Featured Jobs
India Legal Counsel - US MNC - New Delhi -2/02/2012
Construction/projects lawyer sought by this US MNC to head up their legal team covering India from their New Delhi office.
Project Finance: Junior Partner – Flexible Location -4/02/2012
A rare opportunity to join a highly rated team with immediate partnership a possibility for the right role.
TMT lawyer - well regarded UK firm - HK - 4 to 6 years PQE -7/02/2012
Market leading UK firm seeks mid-level TMT lawyer to join its Commercial team in Hong Kong.


South East Queensland schools PPP project

US$869.80 m
  • Entry date - Tuesday, 16 June 2009
  • Jurisdiction - Australia
  • Practice - PPP, Project Finance
  • initiative to build seven new state schools in South East Queensland

  • Firm
    Allens Arthur Robinson
  • Client
    National Australia Bank
  • Lead Lawyers
    Alan Millhouse, Phillip Cornwell
  • Role
    Legal adviser to senior construction lender
  • Firm
    Freehills
  • Client
    Queensland Government
  • Lead Lawyers
    Shaun McGushin
  • Role
    Legal adviser to state government
  • Firm
    Minter Ellison
  • Client
    National Australia Bank
  • Lead Lawyers
    Keith Rovers, Paul Paxton, Peter Block
  • Role
    FM operator, Legal adviser to sponsor, project documenting party
  • Firm
    Minter Ellison
  • Client
    Aspire Schools
  • Lead Lawyers
    Keith Rovers, Paul Paxton, Peter Block
  • Role
    FM operator, Legal adviser to sponsor, project documenting party
  • Firm
    Minter Ellison
  • Client
    Leighton Services
  • Lead Lawyers
    Keith Rovers, Paul Paxton, Peter Block
  • Role
    FM operator, Legal adviser to sponsor, project documenting party


DEAL SUMMARY

  • Deal involved project financing of initiative to build seven new state schools in South East Queensland

  • First use of 'supported debt model' developed by Queensland Treasury to lower overall debt cost for PPPs by having Queensland Treasury Corporation (QTC) agree to provide the 'risk free' portion of the funding for the operating phase of the Project, which was assessed to be around 70% of the capital cost

  • Financial close after Aspire Schools consortium (Commonwealth Bank and Leighton Infrastructure Investment) awarded contract to develop project

  • Deal closed 29 May 2009



Did you work on this deal? Let us know and we'll add your details. Email us here.