Client Agency:
NSW Health
Project Description:
The project involves:
- The financing, design, construction and commissioning of the new acute health facility, Community Health Facility, multi-storey car park and refurbishment of the Douglas Building;
- The facilities management and delivery of ancillary non-clinical services in both the new facilities and existing buildings under a Labour Services Agreement with Northern Sydney and Central Coast Area Health Service.
- The performance based monthly payments will be made to the private sector over the term of the project.
- The commercial components of the project include the private sector to manage and operate the car park facilities in return for payment of an annual licence fee and a share in revenue generated, and have a lease of the retail premises in return for payment of base and turnover rent.
Private Sector Partners:
Infrashore Partnership, comprising ABN AMRO (finance and consortium leader), Thiess (design and construction), Thiess Services (hard facilities management and maintenance), Wilson Parking (car park services); and Zouki (retail).
Project Details:
Contract value: $700 million (Estimated Capital Cost at the time of the contract award)
Contract duration: 23-Oct-2008 to 22-Oct-2036
Stage 1 - the Community Health Facility - was completed in March 2011.
Stage 2 -Acute hospital facility – was completed in December 2012, Stage 3 - Douglas Building Refurbishment - October 2013, and Stage 4 – New Car Park facilities, Building 2 demolition etc - July 2014.
Project Variations:
October 2007
Royal Bank of Scotland (RBS) bought ABN AMRO, the original sponsor and financier of the project.
December 2014
Clinical Services Building is officially opened
February 2015
AMP Capital bought the Project Company, InfraShore, from the Royal Bank of Scotland
