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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.


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