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Top firms bring home SA's biggest PPP
Freehills has advised the successful consortium, SA Health Partnership, on the new $1.85 billion Royal Adelaide Hospital PPP project which has been described as the single largest infrastructure…
Lawyers Weekly
Freehills has advised the successful consortium, SA Health Partnership, on the new $1.85 billion Royal Adelaide Hospital PPP project which has been described as the single largest infrastructure project in South Australia's history.
SAHP raised over $2.5 billion in long-term debt to help finance the project which will ultimately create a new world-class hospital which will service over 80,000 patients a year.
The Freehills team was led by partner David Templeman, along with partners Melita Cottrell and Baden Furphy, and senior associates Andrew Griffiths and Nick Baker.
Templeman said it had been a challenging and rewarding process involving sophisticated project finance structures, and complex service provision, which cut across a variety of legal areas.
"The project includes over $300 million in private equity investment in addition to long-term debt from a diverse group of Australian and international banks," he said. "It is very satisfying to work on a project that will result in such a wonderful asset for the people of Adelaide and South Australia."
Clayton Utz acted for the state and Allens Arthur Robinson acted for the lenders.
