Corrs Chambers Westgarth has advised the Water Corporation on the A$300 million Mundaring Water Treatment Plant (MWTP), the second Public Private Partnership (PPP) in Western Australia.
Financial close of the MWTP has recently been reported by the Water Corporation. The MWTP represents the Corporation’s first privately financed infrastructure project and the reception of the project provides a positive outlook for the use of the PPP model for future greenfield projects.
The $300 million funding package for the MWTP was 85% debt under a 7-year club loan involving BTMU, BBVA, BNP Paribas and WestLB and 15% equity, split between Acciona Agua, Trility and Lloyds infrastructure fund Uberior Investments (the Helena Water Consortium).
The Corrs team included Alan Churley, Bev Kennedy, Phil Wilson, Reynah Tang, Rhys Jewell, Andrew Thrum, Tamim Rahman, Ali Souk, Marie Botsis and Marisa Tilli.
The MWTP will be commissioned in mid-2013.
The content of this publication is for reference purposes only. It is current at the date of publication. This content does not constitute legal advice and should not be relied upon as such. Legal advice about your specific circumstances should always be obtained before taking any action based on this publication.