Australia's leading independent law firm, Corrs Chambers Westgarth, has advised the Pulse Consortium on its successful bid to deliver the Tunnels, Stations and Development PPP for Brisbane's A$5.4 billion Cross River Rail Project.
The consortium includes Pacific Partnerships, Ghella, BAM and Dutch Infrastructure Fund. Corrs also advised the successful design and construction (D&C) Joint Venture comprising CPB Contractors, Ghella, BAM and UGL Engineering.
The Cross River Rail Project is Queensland's highest priority infrastructure investment. It will enable the additional network capacity required to operate higher frequency public transport that connects with other services and supports other network growth projects. The Tunnels, Stations and Development PPP will be instrumental in delivering the underground section of the project including tunnels and state-of-the-art underground stations.
Corrs was mandated to act for the Pulse Consortium and the D&C JV across all aspects of the project including project contracts, environmental due diligence debt and equity financing and corporate structure.
The Corrs team for the Pulse Consortium, led by Partners David Warren, Brad Robinson, Andrew Chew and Peter Schenk and the Corrs team advising the D&C JV, led by Partner Airlie Fox, drew on their deep experience in major rail and tunnel projects to provide unique perspectives on risk allocation and mitigation, commercial and legal issues and considerations.
Lead partner David Warren said: "Corrs is proud to work with the Pulse Consortium and achieve financial close, the first of many milestones in the delivery of the Cross River Rail Tunnels, Stations and Development Project. This is a significant piece of infrastructure for the State of Queensland and a wonderful achievement for the Pulse Consortium."
Corrs continues to be at the forefront of providing legal and commercial advice to both private sector proponents and government on major infrastructure and construction projects across Australia, New Zealand and South East Asia. Corrs has acted extensively in the area of rail infrastructure projects and PPPs, including:
- Gold Coast Light Rail Project;
- High Capacity Metro Trains;
- New Generation Rollingstock Project;
- Sydney Light Rail PPP;
- Canberra Light Rail;
- Sydney North West Rail Link; and
- NSW Regional Rail PPP.