11 July 2017

KWM advises consortium on New Grafton Correctional Centre PPP

King & Wood Mallesons (KWM) has advised consortium NorthernPathways on the design, delivery, operations, maintenance and financing of the New Grafton Correctional Centre public-private partnership (PPP) project in NSW.

Upon completion, which is expected in 2020, the centre will be the largest correctional facility in Australia - accommodating 1,700 inmates and providing state-of-the-art security and rehabilitation services.

The consortium, which comprises John Laing, John Holland and Serco (with Macquarie as its financial advisor), was advised by a cross practice KWM team led by Partners Claire Rogers (Project Finance), Chris Dynon (Projects), James Forrest (Construction) and Rebecca Finkelstein (Projects). Legal support was provided by Senior Associates Chris Allfrey, Gareth Howe and Steve Swan, and Solicitors Amy Maguire, Stuart Alexander and Laura Bonnici.

Chris Dynon commented that the deal was the first PPP implemented under the NSW Treasury and Infrastructure NSW’s new structure, which involved balancing client interests while understanding and appreciating the new documentation put forward by the State.

“We are proud to have advised the consortium on this significant and challenging project.  The NGCC adds to Serco’s extensive portfolio, which comprises existing operational correctional facilities in Western Australia, Queensland, New Zealand and the United Kingdom.  It also represents the fourth winning PPP in recent years on which Macquarie has been financial advisor and KWM has been legal advisor to the consortium or its financiers.”

KWM has built a reputation as an expert advisor on PPPs, recently acting on a number of winning bids including the High Capacity Metro Trains PPP in Victoria, the Puhoi to Warkworth Road Project in New Zealand, the New Schools PPP in Victoria and the WA Schools PPP.

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