Project finance in Australia

Allens

The Allens team is entrusted with many of the most significant projects in the transport, energy and telecoms markets due to its breadth of financing expertise and a reputation for 'getting the deal over the line'. Michael Ryan heads the project finance practice, working with David Donnelly who leads the infrastructure and transport team. Ryan's practice encompasses project and acquisition finance, acting for borrowers and financiers on projects in the power, utilities, transport and social infrastructure sectors. Rob Watt, Phillip Cornwell and Scott McCoy are some of partners in one of the largest teams in the market which offers end to end financing assistance including capital markets issuances and PPP refinancings.

Practice head(s):

Michael Ryan

Testimonials

The team is hard working, commercially-minded and committed to getting the deal over the line.’

They are easy to approach and work through issues in a collaborative way to get the deal done.’

Scott McCoy is pragmatic and commercially minded and works well with other parties and advisers to get the deal done under pressure.’

Key clients

Australian Renewable Energy Agency

Capella Capital

First State Super

GEO Group

H.R.L. Morrison & Co

Macquarie Capital

NSW Treasury

Pacific Partnerships

Plenary Group

Transurban

Work highlights

  • Advised the lending syndicate including Sumitomo Mitsui Banking Corporation; Macquarie Capital (Australia) Ltd on the A$700m project financing of Australia’s first commercial-scale waste-to-energy facility, the Kwinana facility.
  • Advised the First State Superannuation Scheme on the A$1.7bn financing for its successful bid for a 40 year concession to operate the Victorian Land Titles & Registry Office.
  • Advised a syndicate of 22 financiers on the refinancing of the $2.5bn senior project financing facilities for the $3.5bn Wiggins Island Coal Export Terminal.
  • Advised the financiers on the $4.25bn partial refinancing of the project finance facilities provided to Australia Pacific LNG Processing Pty Limited.

Ashurst

Located on the east and west coast, Chris Redden, Matthew Bubb, David Mason, Simon Irvine and Gaelan Cooney are the lead lawyers at Ashurst, a team that is considered 'unique in the bespoke niche skills base of its partners'. Redden is also highlighted for his international experience. The team advises on mega projects valued in the billions of dollars, such as public transport, motorway projects, a multi-cargo port development and a range of power utilities financings. In a transaction worth A$1.5bn over 30 years, it is advising Phoenix Energy on the project financing (and development) of a large-scale waste-to-energy project – the Kwinana project in Western Australia.

Practice head(s):

Chris Redden; Matthew Bubb; David Mason; Simon Irvine; Gaelan Cooney

Testimonials

Ashurst appears as a single provider. That is, we deal with different Ashurst teams in different locations, but they communicate directly with each other and follow up together to provide us a consolidated service.’

The individuals I work with have a good balance between discussing an approach to an issue and getting on with things to close them out. They are approachable, contactable and knowledgeable in the issues we are dealing with.’

What makes this practice unique is the bespoke niche skill base of Partners such as Chris Redden.  Chris’s team’s strength lies in its ability to deliver when it matters. This is not always the case for other similar firms.’

Chris Redden’s deep knowledge of the documentation and structuring of reserve base loans puts him ahead of many of his peers.  This experience comes from international work in London and other locations. This sets him and his team apart.

Key clients

Transport for NSW

Sydney Trains

State of NSW

Sydney Motorway Corporation

Aquasure Finance Pty Ltd

Australian Unity

Asian Development Bank

Edify Energy

Endeavour Energy

NSW Land and Property Information

Kidston Solar

Bank of South Pacific

Wiggins Island Coal Export Terminal

Newcastle Coal Infrastructure Group Pty Limited

Fiji National Provident Fund

Metro Mining Limited

Clean TeQ Holdings Limited

Sheffield Resources Limited

Thunderbird Operations Pty Ltd

Work highlights

  • Acting for Wiggins Island Coal Export Terminal which had raised about A$4bn of debt in the project finance market. Most recently advising on restructuring its approximately US$4bn funding arrangements with senior lenders, mezzanine note holders and redeemable preference shareholders
  • Acting for a syndicate of lenders and swap providers on the project financing for Murra Warra Wind Farm Stage One in a deal valued at close to A$600m.
  • Continuing to advise National Airports Corporation on the Port Moresby International Airport PPP.
  • Advised Sheffield Resources Limited on the project financing of its large scale, high grade Thunderbird mineral sands project in northern Western Australia.

Herbert Smith Freehills

The 'exceptional' Erin Wakelin is the highly respected head of Herbert Smith Freehills' project finance team and is especially in demand for the more complex transactions. The team, which includes Gerard Pike and Andrew McLean is well rated for its abilities across all financings relating to transport, energy and resources markets, social and economic infrastructure and PPPs. Elizabeth Charlesworth is notable for her 'great knowledge of project finance as it applies to renewable energy' and executive counsel Amelia Fleming  has of late advised on a range of financings in the social infrastructure and power sectors.

Practice head(s):

Erin Wakelin

Testimonials

The HSF project finance team has demonstrated tremendous leadership and support in a recent complex multi party transaction.The team are respected industry leaders and provide exceptional transaction support in addition to specific legal advice and counselErin Wakelin and her associates consistently demonstrate these qualities in extremely complex matters.’

Really high quality individuals. Deep sector knowledge. Consistent excellent service. Able to turn issues around really quickly.’

Erin Wakelin – excellent service. Always prepared to turn matters around in a timely manner. Always commercial. Exceptional, stand-out knowledge of the sector; super responsive and available; very commercial.

Elizabeth Charlesworth has terrific knowledge of the sector, deep and relevant experience of renewable energy issues; great knowledge of project finance as it applies to renewable energy.

Key clients

PowerChina and Goldwind

Momentum Trains Consortium

CIMIC

NSW Department of Family and Community Services

Australian Renewable Energy Agency

Tilt Renewables

Commonwealth Bank of Australia and Westpac Banking Corporation

Lendlease

Synergy

Pacific Hydro

Macquarie Capital

Airport Motorway Limited

Boco Rock Wind Farm Pty Ltd

Total Eren

ANZ

MUFG Bank

Work highlights

  • Advised Goldwind Australia and Powerchina on various aspects of the 150MW Cattle Hill Wind Farm in Tasmania including environment and planning, grid connection, procurement and project financing.
  • Advising the CIMIC group led Link Road Partners consortium and the IFM led consortium on its bid to acquire a 51% interest in the WestConnex motorway including extensive due diligence on the WestConnex concession, construction and O&M contracts and funding arrangements.
  • Advised the Commonwealth Bank of Australia and Westpac Banking Corporation on the project financing of Darlington Point Solar Farm.
  • Advised the financiers on the project financing of Goldwind Australia’s 530MW Stockyard Hill Wind Farm in Victoria.

King & Wood Mallesons

King & Wood Mallesons is admired for being 'a deep team that is across almost the entire market and is very rarely not involved in a deal.' Claire Rogers heads the project finance team and working with managing partner Craig Rogers and the infrastructure sector leader Mark Upfold, delivers on complex national and international transactions such as the greenfield bond financing PPP in respect of the Western Roads upgrade project. Jeff Clark, Chris Dynon, Rebecca Finkelstein and senior associates Catherine Danne and Amy Maguire are among the recommended practitioners; Rogers and Finkelstein are both considered 'stand-out partners'. It provides the gamut of financing skills for projects in addition to acquisition and leveraged finance and financial restructures and workouts.

Practice head(s):

Claire Rogers

Testimonials

A responsive team with hands-on input from senior levels leading to pragmatic solutions. Other firms delegate commercial negotiations which can lead to sub-optimal outcomes‘.

A deep team that is across almost the entire market, very rarely is KWM not involved in a deal. Able to pull together a highly skilled team in a short time frame and deliver a high quality and very commercial product.’

Demonstrably excellent legal skills are a given but what distinguishes the KWM practice is their ability and willingness to provide their key commercial knowledge gained from years of experience to benefit of the client. They are truly trusted advisers.’

Claire Rogers and Rebecca Finkelstein are the stand out partners in the PF practice. They are hands-on, commercial and pragmatic, smart, and work well but assertively with the other side’s counsel. They are ably supported by Amy Maquire, a mature and diligent senior associate.

Jeff Clark is known and trusted by every bank in the market, is able to develop pragmatic solutions to difficult issues quickly and efficiently.

The primary and compelling attraction for me was the personalised service we got from the partner in charge of our matter, Jeff Clark. He was ably supported by Simon Brown who also provided exemplary service. His advice is thoughtful, clear, commercially sensible and pragmatic.’

Rebecca Finkelstein is one of the most talented and hard working partners in Australia. Her attention to detail is unparalleled and yet her capacity to bring together all the pieces of  complex financings from a commercial and legal perspective is not adversely affected. Rebecca can see the trees and yet to deliver the wood.’

Catherine Danne is the hardest working SA in the market, very detail focused and delivers for clients.’

Key clients

Australian Super

Aurizon Holdings Limited

Australian Rail Track Corporation

Brookfield

Carlyle Global Infrastructure

Cheung Kong Infrastructure

CIMIC

Clean Energy Finance Corporation (CEFC)

Gladstone Ports Corporation

Hastings Funds Management

IFM Investors

Landbridge

Lendlease

Macquarie

Pacific Hydro

Plenary

Qube Holdings

RBS

Sydney Motorway Corporation

Sydney Water

Transurban

Transurban Queensland

Westside Corporation

Work highlights

  • Acted for the Sydney Transport Partners consortium, which comprised Transurban, AustralianSuper, the Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority, on the financing of Stage 3 of WestConnex.
  • Advised a syndicate of international banks on financing Momentum Trains as the successful bidder on the A$2.8bn project to design, build, finance and maintain the new regional rail fleet and purpose built maintenance facility in Dubbo.
  • Acted for the Sydney Transport Partners consortium, which comprised Transurban, AustralianSuper, the Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority, in their successful AU$9.3 billion bid to acquire 51% of the WestConnex project, and the subsequent refinancing of Stage 1.
  • advised a syndicate of banks on all aspects of the financing transaction which involved a circa NZ$750m syndicated facility agreement.  Also advised the hedge banks on the various interest rate hedging requirements.

Allen & Overy LLP

Allen & Overy LLP provides the full suite of finance capabilities to project developers including leveraged and acquisition finance, refinancing and  capital markets expertise. 'A good operator' Adam Stapledon co-heads the practice with Peter WilkesJames Abbott specialises in syndicated, export credit agency-backed, and multi-source debt financing; David Christensen has an international practice advising sponsors and lenders on the gamut of financing options. The team's domestic and international practice has a strong focus on  energy and resources projects including renewables.

Practice head(s):

Adam Stapledon; Peter Wilkes

Other key lawyers:

James Abbott; David Christensen

Key clients

Palisade Investment Partners

Macquarie Infrastructure and Real Assets

EMR Capital

Capricorn Copper Pty Ltd

Pilbara Minerals

Fluence Energy

Fortescue Metals Group

Port of Melbourne

ARENA (The Australian Renewable Energy Agency)

Work highlights

  • Advised ANZ, BTMU and Westpac in connection with the development of a 112MW Granville Harbour Wind Farm in Tasmania.
  • Advised Palisade Investment Partners on the acquisition of the remaining 50% interest in the Port of Portland, the deal was structured to maximise the value of existing pre-emptive rights in favour of Palisade.
  • Advised a client on a new revolving credit facility to finance the acquisition of a leasehold interest over the Dalrymple Bay Coal Terminal, to fund expansion works and non-expansion capital works in Australia.

Clayton Utz

The Clayton Utz group 'can deliver under extreme pressure' and is also highlighted for its PPP capabilities in respect of extensive infrastructure projects. It is headed by Bruce Cooper in Sydney and Sergio Capelli in Brisbane. Cooper specialises in project finance and infrastructure work acting for lenders and borrowers on projects in an array of sectors. Peter Staciwa is also an expert not only in project finance but also leveraged and acquisition financings – he led the team who acted for APLNG and its sponsors on two USPPs and a bank refinancing facility worth a total of $4.55bn for the project.  Alan Maguire advises on the development and financing of major projects in the resources, infrastructure and energy sectors and has handled a number of PPPs. Other key advisors include Marcus Davenport and special counsel Virginia Owen in the banking and finance team, who is also noted for her financing and PPP expertise.

Practice head(s):

Bruce Cooper; Sergio Capelli

Testimonials

They can deliver under extreme time pressure and have the ability to understand complexities and drivers of the client.’

Alan Maguire, Sergio Capelli, Chris Keane – responsiveness and understanding of contextual circumstances.’

The Clayton Utz project finance team have a strong capability in the PPP sector. They run an effective process and demonstrate a depth of understanding of the commercial framework, also house positions and prevailing precedent.

The disciplined approach and efficient process established during a bid or transaction positions the Clayton Utz PF team amongst our preferred firms.

Marcus Davenport is a focussed and dedicated partner that provides strong leadership and effectively manages his team. He is an effective problem solver, establishes solid relationships with consortium participants and is available to drive the commercial outcomes.’

Virginia Owen is recognized as a valuable and effective member of the Clayton Utz team.’

Key clients

Department of Treasury and Finance & Western Distributor Authority

North East Link Authority

Transport for NSW

Roads and Maritime Services

Cross River Rail Delivery Authority

Queensland Government – Treasury Commercial Group (formerly Projects Queensland) / Department of Transport and Main Roads

Australian Pacific LNG

Copenhagen Infrastructure Partners

Commonwealth Bank of Australia

Pierfront Capital

Australian Capital Territory Government (represented by Capital Metro Agency, now Transport Canberra and City Services)

Sun Brilliance

Tianqui Lithium

Work highlights

  • Acted for the Department of Treasury and Finance & Major Transport Infrastructure Authority on the delivery of the A$6.7bn West Gate Tunnel which included advising on the restructuring of the project funding.
  • Acted for Roads and Maritime Services in respect of the WestConnex project which included innovative procurement and funding models –  the design and construction contracts were separately procured from the debt finance to achieve the State’s delivery timetable.
  • Advised Windfield Holdings Pty Ltd in respect of the refinancing and upsizing of its US dollar project financing from $370m to $770m. The project finance was guaranteed by several related entities of Windfield.

Gilbert + Tobin

John Schembri is the highly respected head of the Gilbert + Tobin team which is acknowledged for the breadth of its finance expertise. He and the 'excellent' Alexander Danne take on complex infrastructure projects and project financings in the energy, mining and transport infrastructure areas advising corporates and domestic and international lenders and sponsors. In addition to project finance, Simon Lynch's experience spans broader financings including LBOs, acquisition financings and workouts. Junior partner Adela Smith also has a track record advising on energy infrastructure financing and seasoned partner Peter Doyle has joined the group from King & Wood Mallesons adding his wealth of experience.

Practice head(s):

John Schembri

Testimonials

The team is able to do a good cross section of work, working as bank advisors and as sponsor advisors.  They have a great mix of legal skills and commerciality.’

Alex Danne is an excellent lawyer with a good mix of practicality, commerciality and technical skills.’

The practice is fresh and practical but also experienced.

Key clients

Veolia

Jadestone Energy Inc

Westpac Banking Corporation

National Australia Bank

Commonwealth Bank of Australia

Alinta Energy

Tilt Renewables Limited

Viva Energy Group Limited

HRL Morrison

New Hope Corporation Limited

AET and Plenary Group

Goldman Sachs

Work highlights

  • Acted for Veolia Environmental Services (Australia) Pty Ltd  on a ground-breaking project for a new A$450m waste-to-energy facility in Western Australia including the project finance.
  • Advised Jadestone Energy Inc on its 100% acquisition of the Montara oil project from PTT Exploration and Production Company Limited utilising a $120m senior  reserved based lending debt facility provided by Commonwealth Bank of Australia and Société Générale in order to partially fund the acquisition.
  • Acted for lenders to Tetris Capital in relation to a highly structured deal to construct and maintain purpose-built student accommodation for the University of Tasmania.
  • Advised the Financiers, Westpac Banking Corporation and The HongKong and Shanghai Banking Corporation Limited (Sydney Branch), in this transaction in which various facilities were advanced to Flinders Ports to 1) refinance existing debt under two bilateral facilities also provided by the Financiers and 2) for general corporate purposes (including capital expenditure).

Minter Ellison

The Minter Ellison group provides acknowledged, all-encompassing expertise on projects involving large-scale transport, energy, resources and social infrastructure projects. One of the largest independent firms in Australia, it also has a strong international referral network and its panel appointments include a number of international banks. Peter Block and Paul Paxton offer a wealth of experience in the delivery of projects in areas including education (university developments), defence, power and telecoms. This is in addition to large transport projects such as acting for Major Road Projects Authority on the suburban roads upgrade programme in Melbourne which included a greenfield PPP to be financed by a hybrid bank/bond structure. Daniel Marks is another of the senior advisors who advises financiers and government clients on major PPPs and capital structures for significant infrastructure projects.

Practice head(s):

Peter Block; Paul Paxton

Other key lawyers:

Daniel Marks

Key clients

State Governments and various State government entities

Lendlease

CIMIC

John Holland

Dexus

AMP

Mirvac

Zurich

Challenger

Cushman & Wakefield

Work highlights

  • Advising the AMP, Macquarie Capital and Spotless Services consortium on its successful bid for the University of Melbourne student accommodation portfolio which involves the funding of two landmark residences.
  • Advised the Victorian Government on all aspects of the A$2.86bn  commercialisation of the land titles registry business of Land Use Victoria, the State’s land titles registry which involved granting a 40 year concession to First State Super and funded by limited recourse finance.
  • Advising Perseus Mining Limited on structuring and obtaining funding of $150m from a syndicate of financiers for the development of the Yaouré gold project in Côte d’Ivoire, West Africa, this included the refinancing of existing project finance facilities.

Norton Rose Fulbright

Jo Crew heads the Norton Rose Fulbright project finance and infrastructure group from Melbourne. The team advises sponsors, financiers, infrastructure funds, government departments and corporates on the financing of major transport, energy and social infrastructure projects. Crew has led teams on projects relating to the Sunshine Coast University Hospital, the Ararat Wind Farm and Melbourne University's student accommodation expansion. Rob White, Alen Pazin (Perth) and Lisa Koch are other key team members.

Practice head(s):

Jo Crew

Other key lawyers:

Rob White; Alen Pazin; Lisa Koch

Key clients

Westpac Bank

National Australian Bank

Commonwealth Bank

Australia and New Zealand Banking Corporation

SMBC

ABN Amro

Clean Energy Finance Corporation

Mizuho Bank

Natixis

Crédit Agricole

Macquarie Capital

Dutch Infrastructure Fund

AirTrunk Pty Ltd

University of Wollongong

Perth Airport Pty Ltd

Maoneng Australia

Capella Capital

CWP Renewables

Work highlights

  • Advised Dutch Infrastructure Fund on investing in the Kwinana Waste to Energy plant.
  • Advised Roads and Maritime Services in relation to the refinancing by the Transurban-owned operator of the Eastern Distributor Road PPP in Sydney of an A$226m  tranche of its existing limited recourse bank debt with new limited recourse bank debt.

White & Case LLP

The team at White & Case LLP 'is trusted by the market to deliver'. Leading finance practitioner Brendan Quinn undertakes mandates across Asia, especially in the renewables sector and Josh Sgro  can handle large-scale, demanding projects in the transport sector. 'One of the most well-regarded and capable lawyers in finance in the Australian market' Joel Rennie's expertise includes transactions involving export credit agencies and international sponsors; he has acted on numerous matters in the energy sector. The team is well positioned to undertake cross-border work and covers every aspect of the life of projects; Andrew Clark, Alan Rosengarten and Joanne Draper are other senior members of the team with strength in project development, construction and dispute resolution.

Practice head(s):

Brendan Quinn

Testimonials

A highly regarded, deeply experienced team that is able to offer a full service product and deliver in short time frames. The team knows how to get a deal done.’

Joel Rennie is one of the most well-regarded and capable lawyers in finance in the Australian market with strong commercial focus and deep relationships with lenders and borrowers. They are trusted by the market to deliver.’

Key clients

Melbourne Metro Rail Authority

Star of the South Wind Farm Pty Ltd

Laing Investments Management Services (Australia) Limited

Commonwealth Bank of Australia

Neoen Australia Pty Ltd

Perdaman Chemicals and Fertilisers Pty Ltd

FRV Services Australia Pty Ltd

John Holland Pty Ltd

Copenhagen Infrastructure Partners (CIP)

Esco Pacific Pty Ltd

Transurban Limited

HRL Morrison

Société Générale

Macquarie Group

Australia and New Zealand Banking Group

National Australia Bank

Work highlights

  • Acting For Perdaman Chemicals And Fertilisers Pty Ltd in relation to all aspects of the development, financing, long-term gas supply and long-term offtake for the $4bn Urea Plant to be located on the Burrup Peninsula in Western Australia.
  • Advised Laing Investments Management Services (Australia) Limited on its equity investment in the Sunraysia Solar Farm.
  • Acting for InterGen (Australia) Pty Ltd and the financiers in relation to the refinancing of the Millmerran power station.
  • Acting for FRV Services Australia Pty Ltd (a subsidiary of global developer Fotowatio Renewable Ventures) in relation to the development and project financing of the Winton Solar Farm, a 98.8 MW solar project located in Victoria.

Baker McKenzie

Baker McKenzie has a strong focus on the financing of renewable energy projects and also has a dedicated renewable energy and clean technology industry group. A number of the banking and finance team are dedicated to energy financing matters and it acts for a global roster of investors in this sector. Anthony Whelan and Michael Kunstler head the practice and dual qualified Sean Duffy (Australia and New York) acts for sponsors, financiers, contractors and governments on large-scale transactions, restructurings and project financings. David Cooper is also a name to note for his broad financing experience.

Practice head(s):

Anthony Whelan; Michael Kunstler

Other key lawyers:

Sean Duffy; David Cooper

Key clients

Built Environs WA Pty Ltd

SolarReserve

Keolis Downer

ASC Shipbuilding Pty Ltd

ALDI

Cbus Property

Genex Power Limited

University of Technology Sydney

Monash University

Lendlease

Work highlights

  • Acted for Global Power Generation (Naturgy) on its bid to tender its 180.6 MW Berrybank Wind Farm and its successful award under the Victorian Reverse Auction Scheme. Also advised on the project financing of the construction of the Wind Farm under an innovative financing structure with a non-bank lender.
  • Acting for Genex Power Limited, as sponsor in respect of the development, equity investment and financing of the Kidston renewable energy hub.
  • Represented  the syndicate of incoming financiers on the successful refinancing of the approximately A$500m debt facility in relating to Malakoff Corporation Berhad’s 50% unincorporated JV interest in the Macarthur Wind Farm.

Clifford Chance

Australia managing partner Richard Gordon who heads the banking and finance team at Clifford Chance is highlighted for his 'immense experience' and strong team leadership. His project finance expertise is well rated; he advises domestic and international lenders and borrowers on the financing and refinancing of transactions in various energy sectors and transport. Nadia Kalic provides broad corporate and project development support to clients and associates Philip Sealey and Chad Bochan are active on the financing of energy projects.

Practice head(s):

Richard Gordon; Philip Sealey

Other key lawyers:

Nadia Kalic; Chad Bochan

Testimonials

A very strong and experienced small team with terrific client focus.  Very good problem solvers with strong analytical bent. Excellent at explaining their points and finding common ground to solve problems during negotiations.’

Richard Gordon leads the team strongly. He has immense experience and is always available when his input is required. He has very fantastic support from Chad Bochan(particularly) and Nadia Kalic. Each of them is capable of leading a deal in their own right.’

Key clients

Three syndicates of Australian and international financiers

Macquarie, Ørsted (previously known as DONG Energy) and Swancor Rewewable Energy

Lenders in relation to the financing of the Tailem Bend Solar Farm

Japan Bank for International Cooperation, The Export-Import Bank of Korea and the Mandated Lead Arrangers

Lenders on the financing of the 189MWp Coleambally solar farm

Macquarie Infrastructure and Real Assets Holdings Pty Limited Public-Sector Pension Investment Board and Sunsuper Pty. Ltd consortium

Work highlights

  • Advised three syndicates of Australian and international financiers to the Sydney Transport Partners consortium on its A$9.3bn  acquisition from the New South Wales government for a 51% majority stake in WestConnex.
  • Acting for the sponsors, Macquarie, Ørsted (previously known as DONG Energy), and Swancor Rewewable Energy on the development of the Formosa I Offshore Windfarm.
  • Advised the lenders in relation to the financing of the construction of the Tailem Bend Solar Farm in South Australia.
  • Continues to advise JBIC, K-EXIM and the other lenders in relation to the financing of a 1200MW coal-fired IPP in Nghi Son, Vietnam, sponsored by Marubeni Corporation and Korea Electric Power Corporation.

Corrs Chambers Westgarth

Corrs Chambers Westgarth is home to a 'commercial, diligent and proactive' project finance team. It acts for a range of state government, banking and corporate entities on the financing and PPPs in relation to energy, mining, transport and social infrastructure projects; its mandates range from LNG and road projects to those relating to hospitals or student accommodation developments. Rommel Harding-Farrenberg is considered a 'go-to' for project finance and Clare Corke is also highlighted for her finance capabilities. Matthew Muir and Andrew Stephenson who co-head the project team and Vaughan Mills  are also noted.

Practice head(s):

Rommel Harding-Farrenberg

Testimonials

The Corrs Chambers project finance team are commercial, diligent and proactive. Importantly, they are also balanced and interesting to work with; which is important given the scope of some of the transactions we have worked together with the Corrs team on.’

Rommel Harding-Farrenberg is a thoughtful, experienced and respectful partner, who is not afraid to give direct and straight forward advice. He is our go-to legal professional when seeking project finance expertise.’

The Corrs team retain an amazing recollection of contracts they wrote years ago, understanding the situation and how the contract clauses still apply today. Very flexible and understanding of our position, looking out for our interests.’

Clare Cork and Vaughan Mills have been instrumental in our contracts. The knowledge they have is essential to obtaining value for money in dealing with Corrs, which includes explaining things to our management in language that is plain, as well as protecting our position in regard to complex transactions.

Key clients

ANZ Banking Group

Australian Paper

CBA

CIMIC Group

CPB Contractors

Dacian Gold

Macquarie

Mirvac

NAB

Oil Search Limited

Pacific Partnerships

Panterra Gold

Queensland Government

Queensland Health

SGCH Portfolio Ltd

SGCH Sustainability Limited

Summer Housing

UGL

Victorian Government

Work highlights

  • Representing Queensland Health on the A$1.8bn Sunshine Coast University Hospital Project, which is Queensland’s first public hospital PPP, including a recent refinancing.
  • Advisors to Cross River Rail contractors/Pulse consortium on the  delivery of the tunnel, stations and development and the PPP package of the Cross River Rail project in Brisbane.
  • Representing an ANZ-led syndicate of financing banks on all aspects of Stage 1 of the circa A$1.2bn  development of Far East Consortium’s Ritz Carlton hotel, residential and mixed-use “West Side” development in Melbourne.
  • Advising Australian Paper on partnering with Suez and obtaining project finance for Victoria’s first planned energy-from-waste facility, which will generate 225MW of electricity.

DLA Piper

The team at DLA Piper handles a range of financings, both onshore and overseas. Hugo Thistlewood acts for financiers and borrowers on transactions involving an array of industries including retail, real estate and  transport. Alex Regan has long-standing experience of project financing in addition to leveraged and acquisition finance, while David Lyons, who joined from Herbert Smith Freehills in December 2018, provides additional strength to the team. Kate Papailiou's work includes leading the team advising Transport for New South Wales on all aspects, including the financing, of the A$1bn billion project to replace the entire New South Wales regional rail fleet. Onno Bakker is the national head of finance, projects and restructuring and the financial services sector.

Practice head(s):

Onno bakker

Key clients

Washington H Soul Pattinson

PGIM Real Estate

Broadspectrum Pty Limited

Vena Energy Services (Australia) Pty Ltd

Bothar Boring group of companies

Transport for New South Wales

Palisade Investment Partners Limited

Sacyr Environment Australia Pty Ltd

Asian Development Bank

Ministry of Healthcare,  Government of Kazakhstan

Castalia Limited and the Government of the Solomon Islands

Essential Energy

Pramerica Investment Management (Australia) Pty Ltd

Excel RE Holdings Pty Ltd as trustee of the Excel RE

Paringa Resources Limited

Kalium Lakes

Destination Brisbane Consortium

RATCH-Australia Corporation Limited

Australian Renewable Energy Agency

Campus Living Villages

Work highlights

  • Advised Vena Energy on its development of a 127 MW solar farm and 132/3Kv substation at Tailem Bend including the finance documents.
  • Advising the Asian Development Bank and Ministry of Healthcare of the Government of Kazakhstan in relation to the development of a general clinical hospital with 300 beds at the Karaganda State Medical University located in Karaganda city, Kazakhstan.
  • Advising Castalia Limited and the Government of the Solomon Islands  on the establishment of their PPP programme.
  • Acting for the Pramerica Investment Management (Australia) Pty Ltd, the senior financier on funding the development of precinct known as the Howard Smith Wharf area in Brisbane.