Major Projects & Infrastructure
Major Projects & Infrastructure » Social Infrastructure
Financial constraints on governments have constricted the pipeline of future social infrastructure projects that require government support.
Governments recognise the need to develop new, or upgrade ailing, social infrastructure but the continuing push to restrain public debt has kept the focus on tight margins and flexible, risk-appropriate structures.
Existing commitments are being honoured but governments’ unwillingness to accept significant additional borrowing commitments is impeding growth in the sector. Project participants must develop innovative and flexible structures that meet government’s ongoing push to minimise debt exposure.
This requires understanding which structures have framed successful Australian and overseas social infrastructure projects, knowing what a government wants to achieve and then developing tailored models that meet the social, financial and wider economic criteria that are key to successful social infrastructure projects.
Corrs’ depth of international and local experience in public projects provides the expertise to analyse, evaluate and explain the most complex structures, extract the useful elements and devise the best frameworks to deliver each type of social infrastructure venture – be it schools, hospitals, housing or prisons.
Our Experts
Our Experience
Bonnyrigg Living Communities PPP
The A$733 million Bonnyrigg Living Communities Project posed legal transactional obstacles with no Australian precedent. It was Australia’s first privately financed social housing project (and the first social housing PPP), involving both public housing and development and sale of private housing. Innovative methods of structuring the project vehicle were required to meet financial hurdles, including equity and debt arrangements. This project won the 2007 CFO Magazine “Project Finance Deal of the Year”. Corrs also received the 2008 National Infrastructure Award for “Advisory Excellence” from Infrastructure Partnerships Australia.
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Important infrastructure projects in Queensland are being hampered by outdated legislation which is in urgent need of reform.
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Eurozone crisis may have a silver lining for Australian infrastructure
The Eurozone crisis is of fundamental concern for global economic stability. How should Australia respond?
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Understanding both sides of the PPP
Public Private Partnerships have become an almost common method of facilitating the provision of large public infrastructure. But the two sides, though working together to achieve a common goal, have different needs and motivations. What can be done
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The public/private infrastructure conundrum
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There have been a lot of lessons learned about joint venture mechanisms since the GFC. But not about deadlock procedures, even though they’re now more important than ever.
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Solving the infrastructure dilemma – it’s all about sharing
Australia’s pressing need for infrastructure is well known. Government has less money and private enterprise has less appetite for risk. With these two factors a certainty, infrastructure experts at Corrs Chambers Westgarth agree change must come.
MoreOur Experience
Bonnyrigg Living Communities PPP
The A$733 million Bonnyrigg Living Communities Project posed legal transactional obstacles with no Australian precedent. It was Australia’s first privately financed social housing project (and the first social housing PPP), involving both public housing and development and sale of private housing. Innovative methods of structuring the project vehicle were required to meet financial hurdles, including equity and debt arrangements. This project won the 2007 CFO Magazine “Project Finance Deal of the Year”. Corrs also received the 2008 National Infrastructure Award for “Advisory Excellence” from Infrastructure Partnerships Australia.
Corrs assisted the Consortium to incorporate new planning methods and tenancy management techniques into their proposal. These enhanced the standard suite of PPP documents, while still mitigating both risk and liability. Corrs was also instrumental in facilitating the passage of legislation for financial close to occur.
Our Thinking
Solving the infrastructure dilemma – it’s all about sharing
Australia’s pressing need for infrastructure is well known. Government has less money and private enterprise has less appetite for risk. With these two factors a certainty, infrastructure experts at Corrs Chambers Westgarth agree change must come.
Dispute or deadlock? Be prepared.
There have been a lot of lessons learned about joint venture mechanisms since the GFC. But not about deadlock procedures, even though they’re now more important than ever.
The public/private infrastructure conundrum
Australia is lagging the rest of the world when it comes to infrastructure development. Governments aren’t in a position to provide the needed infrastructure all at once. Private enterprise is willing to help, but private enterprise wants certainty w
Understanding both sides of the PPP
Public Private Partnerships have become an almost common method of facilitating the provision of large public infrastructure. But the two sides, though working together to achieve a common goal, have different needs and motivations. What can be done
Eurozone crisis may have a silver lining for Australian infrastructure
The Eurozone crisis is of fundamental concern for global economic stability. How should Australia respond?
Infrastructure Reform in Queensland - Solutions for the 21st Century
Important infrastructure projects in Queensland are being hampered by outdated legislation which is in urgent need of reform.
Contractor beware: ICT contracting for PPPs
Governments are increasingly looking to public private partnerships to solve the ever growing demand for new hospitals in Australia.
Our Experts
Alan Churley
Partner Perth +61 8 9460 1660Andrew Chew
Partner Sydney +61 2 9210 6607Beverly Kennedy
Partner Melbourne +61 3 9672 3404Brad Robinson
Partner Melbourne +61 3 9672 3550Clare Corke
Partner Melbourne +61396723255David Warren
Partner Melbourne +61 3 9672 3504Gregory Hassall
Partner Brisbane +61 7 3228 9359Jeremy King
Partner Melbourne +61 3 9672 3431John Walter
Partner Melbourne +61 3 9672 3501Joseph Barbaro
Partner Melbourne +61 3 9672 3052Paul Carrick
Partner Sydney +61 2 9210 6353Peter Calov
Partner Sydney +61 2 9210 6215Peter Schenk
Partner Brisbane +61 7 3228 9869Robert Drake
Partner Sydney +61 2 9210 6135Robert Regan
Partner Sydney +61 2 9210 6620