $157 million (Estimated Capital Cost at the time of the contract award) including the government contribution of $64 million.
Contract term: 22 September 2005 to 22 September 2055 plus 3 options for renewal, 1 for 15 years and 2 for 5 years each, totalling 75 years.
Operation began:
- Stage 1: Infrastructure or railway station and retail development was completed in December 2008.
- Stage 2: Residential Development was completed in December 2014.

Client agency

Rail Corporation NSW (RailCorp).

Project description

The project involves:

the private sector to design, construct, finance, lease and the operate and maintain four stations (Green Square, Mascot, Domestic and International Terminals at Sydney Airport)
the public sector to fund and own the Wolli Creek interchange stations, tunnels, tracks, catenary, signalling and communications systems
the private sector to design and construct the public sector component of the project (tunnels, tracks, etc) and maintain the public sector component.

Passengers paying a Station Usage Fee (SUF) to the private sector to use its four stations in addition to RailCorp’s standard train fare.

Private sector partners

At inception:
- Transfield Holdings Pty Limited
- Bouygues SA
- Transfield construction Pty Limited
- Airport Link Company Pty Limited (ALC) owned by Transfield Holdings Pty Limited
- Bouygues SA.
From 2000 to 2007: The project was in receivership.
From 2007 to 2013: Westpac Essential Services Trust and Capital Partners (now CP2).
From 2013 to present: Universities Superannuation Scheme.

Project details

Contract value: $673 million (the estimated design and construction cost at the time of the contract award):
- $542 million: The public sector component (tunnels, trucks and other)
- $131 million: The private sector component (4 stations).
Contract term: 30 June 1995 to 20 May 2030.
Operation began: 20 May 2000.

Project variations

13 October 2005

Renegotiation of the original Stations Agreement (1995) was taken to settle disputes between Railcorp and the ALC. The Restated Stations Agreement (2005) includes provision of a capped amount payable by RailCorp to ALC, a revised profit-sharing mechanism, a relaxation of the RailCorp’s performance standards and revised termination provisions.

1 March 2011

Heads of Agreement provided that from 7 March 2011 passengers will not pay a SUF at Green Square and Mascot stations (SUF is maintained at Domestic Terminal and International Terminal stations). To compensate ALC for the lost revenue RailCorp pays ALC a Shadow SUF based on an adjusted actual patronage volume and a Shadow SUF Value per passenger.

Client agency

Transport for NSW (TfNSW).

Private sector partners

Westfield Management Ltd.

Project description

The project involved a joint venture between TfNSW, formerly Transport Infrastructure Development Corporation (TIDC), and Westfield for the development and construction of the Parramatta Transport Interchange.

Redevelopment of the transport interchange aimed to upgrade the station for future patronage growth, improve passenger facilities and provide new bus facilities.

Project details

Contract value: $67.5 million (Estimated Capital Cost at the time of the contract award).
Contract term: March 2004 to 2029.
Operation began: February 2006.

Sydney Light Rail (incorporating CBD South-East Light Rail and Inner West Light Rail)

Delivery agency

Transport for NSW (TNSW).

Project description

A central element of delivering Sydney’s Light Rail Future is the City and South East Light Rail. This new light rail line will extend from Circular Quay along George Street to Central Station to Moore Park, then to Kingsford via Anzac Parade and Randwick via Alison Road and High Street.

This route was selected by NSW Government following extensive feasibility investigations and consultation with key stakeholders. Transport for NSW is now progressing delivery of the CSELR extensions in consultation with councils, business, industry and the community.

The CSELR will be delivered via 2 major contracts:

a limited Early Works package, to be delivered as a Managing Contract
Main Works package, to be delivered as a Public Private Partnership (PPP).

The Early Works include selected upfront activities, adjustments to utilities and other works and was awarded to Laing O'Rourke Construction Australia in June 2014.

The Main Works PPP will cover design, construction, services relocations, operation and maintenance of the 12-kilometre project, as well as the operation and maintenance of the Inner West Light Rail network.

The PPP will be provided through availability payments to the PPP private sector partner on meeting certain performance targets. The Main Works PPP was awarded to the ALTRAC Light Rail consortium.

Since mid-2015, ALTRAC Light Rail also operates and maintains the existing light rail network, which operates from Central to Lilyfield and through the inner west to Dulwich Hill.

Private sector partners

ALTRAC Light Rail consortium: Acciona infrastructure Australia.
First State Super and John Laing Plc.

Project details

Financial close: February 2015.
Contract term: December 2014 to March 2034 (approximately 19 years).
Estimated completion: To be confirmed.

Project name

Sydney Metro City and Southwest (SMCSW) Operations, Trains and Systems 2 (OTS2) PPP.

Delivery agency

Sydney Metro.

Project description

The Sydney Metro City and Southwest project extends the metro railway from Chatswood under Sydney Harbour, through the CBD and beyond to Bankstown.

The project includes 2 components:

Chatswood to Sydenham: New 15.5km twin tunnels from Chatswood, under Sydney Harbour through the Sydney CBD to Sydenham, with new stations being delivered at Crows Nest, Victoria Cross, Barangaroo, Martin Place, Pitt Street and Waterloo along with new underground platforms at Central Station.
Sydenham to Bankstown: Upgrading and converting the T3 Bankstown Line to metro standards between Sydenham and Bankstown with all stations to be fully accessible with lifts and level access between platforms and trains.

When complete, Sydney will have 31 metro railway stations and a 66km standalone metro railway system.

SMCSW is being delivered through multiple contract packages including (but not limited to) a tunnelling package, multiple stations packages and a line-wide contract. The OTS2 package is an availability PPP where the State will retain demand risk. A substantial State contribution will also be made during construction. The OTS2 PPP is an augmentation to the existing (Northwest) OTS PPP and has been structured so that on the "OTS Incorporation Date", the OTS Project Deed will fall away as a standalone document and the Sydney Metro Northwest and Sydney Metro City will be governed by the OTS2 Project Deed. The OTS2 Project Deed will also govern the on-going delivery and subsequent operation and maintenance of Sydney Metro Southwest when it is completed.

Private sector partners

Northwest Rapid Transit, MTR Corporation (Australia) and Plenary Group, and includes the key roles of:

Systems integrator and investor: MTR.
Principal commercial adviser, investor and financial arranger: Plenary Group.
Operator: Metro Trains Sydney.
Trains and signalling key subcontractor: Alstom.
Communications key subcontractor: Thales.
Radio key subcontractor: UGL.
Platform screen door key subcontractor: Gilgen.

Project details

Financial Close: 4 December 2019.
Contract value: $3.7 billion contract package, which includes $1.7 billion for new metro trains and core rail systems as well as a $2 billion operations and maintenance component for NRT to operate the combined North West and City and Southwest lines until 2034.
Contract term: May 2034.
Estimated completion: 2024.

Project name

North West Rail Link (NWRL) Operations, Trains and Systems (OTS) PPP.

Delivery agency

Transport for NSW (TfNSW).

Project description

The project will connect Cudgegong Road, Rouse Hill and Chatswood and includes 8 new stations, approximately 15.5kms of twin bore tunnels from Epping to Bella Vista, a 4km elevated ‘skytrain’ (viaduct) between Bella Vista and Rouse Hill, and conversion of the Epping to Chatswood Rail Link to deliver high frequency rapid transit services. The total length of the project is 36km. Parking for 4,000 cars will be provided across 5 railway station sites.

The NWRL will be delivered via 3 major contracts:

Tunnels and Station Civil Works package, to be delivered as a D&C.
Surface and Viaduct Civil Works package, to be delivered as a D&C.
Operations, Trains and Systems (OTS) package, to be delivered as a Public Private Partnership (PPP).

The TSC package has been contracted to the Thiess, John Holland and Dragados joint venture, with construction to begin next year. The SVC contract has been awarded to the Impregilo Salini Joint Venture.

The OTS package involves the design, construction and commissioning of rail infrastructure (including depot and stabling), procurement of rolling stock, operation and maintenance, and financing of the 23km of new rail network from Cudgegong Road to Epping, as well as the upgrade of the 13km of existing rail network from Epping to Chatswood.

OTS will be an availability PPP where the State will retain demand risk. A substantial State contribution will also be made during construction.

Private sector partners

Northwest Rapid Transit: MTR Corporation (Australia).
John Holland, Leighton Contractors.
UGL Rail Services and Plenary Group.

Project details

Financial close: 18 September 2014.
Contract value: $3.7 billion (net present cost).
Contract term: September 2014 to April 2034 (approximately 20 years).
Estimated completion: First half of 2019.

Client agency

Transport for NSW (TfNSW).

Project description

The project involves:

private sector financing, designing, manufacturing and commissioning of:
- 626 new double-deck carriages, providing 78 new trains and 2 spare carriages for Sydney Trains services in metropolitan Sydney
- a new maintenance facility for these trains at Auburn
- new train simulators for the training of Sydney Trains drivers and guards.
an obligation on the private sector parties to make at least 72 of the new trains (and more for special events) available for Sydney Trains services every day over a period of about 30 years, with up to 2 possible 5-year extensions of the operational period for some or all of the trains
private sector maintenance, cleaning, repair and refurbishment of the new trains, maintenance facility and train simulators, to TfNSW-specified standards, throughout their operational periods
private sector decommissioning of the trains and handing over of some or all of the trains to TfNSW, at the end of their operational periods, and handing over of the train maintenance facilities to TfNSW at the end of the operational period.

The private sector receives from TfNSW specified milestone payments during the delivery phase of the project and performance-based monthly payments throughout the rest of the project.

Private sector partners

The Reliance Rail consortium comprises equity partners.
AMP Capital Investors.

Project details

Contract value: $3.6 billion (Estimated cost of building the new trains, the maintenance facility and the simulators at the time of the contract award).
Contract term: 7 December 2006 to 11 February 2044 which is 30 years after the scheduled delivery date of the 69th train.
Operation began: The Auburn Maintenance Centre was completed on 18 June 2010 and the Crew Training Simulators were completed on 31 August 2010. The first Waratah train entered passenger service on 1 July 2011.

Client agency

Transport for NSW (TfNSW).

Project description

The NSW Government is replacing the ageing NSW regional rail fleet of XPT, XPLORER and Endeavour trains, which includes trains that are up to 36 years old.

A new train maintenance facility will be built in Dubbo to stimulate the regional economy and help create sustainable job opportunities and skills.

The new trains will improve safety, comfort, accessibility and reliability for customers who travel from Sydney to many regional centres in NSW, as well as Canberra, Melbourne and Brisbane.

Private sector partners

Momentum Trains Pty Ltd: Pacific Partnerships.
CAF Investment Projects (CAF IP).
DIF Infrastructure V Coöperatief.

Project details

Financial close: 15 February 2019.
Contract term: February 2019 to September 2037, noting TfNSW may extend the term of the contract for up to 4 further 5-year periods.
Estimated completion: Progressive introduction from 2023.

Delivery agency

Sydney Metro.

Project description

The Sydney Metro – Western Sydney Airport will become a transport spine for Western Sydney and will support the growth of Western Parkland City for generations to come. This project will deliver a metro railway from St Marys to Western Sydney International and Western Sydney Aerotropolis.

Project details

The Sydney Metro – Western Sydney Airport project is a jointly funded infrastructure project between the Australian Federal and NSW Government to procure from the private sector the design, construction, integration, financing, operation and maintenance.

The Project is being procured through the following 5 main packages:

the Advanced and Enabling Works (AEW)
the Station Box and Tunnelling Works (SBT Works)
the Surface Civil and Alignment Works (SCAW Works)
the Stations, Systems, Trains, Operations and Maintenance works (SSTOM Works)
the Finalisation Auxiliary Works (FAW).

Once completed, the Western Parkland City will have 6 new metro stations between St Marys and the new Aerotropolis, 12 new metro trains and 23 kilometres of tunnels and surface civil structures.

The SSTOM works is a key component of the Project and will deliver the stations, rail infrastructure and systems, trains and provide the operations and maintenance for the Airport. This works package will be constructed under an availability Public Private Partnership (PPP) as defined in the ‘NSW PPP Guidelines’, whereby the State will retain patronage and revenue risk. A capital contribution will also be made during construction.

The principal contract for the SSTOM PPP is the SSTOM Project Deed which sets out the terms under which OpCo (the private sector counterparty to the deed) must:

finance, or procure finance for, the SSTOM PPP
design and construct the SSTOM Works
during the term, operate and maintain Sydney Metro – Western Sydney Airport
handback Sydney Metro – Western Sydney Airport to Sydney Metro at the end of the term.

Private sector partners

Parklife Metro consortium comprising of Plenary Origination
Webuild
RATP Developpement
Siemens Mobility
Siemens Project Ventures
Siemens Mobility Austria.

Project details

Financial close: 20 December 2022.
Contract term: 15 years from Completion.

Road

Cross City Tunnel

Client agency

Transport for NSW (TfNSW).

Project description

The project involves:

the financing, design, construction, operation and maintenance of 2 east–west tollroad tunnels under the Sydney CBD, Darlinghurst and Woolloomooloo, between Darling Harbour and Rushcutters Bay, and associated tunnelled links to Sir John Young Crescent, the Cahill Expressway and the Eastern Distributor
the financing, design and construction of associated improvements to surface roads, including new bus and bicycle lanes, intersection improvements, ‘traffic calming’ measures, wider footpaths and other improvements to pedestrian facilities, to take advantage of the opportunities afforded by reduced traffic congestion.

The project has been funded, designed and built by the private sector.

Private sector partners

Transurban (acquired in June 2014).

Project details

Contract value: $680 million (Estimated Capital Cost at the time of the contract award).
Contract duration: 19 December 2002 to 18 December 2035.
Operation began: 28 August 2005 (2 months ahead of schedule).

Project variations

January 2005

The amendments took effect according to which the principal CrossCity Motorway consortium parties undertook to fund up to $35 million of changes to the project’s works directed by TfNSW, in return for specified increases in the maximum permissible tolls on tunnel users.

September 2007

Contract amendments reflected the transition to a new consortium formed by ABN AMRO and Leighton Contractors. This included an associated refinancing of the project, change in the project’s operation and maintenance contractor, as well as minor amendments to other agreements.

Alternative professional indemnity insurance arrangements were also established at this time.

Client agency

Transport for NSW (TfNSW).

Project description

The project involves financing, designing, construction, operation and maintenance of the Eastern Distributor motorway which provides a 6km motorway link between the City and Sydney’s Kingsford Smith Airport and Port Botany.

Private sector partners

Airport Motorway Limited (AML)
Leighton Contractors Pty Limited
National Australian Bank Limited (NAB).

Project details

Contract value: $680 million (Estimated financing, development, design, construction, fit out and commissioning cost at the time of the contract award).
Contract term: 18 August 1997 to 23 July 2048.
Operation began: December 1999.

Client agency

Transport for NSW (TfNSW).

Project description

The project involves:

the financing, design, construction, operation and maintenance of a 3.6km long motorway in twin tunnels between the Epping Road bridge crossing of the Lane Cove River in Lane Cove West and the Gore Hill Freeway in Artarmon
the financing, design, construction, operation and maintenance of two tolled north-facing ramps connecting the Warringah Freeway in North Sydney with Falcon Street and Military Road
the financing, design and construction of associated improvements to existing surface roads and intersections, including widening of the Gore Hill Freeway to 6 lanes, including a transit lane in each direction, and major modifications to Epping Road and Longueville Road between Wicks Road in North Ryde and the Gore Hill Freeway in Artarmon, to improve facilities for cyclists, pedestrians and public transport.

The project has been funded, designed and built by the private sector.

Private sector partners

Transurban (acquired in August 2010).

Project details

Contract value: $1.1 billion (Estimated Capital Cost at the time of the contract award).
Contract duration: 9 December 2003 to 9 January 2037 (since extended to 30 June 2048).
Operation began: 25 March 2007.

Project variations

March 2004

The additional costs of the new and revised north-facing and south-facing Falcon Street ramps, of just under $11.5 million, were met by TfNSW. TfNSW has also provided a net amount of $30 million for a series of other changes to the project.

January 2015

As part of the funding model for the NorthConnex project, amendments to the existing concession were made including an increase to the heavy vehicle toll multiplier and an extension to the concession end date.

Client agency

Transport for NSW (TfNSW)

Project description

The M2 motorway, originally known as the ‘North West Transport Link’, is a 21km road link, generally of four lanes, between Epping Road and the Lane Cove Tunnel in North Ryde and Old Windsor Road and the Westlink M7 motorway in Baulkham Hills. There is a 2-lane busway between the motorway’s general traffic lanes along an 8km section between Beecroft Road in Epping and Windsor Road in Baulkham Hills.

The project has been funded, designed and built by the private sector. TfNSW contributed $232.6 million to the cost mainly to acquire land for the M2 motorway.

Private sector partners

The Hills Motorway consortium:
- Abigroup
- Obayashi Corporation
- Scetauroute
- Westpac
- Macquarie Corporate Finance
- Banque Paribas
- Long Term Credit Bank of Japan
- Gutteridge Haskins and Davey.

Project details

Contract value: $644 million (Estimated Capital Cost at the time of the contract award).
Contract duration: 26 August 1994 to 26 May 2042, which was extended under the M2 Upgrade arrangements to 26 May 2046 (since extended further to 30 June 2048 as part of M2 Integration Works).
Operation began: 26 May 1997.

Project variations

1994 to 2010

Series of amending and additional contractual arrangements such as refinancing of the project’s debts, advertising on the motorway, the effect on tolls of the introduction of the GST, electronic tolling, the change in ownership of the trust established by the Hills Motorway Group, the acquisition of some Hills Motorway entities by Transurban, the conversion of westbound portion of the motorway between Lane Cove Road and Beecroft Road from 2 to 3 road lanes.

2010 to 2013

The Upgrade Project Deed took effect on 18 November 2010 according to which Hills Motorway designs, constructs, completes and commissions specified M2 upgrade works in 4 stages. The upgrade was completed in August 2013. The private sector funded the works of the estimated capital cost of $546 million and received a future extension of the maximum concession term by 4 years upon the works completion.

2015

The need for integration work on the M2 was identified to enable the safe merge of traffic from the proposed NorthConnex tunnel onto the M2 and to optimise motorway performance. Works include construction of an additional westbound lane on the M2 from Pennant Hills Road to Windsor Road. This would also involve lane widening at Yale Close, Barclay Road and Darling Mills Creek bridges.

The M2 integration work started in August 2015 and was completed in 2018.

Client agency

Transport for NSW (TfNSW)

Project description

The original project involved financing, construction, operation and maintenance of a 14.5km motorway between Beverley Hills and Casula, in the south-west of Sydney. Due to variations outlined below, this project has since been extended to cover 21km of motorway between Beverley Hills and Prestons. The original arrangement comprised:

TfNSW providing loans to the private sector of $35 million, including $22 million in land and $13 million in cash, repayable after the private sector's bank debt has been fully repaid
a concession period of 22 years post-completion after which the road would revert to public ownership (since extended to 34 years)
a toll of $1.10 for cars and $3.30 for trucks (December 1989 dollars), escalated at the greater of CPI or 9% per annum (the right to increase tolls at 9% per annum was removed in 1993 under the MS Western Extension arrangement).

Private sector partners

Interlink Roads Pty Limited (Interlink)

Project details

Contract value: Original project: $315 million (1991).
Western Extension: $65 million (1993).
Moorebank Avenue Interchange: $32 million (2002).
Widening: $400 million (2012).
Contract term: 22 February 1991 to 2014 (since extended to December 2026).
Operation began: The road was opened to traffic in October 1992. The MS western extension and Moorebank Avenue Interchange were opened to traffic in 1995 and February 2003 respectively.

Project variations

29 June 1993 MS Western Extension

TfNSW and Interlink negotiated to extend the MS to the west from Moorebank to Prestons. The western extension with the estimated capital costs of $65 million involved:

TfNSW making an additional $50 million loan to Interlink, with the balance of the cost being financed by the CBA
extension of the concession period by 8 years to 2022
renegotiation of tolling arrangements, requiring Interlink to peg tolls for 3 years and then escalate at CPI (foregoing the right to increase tolls at 9% per annum, as provided in the original deed).

30 June 1997 Sale of TfNSW Loans

The loans previously advanced by TfNSW to Interlink (totalling $85 million) to construct the MS South West and the MS Western Extension were sold to CBA for $110 million. The proceeds were used to partially fund the construction of the MS East extension.

15 May 2002 Moorebank Avenue Interchange

Interlink proposed to finance and construct the grade separated interchange at the intersection of the MS and Moorebank Avenue with the estimated capital cost of $32 million, to be funded by the increased traffic projected as a result of the improved traffic flow, with the balance of the cost being funded by an increase in the MS concession term until August 2023.

19 June 2012 MS South West Motorway Widening

TfNSW and Interlink Roads reached final agreement to widen the MS South West Motorway to 3 lanes in each direction, between Beverley Hills and Prestons. The $400 million project was funded through:

a 3.3-year concession extension, to December 2026
an increase in truck tolls to 3 times car tolls, to be implemented following construction completion
the NSW Government contributed around $50 million towards the project cost, being for noise walls, drainage and other works arising out of the final Planning Approval conditions.

Delivery agency

Transport for NSW (TfNSW)

Project description

In March 2012, the NSW Government received an Unsolicited Proposal from Transurban and Westlink M7 shareholders to design, build, operate, maintain and finance a tolled motorway tunnel linking the M1 Pacific Motorway (formerly the F3 Freeway) at Wahroonga to the Hills M2 Motorway at West Pennant Hills. A Stage 3 detailed proposal was received on 27 November 2014.

Contractual and financial close on the Project was reached on 31 January 2015. The Project was developed under the NSW Government Unsolicited Proposals Guide: Submission and Assessment, February 2014.

The Lend Lease Bouygues joint venture will Design and Construct NorthConnex.

The project involves:

twin 9km motorway tunnels
built with long term capacity for 3 lanes but will initially operate with 2 lanes
increased height clearance of 5.3m
a northern interchange connecting with the M1 Motorway, the Pacific Highway and Pennant Hills Road
a southern interchange connecting with the Hills M2 Motorway and Pennant Hills Road.

The majority of the Project’s cost will be financed by Transurban and the Westlink M7 shareholders. The Australian and NSW Governments are contributing up to $405 million each.

Private sector partners

Transurban
Queensland Investment Corporation
Canadian Pension Plan
Lend Lease Bouygues.

Procurement details

Contract value: $2.9 billion.
Contract award: 31 January 2015.
Begins operation: Expected 2020.

Client agency

Transport for NSW (TfNSW)

Project description

The project involved design, construction, finance and operation of a 2.3km, 4 lane underwater tunnel running below Sydney Harbour. It provides an alternative cross-harbour route, dramatically easing traffic congestion on the Harbour Bridge during peak travel times.

After the end of the concession the tunnel ownership will pass to TfNSW.

Private sector partners

Transfield-Kumagai Joint Venture
Westpac.

Project details

Contract value: $670 million (Estimated Amount Payable at the time of the contract award).
Contract term: June 1987 to August 2022.
Operation began: 30 August 1992.

WestConnex

Delivery agency

Transport for NSW (TfNSW)

Project description

WestConnex will provide high quality, motorway standard connections linking Sydney’s west and southwest to the city, airport and port, with more than 30kms of continuous motorway. The project will transform urban travel by providing enhanced connectivity between key employment hubs and local communities.

WestConnex is being delivered in 3 stages and comprises 3 concessions, each of which includes various motorway assets:

New M4 concession

M4 Widening (Parramatta to Homebush): Widening the existing M4 Motorway from Parramatta to Homebush.
New M4 Tunnels (Homebush to Haberfield): Extending the M4 Motorway in tunnels between Homebush and Haberfield via Concord.

New M5 concession

New M5 Tunnels (Beverly Hills to St Peters): Duplicating the M5 East from King Georges Road in Beverly Hills with tunnels from Kingsgrove to a new interchange at St Peters.
King Georges Road Interchange Upgrade (Beverly Hills): Upgrade of the King Georges Road Interchange between the widened M5 West and the M5 East at Beverly Hills.

M4-M5 Link concession

M4-M5 Link Tunnels: Connection of the New M4 in Haberfield and the New M5 in St Peters via 2 tunnels.
Rozelle Interchange: A new underground motorway interchange which provides connectivity to the M4-M5 Link Tunnels and the City West Link, and an underground bypass of Victoria Road between Iron Cove Bridge and Anzac Bridge. The Rozelle Interchange also provides a connection to the future Western Harbour Tunnel.

Private sector partners

Transport for NSW has awarded 3 separate WestConnex concessions to build, operate, finance, maintain and toll the 3 stages. The 3 WestConnex concessionaires are owned by the Sydney Transport Partners consortium (51%) and the State (49%).

Project details

Contract term: The WestConnex concessions expire on the 31 December 2060.

Client agency

Transport for NSW (TfNSW)

Project description

The original project, executed in 2003, involved:

the financing, design, construction, operation and maintenance of a 40km long, 4 lane, dual carriageway motorway between the F5 freeway and the M5 motorway in Prestons and the M2 motorway in West Baulkham Hills, as part of the Sydney Orbital freeway and motorway circuit
the financing, design and construction of associated improvements to surface roads and intersections.

The private sector designed and built the project, and financed the majority of the project costs, with around $360 million of funding support provided by the Commonwealth Government.

Private sector partners

WestLink Motorway consortium, comprising the following:

Transurban
Queensland Investment Corporation
Canada Pension Plan Investment Board.

Project details

Original contract value: $1.54 billion (Estimated Capital Cost at the time of contract award).
M7-M12 Integration Project value: $1.7 billion (as at contract award in February 2023).
Contract duration: The term of the original contract was 14 February 2003 to 14 February 2037. This was extended to 30 June 2048 as part of the NorthConnex arrangements and further extended to 12 September 2051 as part of the M7-M12 Integration Project arrangements.
Operations began: December 2005 (8 months ahead of schedule).

Project variations

January 2015

December 2022

NSW Government accepted a proposal from the WestLink Motorway consortium under the NSW Unsolicited Proposal process to widen the M7 Motorway and deliver connections to the new M12 Motorway (known collectively as the ‘M7-M12 Integration Project’). Contract close was reached on 21 February 2023.

The M7-M12 Integration Project comprises:

Westlink M7 Widening: A new lane in each direction within the existing median of the M7 Motorway between the M5 and Richmond Road
M7-M12 Interchange: A direct connection between the new toll-free M12 Motorway and the existing Westlink M7 Motorway
M12 Elizabeth Drive Connection: Upgrading the existing Elizabeth Drive to facilitate a new connection between the eastern end of the new M12 Motorway, the existing M7 Motorway and the local road network.

The WestLink Motorway consortium will deliver the M7-M12 Integration Project with John Holland as the Design and Construct contractor. Construction is expected to take around 3 years and be completed in 2026.

The M7-M12 Integration Project is funded by the following:

increased toll revenue from expected additional traffic flows due to the increased capacity of the widened M7, the construction of the M7-M12 Interchange, and EDC
increased toll revenue due to an extension of the existing concession by 3.2 years from 30 June 2048 to 12 September 2051
a NSW Government commitment.

The M7-M12 Integration Project has obtained all relevant planning and environmental approvals which are separate to the unsolicited proposal process.

The level of tolls and the toll escalation regime will not change as a result of the Project, noting that the current regime is based on distance-based tolling, in both directions. The M7 Project Deed specifies the maximum rate that the Companies may charge.

Community, environment and others

New Grafton Correctional Centre

Delivery agencies

Infrastructure NSW
Department of Justice.

Project description

The NGCC project comprises the design, delivery, operations, maintenance and financing of a 1,700-bed facility, which will be the major multifunctional, regional correctional facility servicing the northern part of NSW.

Operational Commencement of the NGCC is expected to be 30 June 2020.

Private sector partners

NorthernPathways Pty Ltd:
- Serco
- John Laing
- John Holland
- Macquarie Capital.

Project details

Financial Close: 20 June 2017.
Contract term: Delivery Phase: 3 years from July 2017 to June 2020.
Operations Phase: 20 years from July 2020 to June 2040.

Client agency

Sydney Water Corporation (SWC)

Project description

The project involves a finance lease arrangement, where the Sewage transfer tunnel is owned and financed by the private sector, but is controlled by the State. The project comprises the provision of an 18km tunnel for the improvement of the water quality in the Blue Mountains.

Private sector partners

Blue Mountains Sewage Tunnel Pty Ltd consortium comprising of the following:

Sakura Finance Australia Ltd (Agent)
McConnell Dowell Corporation Limited
Superannuation Funds Management Corporation of South Australia (SFMCSA)
Obayashi Corporation.

Project details

Contract value: $80 million (Estimated Capital Cost at the time of the contract award).
Contract term: 1993 to 2028 (35-year concession).
Operation began: June 1996.

Colongra Gas Pipeline and Storage Facility

Client agency

Delta Electricity (owned and operated by Sunset Power International Pty Ltd).

Project description

The project involves a Build, Own, Operation and Maintenance (BOOM) arrangement between the private sector and NSW government of a gas pipeline storage facility. The facility services the Colongra gas turbines and storage pipeline to deliver gas to Delta Electricity’s gas turbine facility near the Central Coast NSW.

Private sector partners

Jemena Colongra Pty Ltd (Jemena Colongra) consortium consisting of:

Jemena Gas Networks (NSW) Limited, Jemena Asset Management Pty Ltd and Jemena Ltd
Doyalson-Wyee RSL Club Limited
GHD Australia Pty Ltd
Sumitomo Australia Pty Ltd
Enerflex Systems Pty Ltd.

Project details

Contract value: $76.6 million (Total estimated present value at the time of contract award).
Contract term: December 2007 to December 2027.
Operation began: November 2009.

Darling Harbour Live

Project name

The Sydney International Convention, Exhibition and Entertainment Precinct (SICEEP).

Client agency

Place Management NSW.

Project description

The vision for the project is to provide world class facilities across the 12-hectare precinct at Darling Harbour stretching from Cockle Bay to Haymarket and Ultimo that can successfully host the widest range of local, national and international events.

The private sector is asked to provide innovative solutions across the following areas:

operations across the Precinct following Financial Close, including event marketing, venue management, food and beverage services, customer service, security, car parking and other ‘soft’ facilities management services
design, construction and financing of the expanded and enhanced international convention, exhibition and entertainment complex, including the refurbishment of existing facilities and the development of new facilities (Extended facilities)
recurrent and lifecycle maintenance of the Expanded Facilities over the term of the Public Private Partnership (PPP)
facilitation of appropriate commercial development within the Precinct, including a new hotel, car parking and food and beverage outlets.

Private sector partners

Darling Harbour Live:
- HOSTPLUS
- AEG Ogden
- Spotless
- Lend Lease
- Capella Capital.

Project details

Financial close: 5 December 2013.
Contract value: $1.1bn (Estimated Capital Cost at the time of the contract award).
Contract term: 19 December 2016 to 19 December 2041 (25 years).
Operation began: December 2016.

Client agency

Waste Recycling and Processing Corporation (which on 21 March 2005 changed its trading name from Waste Service NSW into WSN Environmental Solutions).

Project description

The project involves financing, design, construction and operation of an alternative waste treatment (AWT) facility on the Eastern Creek land-fill site by the private sector.

The facility sorts mixed waste to recover recyclables and separates out the organic component to produce compost, reducing the amount of waste going to landfill. Waste Service NSW guarantees minimum supply of putrescibles waste at an agreed quality and pays the private sector to process the waste at a contracted price.

Private sector partners

Global Renewables Eastern Creek Pty Limited (GREC).

Project details

Contract value: $70 million (Estimated Capital Cost at the time of the contract award).
Contract term: 7 August 2003 to September 2029 (in January 2011 the State's obligations under the agreement were transferred to SITA Environmental Solutions (SITA) as a part of the sale of WSN Environmental Solutions).
Operation began: September 2004.

Client agency

Sydney Olympic Park Authority (which took over from Olympic Coordination Authority (OCA) on 17 July 2001).

Project description

The project involved the private sector:

planning, designing, financing and constructing the Olympic village to provide accommodation for 15,300 competitors and team officials during the Olympic Games and accommodation for 7,500 competitors and officials during the Paralympic Games
fitting out the village before the Olympics
carrying out the reinstatement work on the Olympic village after the Paralympics
marketing and selling the reconfigured Olympic village properties, sharing the net proceeds between the private consortium and Government in accordance with the agreement
planning, designing, financing, constructing, marketing and selling non-Olympic developments in the village.

Private sector partners

Mirvac Lend Lease Village Consortium comprises of:
- Mirvac Limited
- Lend Lease Corporation Limited
- Civil and Civic Pty Limited
- Australia and New Zealand (ANZ) Banking Group Limited
- Westpac Banking Corporation.

Project details

Contract value: $590 million (Estimated Total Cost at the time of the contract award).
Contract signed: 17 April 1997.

Client agency

Sydney Olympic Park Authority (which took over from Olympic Coordination Authority (OCA) on 17 July 2001)

Project description

The role of the private sector is to:

finance, plan, design, construct, and commission the SuperDome
plan, design, construct and commission the adjacent Avenue 2B Carpark and public domain areas
make the arena available for the Olympic Games, the Paralympic Games and other events
operate, maintain and repair the SuperDome and carpark until 2031.

Private sector partners

Millennium consortium comprises of:
- Abigroup Limited
- Millennium Agent Pty Limited
- Millennium Contractors Pty Limited
- AIDC Australia Limited
- Obayashi Corporation
- LMI Sydney Pty Limited.

Project details

Contract Value: $197.2 million (the Estimated Cost of design, construction, fitout, commissioning and financing cost of the Multi-Use Arena at the time of the contract award, of which the State contributed $141.5 million).
The State also paid $62.0 million for the adjacent Avenue B Carpark and $19.3 million for the adjacent public domain landscaping and related works.
Contract term: 31 July 1997 to 31 January 2031.
Operation began: 30 August 1999.

Client agency

Sydney Water Corporation.

Project description

The project requires the private sector to construct, own and operate a Water Filtration Plant at both Illawarra and Woronora and maintain associated works for the purpose of supplying water to those regions.

Private sector partners

Wyuna Water Pty Ltd.

Project details

Contract value: $174 million (Estimated Total Cost at the time of the contract award).
Contract term: 12 December 1994 to 1 December 2019.
Operation began: Illawarra and Woronora Water Treatment Plant began operations in December 1996 and April 1997 respectively.

Macarthur Water Treatment Plant

Client agency

Sydney Water Corporation.

Project description

The project requires the private sector to finance, design and construct, own, operate and maintain the water treatment plant in the Camden, Campbelltown and Wollondilly areas.

Private sector partners

Macarthur Water Pty Ltd consortium comprising of:
- Transfield Holdings Pty Ltd
- North West Water International Limited
- North West Water Group PLC.

Project details

Contract value: $123.1 million (Estimated Capital Cost at the time of the contract award).
Contract term: September 1993 to September 2030.
Operation began: September 1995.

Project variations

August 2018

Sydney Water and Macarthur Water reached agreement to upgrade the water filtration plant to ensure delivery of quality potable water in the Macarthur region.

10 October 2010

Sydney Water and Macarthur Water reached agreement on extending the Macarthur Water Filtration Agreement. The key aspects of the renegotiated contract include:

extension of the concession term for 10 years from 2020 to 2030
removal of the obligation for Sydney Water to purchase the plant at replacement cost in 2020
increased availability payment up until the end of term in 2030.

Prospect Water Treatment Plant

Client agency

Sydney Water Corporation.

Project description

The project requires the private sector to finance, design, build, own and operate the Prospect Water Filtration Plant (WFP) and the Prospect Supernatant Filtration Plant (PSFP) at Prospect Reservoir.

Private sector partners

Prospect Partnership comprising of:
- Lyonnaise (Prospect) Pty Ltd
- Lend Lease Water Services Pty Ltd
- P&O (Prospect) Pty Ltd.

Project details

Contract value: $200 million (Estimated Total Cost at the time of the contract award).
Contract term: 10 September 1993 to 1 December 2026.
Operation began: June 1996 (WFP) and January 2002 (PSFP).

Project details

31 January 2001

Upgrade to the Water Filtration Plant (WFP) was commissioned which involved the construction of the Prospect Supernatant Filtration Plant (PSFP). To provide the PSFP, Sydney Water entered into a Supernatant Filtration Plant-Delivery Agreement and a Restated and Amended Water Filtration Agreement with the Partnership. The $20 million PSFP project was completed and successfully commissioned on 11th January 2002. The PAFA guarantee was extended to cover the PSFP and reissued on 31 January 2001 for a 25-year concession period.

Rosehill Camellia Recycled Water Project

Client agency

Sydney Water Corporation.

Project description

The Project involves:

a connection to source secondary effluent from the Liverpool to Ashfield pipeline
construction of a pilot plant
construction of a recycled water treatment plant and associated assets
construction of a 20km recycled water distribution network, associated reservoirs and pumping stations.

The 7 Foundation Customers include:

Shell Refining (Australia) Pty Ltd
LyondellBasell Australia Pty Ltd
James Hardie (Australia) Pty Ltd
Boral Australian Gypsum Pty Ltd
Sydney Turf Club at Camellia
Visy Paper Pty Ltd
Marubeni Australia Power Services Pty Ltd in Smithfield.

The average demand for recycled water by the customers is 11.7 megalitres per day with expected peak day demand of 21 megalitres.

The Project Agreement provides for payment to be made on a monthly basis, linked to the recycled water produced, the recycled water consumed by the Foundation Customers as well as the potable water top up and back up volumes. Sydney Water has agreed to take or pay for an agreed 'base volume' of recycled water. The charge payable by Sydney Water is indexed by reference to increases in CPI.

Private sector partners

AquaNet Sydney Pty Ltd
Veolia Water Australia Pty Ltd
SPI Rosehill Network Pty Ltd.

Project details

Contract value: $130 million (Estimated Capital Cost at the time of the contract award).
Contract term: June 2009 to October 2031.
Operation began: October 2011.

Client agency

Transport for NSW (TfNSW).

Project description

The M7 base rent payable by Westlink M7 to TfNSW was monetised for a price of $174.2 million.
The monetisation involved a highly competitive sale process that attracted strong interest from both domestic and offshore parties.
Monetising the rental payments enables the Government to transfer some traffic risk to the investor and to raise funds for new infrastructure without increasing State debt.
All proceeds have been applied to the NSW Government’s contribution to the NorthConnex project.
There will be no changes to the underlying M7 contracts, to the operator’s obligations to operate and maintain the motorway, nor to the tolling regime as a result of the monetisation. The M7 Motorway and the M7 Motorway land will still be handed back to the Government in 2048.

Private sector partners

Rothesay Life.

Project details

Transaction date: 29 October 2015 Transaction proceeds – $174.2 million.

Bonnyrigg Living Communities Project

Client agency

Housing NSW.

Project description

The project involves:

The Bonnyrigg Living Communities Project will revitalise an 81-hectare housing estate within the western Sydney suburb of Bonnyrigg (generally bounded by Cabramatta Road, Bonnyrigg Avenue, Edensor Road and Elizabeth Drive) and includes:

design and construction of new infrastructure
design and construction of new social housing dwellings and private owned dwellings
rehabilitation of existing infrastructure
refurbishment of existing social housing dwellings
more than 2433 dwellings – cottages, townhouses and units located within the estate.

Private sector involvement included the responsibility for financing, planning, developing, designing, construction, refurbishment and maintenance of the public housing, as well as providing tenancy management services over a 30-year period.

In April 2013 property developer, Becton Property Group was announced to have gone into receivership. In early 2015, the Public Private Partnership (PPP) was ended.

Under a new arrangement, Urban Growth NSW continues the construction and delivery of stages 4 to 5 of the project and St George Community Housing (SGCH) continues to deliver tenancy management services.

Private sector partners

Newleaf Communities (formerly Bonnyrigg Partnerships) comprising of:
- Becton Property Group Limited (de-listed in August 2013)
- Westpac Banking Corporation Limited
- Spotless Property and Facilities Pty Ltd
- St George Community Housing Co-op Ltd (SGCH).

Project details

Contract value: $367.9 million (Present Value at time of contract award).
Contract term: 20 April 2007 to 28 February 2037.
Operation began: Stage 1 of the Project was completed in June 2010. 17 more stages are expected to be completed by 2020.
Closure of PPP: 2015.

Client agency

Sydney Olympic Park Authority (SOPA).

Project description

The project involved the private sector:

financing, planning, designing, constructing and commissioning of the stadium in its Olympic configuration, seating 110,000 people
reconfiguring the Stadium after the Paralympics to seat at least 72,000 for AFL matches and 76,000 for Rugby League, Rugby Union and soccer games
operating and maintaining the stadium until end of concession period.

Private sector partners

Stadium Australia Group (SAG) which is owned by the Diversified Infrastructure Trust (DIT), in turn owned by ANZ bank (36.9%) and a range of superannuation funds (63.1%).

Project details

Contract value: $615.2million (Estimated Capital Cost at the time of the contract award).
Contract term: November 1996 to 31 January 2031.
Operation began: 1 March 1999.

Project variations

20 December 1999

As part of the AFL and stadium “works facility” reconfiguration agreement the SOPA Loan Agreement was amended and restated to provide subordinated loans to fund the design and construction of the AFL Trustee Works (the SOPA AFL Facility) and reconfiguration of the Stadium seating from 110,00 people to at least 72,000 people.

1 July 2016

The NSW Government signed an agreement to acquire 100% of the outstanding shares in Stadium Australia Holdings Pty Limited. This business now retains the lease over ANZ Stadium until 31 January 2031.

ANZ Stadium is now owned by NSW Government via SOPA.

NSW Government awarded projects

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