Pacific Partnerships is the CIMIC Group’s project finance arm. Pacific Partnerships develops and invests in infrastructure projects built by CIMIC’s operating companies and is a long-term partner to clients through the provision of operation and maintenance services throughout the life of the asset. Pacific Partnerships invests in PPPs and Build Operate Transfer projects.
Pacific Partnerships was formed by combining the PPP capabilities of CIMIC’s operating companies into a single entity. It also reflects the substantial expertise of the ACS Group in bidding, winning and delivering a broad range of concessions throughout Europe and the Americas. The Pacific Partnerships team of experienced professionals has industry-leading knowledge of PPP delivery in Australia and globally.
In 2014, the CIMIC Group combined its PPP capabilities to create Pacific Partnerships – a focused, industry-leading business in PPPs, and a key component of CIMIC’s growth strategy. CIMIC has been responsible for more than 20 PPP projects with a market value of around $32 billion including:
- 6 key inner-city road projects
- 135 kilometres of arterial roads
- 35 kilometres of major tunnels for rail and road
- 1,435 kilometres of rail track
- 10 social infrastructure PPP’s totalling over $11 billion
- 2,028 hospital beds
- 1,993 prisoners accommodated
- 410 mega litres of water produced daily
- Australia’s longest rail tunnel at 15 kilometres
- New Zealand’s first road PPP
Pacific Partnerships currently operates in Australia and New Zealand and is evaluating opportunities in the other international markets where CIMIC operates.
Pacific Partnerships is headquartered in Sydney, Australia.
Client: Australian Capital Territory Government
Contract: Public Private Partnership – Preferred proponent
The first stage of the Capital Metro project includes design and construction of a 12km light rail route from the fast growing area of Gungahlin to the City, with 13 stops, depot, road, signalling and preparatory works and the ongoing operation and maintenance of the light rail system.
CIMIC Group’s role in the Canberra Metro consortium spans sponsorship, design, construction, operations, maintenance and equity.
Pacific Partnerships will invest in equity funding along with John Holland, Mitsubishi Corporation and Aberdeen Infrastructure Investments. Pacific Partnerships will also provide Operations and Maintenance services for 20 years in partnership with John Holland and Deutsche Bahn International.
Client: New Zealand Transport Agency
Project Value: NZ $1.1b
Contract: Availability-Based Road PPP
27km, four-lane motorway linking MacKays Crossing in the north with Linden in the south (through Transmission Gully)
The Wellington Gateway Partnership comprises firms with considerable experience in the design, construction, finance, maintenance and operation of key infrastructure projects, backed by New Zealand and offshore investors, including the following:
North West Rail Link Operations, Trains and System PPP
Client: Transport for NSW (TfNSW)
Project Value: $3.7 billion
Contract: Sponsor, Equity Investor and D&C Contractor
In 2014, the New South Wales Government awarded Northwest Rapid Transit consortium (NRT) the operations contract to deliver Australia’s largest public transport project, Sydney’s North West Rail Link (NWRL).
The A$3.7 billion Operations, Trains and Systems (OTS) contract is the largest of the three delivery contracts for the NWRL, Australia’s first fully automated rapid transit network.
The Northwest Rapid Transit Consortium includes:
New Royal Adelaide Hospital
Client: Government of South Australia
Project Value: $2.5 billion ($1.85 billion D&C contract)
Contract: PPP Sponsor, Equity Investor, D&C Contractor.
The new Royal Adelaide Hospital (nRAH) will be Australia’s most advanced hospital and the single largest infrastructure project in the State’s history.
A 50/50 joint venture between CPB Contractors and Hansen Yuncken will design and construct what will be Australia’s most advanced hospital and the single largest infrastructure project in the history of South Australia.
This state of the art facility will be delivered as a PPP under the State Government’s Partnership SA Model forming part of the South Australian reformed health system. The new facility will provide world-class care for the people of South Australia.
SA Health Partnership Consortium (SAHP) comprising CPB Contractors, Hansen Yuncken and Spotless is undertaking the financing, design, construction and operation of the non-clinical services of the hospital for 35 years.
Victorian Desalination Project
Client: Government of Victoria
Project Value: Project NPC - $5.72 billion
Contract: Sponsor, Equity Investor, D&C Contractor, O&M Contractor.
The project is a globally recognised PPP and one of the largest social infrastructure projects in Australia. In addition to the facility being the largest of its type in the Southern Hemisphere, it is one of the largest seawater reverse osmosis plants currently operating in the world.
The project involves the design, construction, commissioning, maintenance, operation and financing of a 150 GL per annum desalination plant and associated infrastructure in Victoria.
The project was procured using an “availability” style PPP procurement model.
The plant is located approximately 132kms South-east of Melbourne near the coastal town of Wonthaggi and is an important piece of Victoria’s water infrastructure:
The plant and associated infrastructure was successfully commissioned in 2012 by the project’s D&C Contractor, being a 65 / 35 joint venture between Thiess and Degremont.
The plant is currently being operated and maintained by Degremont and Thiess Services in joint venture.
Client: Queensland Government
Project Value: $331 million ($274 million D&C Contract)
Contract: PPP Sponsor, Equity Investor, D&C Contractor (via Broad Construction Services –a subsidiary of CPB Contractors.)
The Aspire Schools PPP is a package of seven schools (six primary and one secondary) delivered across two stages and spanning 180kms of South East Queensland.
This PPP project is a key initiative of the Department of Education Training and Employment (DETE) to provide public education facilities in the rapidly growing South East Queensland Corridor.
Aspire Schools’ designs provided a balance between aesthetics, functionality and value for money, while recognising local land form and environment. Each campus design incorporates sustainability strategies matched with solutions that deliver high amenity.
Under the framework, Aspire Schools will undertake the financing, design, construction and maintenance of the schools for approximately 30 years while all core school and education will be provided by DETE.
The original consortium included CPB Contractors, Broad Construction Services (90% owned by CPB Contractors) and the Commonwealth Bank of Australia.
Pacific Partnerships wants to be a long-term partner to CIMIC’s clients, the users of infrastructure, institutional investors and lenders.
Pacific Partnerships benefits from CIMIC’s operating companies, providing best in class construction expertise as well as operation and maintenance services.
Pacific Partnerships will lead a whole of life design approach, leveraging the capabilities of EIC Activities, CPB Contractors, Thiess and Ventia. Our products will be the most efficient from a net present cost perspective.
Pacific Partnerships can invest in Build Operate Transfer, PPPs, and generate our own business opportunities through unsolicited proposals.
Angel Muriel is CIMIC Group’s Chief Financial Officer, Chief Development Officer and Managing Director of Pacific Partnerships.
He was formerly the Head of Corporate Mergers and Acquisitions at HOCHTIEF Aktiengesellschaft and, prior to that, he was the CFO of Iridium Concesiones de Infraestructuras, S.A.
Mr Muriel has also held roles as the CFO of ACS Infrastructure in North America and Iridium in Chile.
The Pacific Partnerships team draws together the technical and PPP expertise of CPB Contractors and Thiess.
The highly-skilled team of professionals has firsthand experience and in-depth knowledge of national and international markets.
The Pacific Partnerships strategy is to work with CIMIC’s operating companies on complex PPP projects, to invest in those projects, and to generate long term revenues for CIMIC through the operation and maintenance of those projects.
CIMIC Group companies have been successful in winning many prestigious awards for projects which involved PPPs. Some of those awards include:
|2011 - Excellence Award Winner - Clem Jones Tunnel, Queensland - Leighton Contractors|
|The Thiess John Holland Joint Venture, builder of Brisbane's AirportLinkM7 road tunnel project, has been awarded the 2013 International Roads Federation (IRF) Global Road Achievement Award for Construction Methodology.|
The Australian Construction Achievement Award, presented by Australian Constructors Association (ACA) and Engineers Australia, brings together the best construction projects, delivered by the nation’s very best construction companies.
|Project Finance Magazine||2009 Project Finance Magazine Asia Pacific PPP Deal of the Year for (Aspire Schools).|
News and resources
|01 Feb 2016||CIMIC companies preferred for Canberra Light Rail Stage One|
|16 Sep 2014||Contractual close for Leighton Group in NWRL PPP|
|12 June 2014||Update on the Leighton Group's strategic review|
|13 June 2014||Appointment of Managing Directors|
Pacific Partnerships Pty Ltd
A.C.N.: 85 601 328 741
472 Pacific Hwy,
St Leonards NSW 2065
P.O. Box 1002
Crows Nest, NSW 1585
P: +61 2 9925 6666
F: +61 2 9925 6000