Client Agency:
Sydney Water Corporation (SWC)
Project Description:
The project involves a finance lease arrangement, where the Sewage transfer tunnel is owned and financed by the private sector, but is controlled by the State. The project comprises the provision of an 18 kilometre tunnel for the improvement of the water quality in the Blue Mountains
Private Sector Partners:
Blue Mountains Sewage Tunnel Pty Ltd consortium comprising of the following:
- Sakura Finance Australia Ltd (Agent)
- McConnell Dowell Corporation Limited
- Superannuation Funds Management Corporation of South Australia (SFMCSA)
- Obayashi Corporation
Project Details:
Contract value: $80 million (Estimated Capital Cost at the time of the contract award)
Contract term: 1993 to 2028 (35 year concession)
Operation began: June 1996
