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03 Apr 2012

Clayton Utz congratulates client on award-winning deal

Melbourne, 03 April 2012: Clayton Utz is proud to be associated with the new Royal Adelaide Hospital Project which was named Asia Pacific PPP Deal of the Year at the 2011 Project Finance Deal of the Year awards announced in Singapore on 29 March.

The $1.85 billion new Royal Adelaide Hospital is the largest, most complex and highest-value social infrastructure project to be undertaken in Australia as a Public Private Partnership (PPP) and will replace the existing Royal Adelaide Hospital.

A Clayton Utz team led by Melbourne partner Jo Pugsley jointly advised (with the South Australian Crown Solicitor's Office) the South Australian Government, developing the strategy for the delivery of the project and drafting of the project documents, evaluation, negotiation and financial close of the project.

Jo said the award was deserving recognition for such an ambitious project. "The new Royal Adelaide Hospital will be South Australia's flagship hospital, will have over 700 overnight and 100 day beds and service an expected 85,000 admissions per year. Clayton Utz congratulates the South Australia Government on receiving this award which recognises their commitment to strengthening social infrastructure."

Award ceremony will be held in Singapore on March 29th at the Marina Mandarin.

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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 communication. Persons listed may not be admitted in all States and Territories.