Client Agency:
NSW Health
Project Description:
The project involves:
- The design, construction and commissioning of the new Orange Hospital and new health facilities including Orange Tertiary Mental Health, Radiotherapy Unit and Oral Health Unit;
- The refurbishment of a number of buildings at Bloomfield including ward 18, ward 19, the Canobolas Building and the Amaroo Building;
- The financing of the new Orange Hospital and refurbishment of existing buildings at Bloomfield;
- The facilities management and delivery of ancillary non-clinical services for these hospital facilities and the new Bathurst Hospital.
Private Sector Partners:
Pinnacle Healthcare consortium, comprising Babcock & Brown (finance and consortium leader), Hansen Yuncken Pty Limited (design and construction) and Spotless Group (facilities management, maintenance and non-core support services).
Project Details:
Contract value: $256 million (Estimated Capital Cost at the time of the contract award).
Contract duration: 21-Dec-2007 to 21-Dec-2035.
New Orange Hospital facilities were completed in March 2011.
Project Variations:
June 2009
As a part of a management buyout deal in June 2009 the Amber Infrastructure Group bought Babcock & Brown’s rights to provide investment advisory and management services to the Project equity provider and the equity was transferred to International Public Partnerships Limited.
June 2010
The Amending Deed of June 2010 provided for a number of variations including amendments to the project program and payment mechanism on capital and service cost. $41 million of the agreed capital cost for the extended works was paid outside of the project financing.
Related Documents:
