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Sydney Metro secures PPP for next stage
Allens has assisted in the next stage of the major Sydney Metro project.
Naomi Neilson
Firm: Allens (Sydney Metro)
Value: $3.7 billion.
Area: Transport.
Key players: Allens was led by several teams within the firm. Projects was led by the lead partner Emma Warren, with assistance from partner David Donnelly, managing associate Paul Telford, senior associate Ben van Weel, associates Krystyna Lopez and Edward Thien, as well as lawyer Mai Mitsumori-Miller.
Banking and finance was led by partner James Darcy, and supported by the managing associate Matthew Meyerink, senior associate Teresa Campbell and lawyers Baz Banai and Sarah Delaney. The corporate team was led by partners Geoff Sanders and Wendy Rae, with assistance from senior associate Hannah Biggins and lawyer Ben Toscano.
Also assisting was environment and planning senior associate Emily Johnstone and Allens tax partner Adrian Chek.
Deal significance: The transaction involved multiple elements, including securing the refinancing and extension of the original PPP contract and raising debt and equity to finance it. It involved 35 different institutions for the senior debt and equity financing, including key global financiers, consortium members and major infrastructure investors.
Ms Warren said: “This transaction supports Australia’s biggest public transport project and was also Plenary’s largest ever refinancing.”
Sydney’s Metro Northwest Line is being extended into central Sydney by 2024, when the city will have 31 metro stations and a 66-kilometre standalone metro railway.
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly.
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