Firm: Corrs Chambers Westgarth (Pulse Consortium)
Deal: Corrs advised Pulse Consortium on its bid to deliver the Tunnels, Stations and Development PPP for Brisbane’s Cross River Rail Project.
Value: $5.4 billion
Area: Project infrastructure
Key players: The team advising Pulse Consortium was led by partners David Warren, Brad Robinson, Andrew Chew, Peter Schenk and Airlie Fox.
Deal significance: The Cross River Rail Project is Queensland’s priority infrastructure investment that will enable the additional network capacity required to operate higher frequency public transport that connects with other services to support network growth.
According to the firm, the Tunnels, Stations and Development PPP will be instrumental in delivering the underground section of the project, including tunnels and stations.
The Pulse Consortium includes Pacific Partnerships, Dutch Infrastructure Fund, BAM and Ghella. Corrs also advised on the design and construction (D&C) joint venture, comprising of CPB Contractors, Ghella, BAM and UGL Engineering.
Corrs was mandated to act for Pulse Consortium and the D&C JV across all aspects of the project, including contracts, due diligence and debt and equity financing.
Mr Warren said of the deal: “Corrs is proud to work with the Pulse Consortium and achieve financial close, the first of many milestones in the delivery of the Cross River Rail Tunnels, Stations and Development Project.”
“This is a significant piece of infrastructure for the State of Queensland and a wonderful achievement for the Pulse Consortium.”