Pacific Partnerships

Pacific Partnerships develops, invests in and manages infrastructure concession assets, leveraging CIMIC Group’s financial strength and Operating Company capabilities.

Pacific Partnerships offers clients seamless value for money solutions for the finance, design, construction, operations and maintenance of key infrastructure under public private partnership (PPP) and build own operate transfer (BOOT) structures. CIMIC has been responsible for the delivery of more than 20 PPPs with a value of over $32 billion.

History

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:

  • 7 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
  • 11 social infrastructure PPP’s totalling over $11 billion
  • 2,028 hospital beds
  • 1,993 prisoners accommodated
  • Australia’s longest rail tunnel at 15 kilometres
  • New Zealand’s first road PPP and Canberra's first light rail project

Locations

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.

Projects

Waikeria Corrections and Treatment Facility

Location: New Zealand

Client: New Zealand Government

Contract: PPP

Waikeria Corrections and Treatment Facility

The Waikeria Corrections and Treatment Facility will deliver accommodation for 500 prisoners, along with a secure mental health unit providing care for additional prisoners.

The new facility will be built on the site of the existing Waikeria Prison in the Waikato region (upper North Island) of New Zealand, as part of the New Zealand Government’s program to deliver a more effective and humane justice system.

CIMIC Group has led the development of the project, with Pacific Partnerships leading the consortium formation and providing equity financing for 25 years, and CPB Contractors undertaking design and construction of the facility.

Revenue to CIMIC Group is approximately NZ$750 million.

The new Waikeria facility will be operated by the Department of Corrections and is set to open in 2022.

New Zealand Schools

Client: New Zealand Ministry of Education

Project Value: NZ $113 million

Contract: PPP (availability payment)

New Zealand Schools

The third New Zealand Schools PPP initiative is delivering schools for the New Zealand Ministry of Education and for local families and communities in Auckland, Hamilton and Christchurch.

With extensive social infrastructure experience, Pacific Partnerships and CPB Contractors are part of the consortium delivering a seamless, end-to-end service and high quality assets of long term value.

Pacific Partnerships is providing financing for 25 years and CPB Contractors is delivering the design and construction program as part of a 60:40 joint venture.

The initiative includes the design and construction of four new primary schools (three in Auckland and one in Hamilton) and the relocation and colocation of Shirley Boy’s High School and Avonside Girls’ High School in Christchurch, as well as operational services of the schools for 25 years. The schools are set to open in 2019.

Capital Metro

Client: Australian Capital Territory Government

Contract: Public Private Partnership – Preferred proponent

Canberra Metro

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.

Transmission Gully

Client: New Zealand Transport Agency

Project Value: NZ $1.1b

Contract: Availability-Based Road PPP

Transmission Gully

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:

  • Pacific Partnerships
  • CPB Contractors Pty Limited
  • HEB Construction Limited
  • Accident Compensation Corporation
  • The Bank of Tokyo-Mitsubishi UFJ, Ltd
  • Infrared Infrastructure

PPP project page

CIMIC project page

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

North West Rail Link

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:

  • Hong Kong’s MTR Corporation – with JHG and UGL Rail Services – who will operate and maintain the rapid transit network upon completion
  • CPB Contractors, JHG, MTR and UGL Rail Services – a four way joint venture to deliver the infrastructure and rail systems
  • NRT’s rapid transit fleet will be delivered by international train manufacturer Alstom.

PPP project page

CIMIC project page

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.

NRAH

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.

PPP project page

CIMIC project page

Capabilities

Pacific Partnerships is a long-term partner to clients, infrastructure users, institutional investors and lenders.

Leveraging the financial strength and diverse capabilities of CIMIC Group and its Operating Companies, Pacific Partnerships provides

  • Direct investment in infrastructure projects built by CIMIC’s Operating Companies
  • Design and construction delivery
  • Operations, maintenance and asset management services

Out integrated finance, project management, engineering, design, construction and asset management expertise improves whole-of-life outcomes. The approach significantly reduces interface and delivery risks as well as design and procurement costs, and increases productivity.

Experienced Team

Pacific Partnerships highly-skilled team of professionals has firsthand experience and in-depth knowledge of national and international markets.

Our team is dedicated to maximising value. Our sector experience, capital investment and proven capabilities enable clients to achieve optimal growth, performance and outcomes.

Strategy

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.

Awards

CIMIC Group companies have been successful in winning many prestigious awards for projects which involved PPPs. Some of those awards include:

Australian Engineering Excellence Awards2011 - Excellence Award Winner - Clem Jones Tunnel, Queensland - Leighton Contractors
International Roads FederationThe 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 Constructors Association

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.

  • The Clem Jones Tunnel (CLEM7) was a 2011 Australian Construction Achievement Award (ACAA) finalist.
  • 2009 Winner - EastLink Project, Melbourne, Victoria – Thiess John Holland Joint Venture.
Project Finance Magazine2009 Project Finance Magazine Asia Pacific PPP Deal of the Year for (Aspire Schools).

News and resources

15 Dec 2017CIMIC companies recognised for excellence in digital engineering
12 Apr 2017CIMIC Group companies awarded NZ schools PPP
17 May 2016CIMIC-led consortium wins Canberra light rail stage one
01 Feb 2016CIMIC companies preferred for Canberra Light Rail Stage One
16 Sep 2014Contractual close for Leighton Group in NWRL PPP
12 June 2014Update on the Leighton Group's strategic review
13 June 2014Appointment of Managing Directors

Contact Us

Pacific Partnerships Pty Ltd
A.C.N.: 85 601 328 741

Level 19, 177 Pacific Highway
North Sydney, NSW, 2060

P.O. Box 1002
Crows Nest, NSW 1585
P: +61 2 8668 6444
F: +61 2 9925 6000
E: queries@pacificp.com.au
W: www.pacificpartnerships.com.au

Back to top