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Three firms act on PPP project

Three firms act on PPP project

Gilbert + Tobin, Corrs Chambers Westgarth and Freehills have acted in a public private partnership deal for the financing of a new QEII medical centre car parking project in Western…

Gilbert + Tobin, Corrs Chambers Westgarth and Freehills have acted in a public private partnership deal for the financing of a new QEII medical centre car parking project in Western Australia.

G+T advised ANZ and Investec on the PPP which is one of the first PPPs in the WA market in recent times. The deal reached financial close in just over one month after the consortium was announced.

Freehills advised Capella Parking and Corrs acted for the State.

G+T banking and finance partner Ros O'Mally led a team comprised of banking and finance lawyers Adrian Chiodo, Gail Christopher and Adam Payne, and graduate Jason Shien.

"The most interesting aspect of this transaction was that it involved complex demand risk sharing arrangements between the State and the project company," said O'Mally.

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