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VICTORIA claims to have pulled off the biggest public-private partnership in the world since the global financial crisis with the announcement of the successful tenderer for the $3.5 billion desalination plant.
The AquaSure consortium - comprised of French company Degremont, local constructor Theiss and financier Macquarie - has won the right to build the plant.
Premier John Brumby praised the consortium for coming up with the finance in the middle of the global financial crisis and said the plant would put Victoria on the road to removing water restrictions.
The cost of the plant has blown out by $400 million from $3.1 billion to $3.5 billion but Mr Brumby said the money was being used to supply extras such as fully underground power and broadband cabling for the Kilcunda region, southeast of Melbourne, where the plant will be built.
The plant, to be finished by 2011, is expected to deliver 150 billion litres of water a year, depending on demand.
Under the PPP model, the government can purchase blocks of water from 50, 75, 100, 125 and up to 150 billion litres a year.
The plant is also configured to be easily expanded to 200 billion litre a year capacity if the 13-year drought and climate change in southeastern Australia continue.
Infrastructure experts said the deal was being watched by investors worldwide and its success would help unfreeze capital for a range of other infrastructure projects.
The plant will be comfortably Australia’s largest. The $2 billion Sydney desalination plant will produce a little over half the output, or 85 billion litres, once it is fully operational in 2011/12.
http://www.theaustralian.news.com.au/story/0,,25857560-2702,00.html
The AquaSure consortium - comprised of French company Degremont, local constructor Theiss and financier Macquarie - has won the right to build the plant.
Premier John Brumby praised the consortium for coming up with the finance in the middle of the global financial crisis and said the plant would put Victoria on the road to removing water restrictions.
The cost of the plant has blown out by $400 million from $3.1 billion to $3.5 billion but Mr Brumby said the money was being used to supply extras such as fully underground power and broadband cabling for the Kilcunda region, southeast of Melbourne, where the plant will be built.
The plant, to be finished by 2011, is expected to deliver 150 billion litres of water a year, depending on demand.
Under the PPP model, the government can purchase blocks of water from 50, 75, 100, 125 and up to 150 billion litres a year.
The plant is also configured to be easily expanded to 200 billion litre a year capacity if the 13-year drought and climate change in southeastern Australia continue.
Infrastructure experts said the deal was being watched by investors worldwide and its success would help unfreeze capital for a range of other infrastructure projects.
The plant will be comfortably Australia’s largest. The $2 billion Sydney desalination plant will produce a little over half the output, or 85 billion litres, once it is fully operational in 2011/12.
http://www.theaustralian.news.com.au/story/0,,25857560-2702,00.html
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