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ARTICLE · 16 MARCH 2011

Full steam ahead for Adelaide to Darwin railway

Clayton Utz
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The recent sale of the Adelaide to Darwin railway project is a good example of commercial drivers and risk allocation on a PPP deal working as originally intended.

AustraliaGovernment, Public Sector
Owen Hayford (Formerly With Clayton Utz)
Owen Hayford (Formerly With Clayton Utz)
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Key Points:
The recent sale of the Adelaide to Darwin railway project is a good example of commercial drivers and risk allocation on a PPP deal working as originally intended.

Our Major Projects Team recently advised the AustralAsia Railway Corporation on the $334 million sale of the Adelaide to Darwin railway project. The Corporation is the statutory corporation established by the Northern Territory and South Australian Governments to represent their interests in relation to the project.

The Build Own Operate Transfer (BOOT) project was sold by the receivers appointed by the senior project financiers to a wholly owned Australian subsidiary company of Genesee & Wyoming Inc (GWI). GWI is a New York Stock Exchange-listed corporation that operates railways in the US, Canada, Netherlands and Australia.

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