Gilbert + Tobin has acted for the lenders in a $400 million public private partnership (PPP).
The PPP involves the construction of a new water treatment plant (WTP) to upgrade the Mundaring Weir which supplies water to over 100,000 West Australians
G + T advised the lenders, Bank of Tokyo Mitsubishi, BBVA, BNP Paribas and WestLB, in what is the first time a PPP has provided a service to the Water Corporation.
Banking and finance partner Ros O'Mally led the G + T team supported by lawyers Katherine Best, Claire Poli and Jai Singh. Blake Dawson acted for the sponsors.
Helena Water were the preferred consortium awarded the contract to design, construct and manage the new WTP to be commissioned in mid- 2013.
Under the terms of the contract, Helena Water will run the WTP for 35 years after which it will be handed back to the Water Corporation.