ANDREW Barr and Simon Corbell report that their brave new world of getting the private sector to build public infrastructure (in exchange for near-endless fees into the future) has taken another step closer to reality.
Six private sector consortia have submitted an Expression of Interest (EOI) for the ACT Law Courts Project.
Simon and Andrew say the level of interest in the project demonstrates the private sector’s confidence in conducting business with the ACT Government.
“The introduction of the Capital Framework and Guidelines for Public Private Partnerships (PPP) has established a solid basis for delivering complex infrastructure projects in the ACT,” Andrew said.
“The strength and number of interested parties bodes well for the future of PPP procurement in the ACT, and I am confident the process will deliver high quality and value for money.”
Expressions of Interest for the Law Courts Project were received from:
- Amber Infrastructure (Sponsor & Financial Adviser) with Richard Crookes Constructions (Builder) and Brookfield Johnson Controls (Facilities Management)
- Grocon Developments Group (Sponsor) with Grocon Constructors (Builder) and UGL Services (Facilities Management) and Brookfield Financial (Financial Adviser)
- Hindmarsh Development Australia (Sponsor) with Hindmarsh Construction (Builder) and Cromwell Property Group (Facilities Management)
- Investec Australia Limited (Sponsor & Financial Adviser) with John Holland (Builder) and Spotless Facility Services (Facilities Management)
- Laing O’Rourke Australia Construction (Sponsor & Builder) with Programmed Facility Management (Facilities Management) and Macquarie Capital Group (Financial Adviser)
- Plenary Group (Sponsor & Financial Adviser) with Watpac Construction (Builder) and Delta FM Australia (Facilities Management).
The EOI process opened on 10 July 2014 and closed on 16 August 2014.
A shortlist will now be selected to progress to the Request for Proposals (RFP) stage before a single private sector partner is engaged to design and construct the courts, providing maintenance and other support services over a 25 year period.
“The Law Courts project will deliver Canberra with court facilities that will meet the territory’s needs for the next 50 years in a more functional, flexible and sustainable way,” Simon said.
“I look forward to engaging in the next stages of procurement and delivery for this important and iconic piece of the ACT’s built environment.
“The high interest the market has shown in this PPP, the ACT’s first, is also a very positive sign for future government projects.”
The ACT Government will continue to work toward commencing the delivery phase with construction commencing before the election in 2016.