12 Oct 2018

Plenary completes US$460 million refinancing of road PPP in Australia

Plenary Group has announced that it has completed a AUD646 million (US$458.5 million) refinancing of the Peninsula Link, a 27km toll-free road between Carrum Downs and Mount Martha in the south-east of Melbourne, Australia. In 2010, the state government of Victoria contracted the Southern Way consortium to finance, design, construct,

05 Oct 2018

Private parties invited to register interest in US$1 billion rail project in Australia

The Australian Rail Track Corporation (ARTC) has opened a Registration of Interest (ROI) process for the Inland Rail PPP project. This involves the design, construction, financing and maintenance of a 130km railway between Gowrie and Kagaru, in the northeastern state of Queensland. The project is part of the Inland Rail

19 Sep 2018

AUD15 billion rail project proposed by IFM Investors-led consortium in Melbourne

Melbourne is the capital of the Australian state of Victoria, located in the south-east of the country. A consortium of private investors has announced a detailed plan to develop a rail link between Melbourne Airport and the city’s Central Business District (CBD), with a total investment of AUD15 billion (US$10.76

03 Jul 2018

The future of the US–Australia alliance

Some have argued that the US–Australia alliance exists simply out of inertia or, worse yet, sentimentality. Shared sacrifice and longstanding habits of cooperation may play a role, but they’re not the basis upon which sovereign states determine their national interests. The value of the alliance is its preservation of something

01 Jun 2018

‘Big Australia’ should be an opportunity rather than a threat, says IPA

Australia’s strong population growth – which could result in an extra 20 million residents by the 2050s – should be seen as an opportunity to build world-class infrastructure rather than as a threat, according to the peak infrastructure industry body. But with infrastructure in the three biggest cities, Sydney, Melbourne

06 Apr 2018

Inland Rail PPP announced by ARTC for tricky Queensland track

The Australian Rail Track Corporation is advancing plans to deliver the Inland Rail in Queensland, announcing the appointment of a director to establish a public private partnership to build three key sections of the railway. ARTC appointed Tony Lubofsky to direct it through a public private partnership for construction of challenging sections of track

19 Dec 2017

Plenary’s Netflow closes first deal; Melbourne roads PPP

WestConnex bidder Netflow has wrapped up its maiden Australian deal. Netflow, which is owned by Plenary Group and Spanish infrastructure developer Cintra, hit financial close on a $900 million-odd debt deal to help fund Victoria’s Western Roads Upgrade project on Tuesday. It’s understood Plenary raised almost two thirds of the

31 Aug 2017

Cross River Rail to be delivered under public-private partnership

The tunnel, four new underground stations and other work associated with Cross River Rail will progress under a public-private partnership. Deputy Premier Jackie Trad made the announcement about the planned 10.2-kilometre rail link before addressing more than 600 industry members on Wednesday afternoon. But her media conference had only just

11 Aug 2017

Public-private entities, investors must unite for best airport

There has been a recent flurry of activity by the commonwealth regarding the planned construction and operations for the proposed Western Sydney Airport. The federal budget committed up to $5.3 billion in equity over 10 years to the Western Sydney Airport Corporation. Stage 1 involves a single runway catering up

23 Jun 2017

SA budget: $1.1bn to focus on boosting city service

Modernising Adelaide’s metropolitan hospitals is the centrepiece of a $1.1 billion pre-election budget package for health, which consumes half of this year’s record $2.2bn spending on infrastructure in South Australia. A spending commitment in the state budget of $918.5 million covers upgrades for big suburban hospitals, many in key marginal