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‘World-class’ transport system to ease congestion
Gilbert + Tobin has advised Transport for NSW on the acquisition of a new transport management system set to ease congestion and improve customer journeys.
Emma Musgrave
Firm: Gilbert + Tobin (Transport for NSW)
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Deal: Transport for NSW (TfNSW) has acquired a new transport management system as part of the NSW government’s Intelligent Congestion Management Program.
Value: Undisclosed
Area: M&A, transport, technology
Key players: The G+T team was led by partners Lesley Sutton and Andrew Hii and supported by special counsel Melissa Fai and lawyers Kevin Stewart and Linda Baranov.
Deal significance: The acquisition by TfNSW comes after the NSW government announced that it would be undertaking an unprecedented level of investment in transport infrastructure and services as part of its 2018–2038 State Infrastructure Strategy.
According to a statement from G+T, the new system will leverage emerging technology and predictive analytics to deliver a transport management system that is capable of coordinating across all modes of transport in NSW. When implemented, it will be the first of its kind in the world, the firm said.
G+T partner Lesley Sutton said the project is part of the firm’s “long-term strategic partnership with the NSW government and the firm’s ongoing role in helping TfNSW build their digital capability and achieve their vision to develop the leading intelligent transport management system in the world”.
“We are delighted to have worked with the TfNSW team to deliver such an innovative project that will ultimately deliver more value and better transport solutions for the people of NSW,” Ms Sutton said.
“We were able to draw on our deep understanding of emerging technology and experience in advising on the implementation of digital systems across the public and private sector to structure this unique transaction.”
Commenting further, partner Andrew Hii said it was essential for TfNSW to establish collaborative relationships with private sector parties.
“Working closely with the TfNSW team meant we were able to maintain alignment with the critical success factors TfNSW identified for this system," Mr Hii said.
“It was critical that the contractual arrangements reflected the partnership model which TfNSW sought to establish with the private sector while ensuring that there are appropriate protections for TfNSW in terms of delivery, cost and performance risks.”
