Victoria is becoming the project finance place to be when it comes to rail projects, with the awarding of the PPP contract for the A$11bn (US8.7bn) Melbourne Metro Tunnel last week only the latest in the state’s metro rail projects.
Planning for a A$14bn (US$11.5bn) Western Harbour Tunnel and Northern Beaches toll road in Sydney is under way, according to leaked New South Wales government documents.
The Newcastle Coal Infrastructure Group (NCIG), which is owned by six coal companies in the Hunter Valley in New South Wales, has refinanced the three-year A$633m (US$484m) tranche of its A$1.6bn debt that was due next year.
The Victorian government is expected to make a decision this week on which investment bank has won the mandate to conduct a scoping study for the sale of its Land Titles office PPP.
Two Australian bidders are believed to be lining up against Chinese buyers for local water infrastructure owner and operator Trility Group.
Oil and gas company Cooper Energy is weighing up its options on securing A$200m (US$150m) to develop its Sole gas field in the Gippsland Basin off the coast of Victoria. The company is pursuing a dual-stream process to identify and secure the optimal financing for the Sole gas project and the options under consideration include senior bank project finance and senior secured bonds.
Neoen Australia has secured a 10-year plus power purchase agreement (PPA) from EnergyAustralia for the yet to be built 150MW Coleambally solar farm in the Riverina district of New South Wales.
Genex Power, which is looking for finance for Stage 2 of its hydro pumped storage and solar projects at the Kidston mine in Queensland, has received approval from the Northern Australia Infrastructure Facility (NAIF) to proceed to the full due diligence phase.
German renewable power developer Wirsol Energy and local company Renew Estate plan to develop a 1GW pipeline of new solar projects.
Apollo Global Management is the latest entrant in the bidding for Engie and Mitsui’s Loy Yang B coal-fired power station in Victoria.
State governments will have to recognise PPP projects on their balance sheet from January 2019 as a result of new accounting rules that will apply to assets built and controlled by governments, such as toll roads, tunnels, prisons, schools and hospitals.
Australian infrastructure fund Lighthouse Solar has bought its second solar farm in Queensland, a 22.5MW project currently under construction in Hughenden in the state’s north.
The Australian government’s US$3.4bn Northern Australia Infrastructure Fund (NAIF) is considering providing project finance debt for a possible toll road in the country’s Far North.
The new Royal Adelaide Hospital is due to open in September now that all the technical difficulties have been resolved and the hospital has been handed over to the government.
Spanish toll road company Globalvia is considering submitting a bid for the New South Wales government’s 51% share of the WestConnex toll road in Sydney. Executives from the company are reported to have held meetings with the government and local lenders in Sydney over the past month.