The Mundaring Water Treatment Plant project was recognised with the “Government Partnership Excellence Award” by Infrastructure Partners Australia (IPA) at their Annual Infrastructure Oration and 2012 National Infrastructure Awards. The sixth annual IPA Awards were held in Sydney last week to honour the best in the industry.
Corrs Chambers Westgarth advised the Water Corporation of Western Australia on the A$306 million Mundaring Water Treatment Plant (MWTP).
The Corrs team advising included Alan Churley, Bev Kennedy, Phil Wilson, Reynah Tang, Rhys Jewell, Andrew Thrum, Tamim Rahman, Ali Souk, Marie Botsis and Marisa Tilli.
The MWTP represented the Water Corporation’s first privately financed infrastructure project and is only the second Public Private Partnership (PPP) in WA. According to IPA the MWTP was also “the first PPP awarded in Western Australian in over five years and contributes to meeting the State’s objective of diversifying financing sources for the development of infrastructure in WA.”
The Helena Water Consortium, which comprised of ACCIONA Agua, TRILITY, Royal Bank of Scotland Infrastructure Advisory, Lloyds Banks Corporate Markets and Brookfield Multiplex, entered into the PPP agreement with Water Corporation for the A$306 million water treatment plant at Mundaring. Financial close was reached in July 2011 and completion is due in 2013.
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