16 December 2011

VCCC Project PPP financial close a milestone for Clayton Utz Projects and Finance teams

Melbourne, 16 December 2011: Clayton Utz continues to be at the forefront of social infrastructure project activity in Australia, with the announcement of financial close of the $1 billion plus Victorian Comprehensive Cancer Centre (VCCC) Project marking a significant milestone for the firm's client Plenary Group, and Clayton Utz as its legal advisers.

Clayton Utz Melbourne Projects and Finance partner Marcus Davenport led the firm's team that has advised Plenary Group on all aspects of Plenary Health consortium's successful bid for the VCCC Project, from initial bid through to financial close. The Plenary Heath consortium comprises Plenary Group, Grocon, PCL Constructors Pacific Rim and Honeywell. Lawyers in Clayton Utz Melbourne's Corporate and Construction practice areas also provided support on the transaction, led by partners Brendan Groves and Naomi Kelly.

To be delivered as a Public-Private Partnership, the new facilities will provide Victoria with a world-class comprehensive cancer centre and will drive the next generation of progress in the prevention, detection and treatment of cancer. Facilities will include 160 overnight inpatient cancer beds, a 42 bed capacity intensive care unit, 110 same-day beds, a dedicated clinical trials unit with 24 treatment places, eight radiation therapy bunkers, and more than 25,000 square metres of research space capable of accommodating hundreds of cancer researchers.

The VCCC Project is one of a number of social infrastructure projects on which Clayton Utz is currently advising. They include the $630 million Bendigo hospital project (advising the Victorian government), the $2.4 billion New Royal Adelaide Hospital project (jointly advising the South Australian government alongside the Crown Solicitor's Office), and the Sunshine Coast Hospital in Queensland (advising a short-listed consortium). Clayton Utz also advised on the Melbourne Royal Children's Hospital project which became operational in November this year.

Disclaimer
Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this bulletin. Persons listed may not be admitted in all states and territories.
For more information, contact...
Email: Lauren Scott, Head of Corporate Affairs
Tel: +61 3 9286 6972