Client Agency:
NSW Department of Education and Communities (DEC) (Formerly NSW Department of Education and Training DET)
Project Description:
The project involved:
- design, construction and financing of seven primary schools, two high schools and one special development school, located predominately in new urban growth areas of New South Wales
- provision of cleaning, maintenance, repair, security, safety and related services for these schools' buildings, furniture, fittings, equipment and grounds in return for performance-based monthly payments by the DEC during the operation phase of the project.
Private Sector Partners:
Axiom Education NSW no 2 Pty Ltd - Project Company - controlled by AMP Capital Investors Limited (formerly ABN Amro and then RBS) and International Public Partnerships Limited (originally Babcock & Brown), St Hilliers Pty limited and Hansen Yuncken Pty Limited - Construction Contractors and Spotless Group Limited - Facilities Manager
Project Details:
Contract value: $177.5 million (Estimated net present value at the time of the contract award)
Contract term: Feb-2006 to Dec-2035
Operation began: 3 schools opened 2007, 4 schools opened 2008, 3 schools opened 2009 and final school opened first term 2010.
Project Variation:
27 June 2008
An additional school, Kariong High School, was added to the contract, increasing the total number of schools under the project to eleven. The school was opened on schedule in the first term of 2010.
Related Documents:
Auditor General's Performance Audit
