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Five firms advise on $826 million rail financing
Norton Rose, Mallesons Stephen Jacques, Allens Arthur Robinson, Clifford Chance and Blake Dawson have advised on the expansion of Brookfield Rail’s Mid-West below ground rail infrastructure network in WA
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Firms: Norton Rose (Brookfield Rail), Allens Arthur Robinson (bank syndicate), Mallesons
Stephen Jacques and Clifford Chance (China Development Bank), Blake Dawson (EFIC)
Area: Finance
Value: $US882 million ($826 million)
Key players: Partner Alen Pazin (pictured) led the Norton Rose team together with lawyers Jennifer Ledger, Jessica Huston and David Varne
Deal significance: Brookfield Rail’s expanded track is a critical piece of infrastructure to enable iron ore from those projects to be transported to port for subsequent export, predominantly to China. This region is of broader economic and strategic significance to Australian export and trade, being the location of many PRC-supported magnetite projects. The involvement of a PRC policy bank, Canadian and Australian ECAs and a syndicate of both Australian and foreign banks required the involvement of the Norton Rose Group in Australia, Beijing, Hong Kong and Calgary.
