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New schools on the agenda under PPP
Fifteen new schools will be built as part of a new public private partnership between Amber Infrastructure and the Victorian government.
Felicity Nelson
Firms: Herbert Smith Freehills (Amber Infrastructure); King & Wood Mallesons (financiers); Minter Ellison (Spotless); Piper Alderman (Watpac and Moores); HWL Ebsworth (YMCA)
Deal: Amber Infrastructure made a successful tender for a public private partnership with the Victorian government to build 15 new schools.
Value: $291 million
Area: Government
Key players: HSF’s team was led by partners Alan Rosengarten (pictured) and Erin Wakelin, supported by the firm’s projects delivery and project finance teams, including Amelia Fleming and Nile Rodman.
Deal significance:
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Amber Infrastructure is the sponsor in the Learning Communities Victoria consortium, which was selected to finance, design, build and then maintain the schools for 25 years. Other members of the consortium include architect ClarkeHopkinsClarke, builder Watpac, facilities manager Spotless and community partners YMCA and CERES.
According to a release from HSF, the schools will be built in some of Victoria’s fastest growing areas and designed to cater for their communities, with a range of facilities such as gyms, swimming pools, meeting places and childcare facilities also available to local families. The schools will also be designed to accommodate the needs of students with disabilities or with other additional needs.
Financing for the 15 new schools was provided to the consortium by Natixis and the Canadian Imperial Bank of Commerce.
