Client | Brisbane City Council
Location | Brisbane, Queensland
Role | Transaction Manager, Commercial Advisor
Legacy Way (formerly Northern Link) is one of the five key transport infrastructure projects identified in Brisbane City Council’s TransApex strategy. TransApex is a system of roads (primarily tunnels) that will form an inner city ring road. Legacy Way is designed to relieve congestion on Brisbane’s arterial roads and improve the cross city connectivity of Greater Brisbane.
The engagement was to manage the transaction process and commercial advisory services for the project which is publicly financed and delivered via a Design, Construct, Maintain and Operate (DCMO) model.
Scope of Work
- Assistant Manager of the transaction team including legal and financial / commercial consultancies
- Detailed transaction planning, development and implementation of transaction strategy
- Development of commercial principles and contract documentation for the DCMO model
- EOI document development and facilitation of the EOI process including the EOI period, evaluation and finalisation to approved short-list of proponents
- Assistance to the Probity Advisor with addressing probity issues with the proponents
- Facilitation and maintenance of RFP process and assistance with preparation and critical review of all RFP documents
- Coordination of and attendance at proponent briefings and meetings
- Facilitation of RFP evaluation process to contract award including negotiation of final contract
- Ongoing commercial advisory services to Brisbane City Council during the delivery phase of the project
- Assistance with detailed analysis and assessment of alternative delivery models, acceptable in the market place at the time, after the original Legacy Way EOI process under a privately funded Build, Own, Operate and Transfer (BOOT) model was suspended in January 2009 based on unprecedented financial market conditions
- The project was subsequently approved by Brisbane City Council to proceed to market via a DCMO model
- The project team received significant accolades from Brisbane City Council’s executive management in reassessing delivery models, facilitating approval and taking the project to market
- Contract award achieved on schedule in December 2010.