Allens has acted for Canada Pension Plan Investment Board (CPPIB) on its role in the consortium to fund the construction of, and then own, the NorthConnex project in Sydney.
The consortium, consisting of CPPIB, Transurban and QIC, reached financial close last week on the $2.9 billion project, which is the first major infrastructure project in New South Wales to be approved under the State Government's unsolicited bids process.
The NorthConnex project will see the construction of twin tunnels connecting the M1 Pacific Highway to the Hills M2 Motorway. Construction will begin early this year and is expected to be completed in 2019.
The Allens team on the matter was led by Partner Wendy Rae.
Ms Rae noted the significance of the project for CPPIB and the firm.
'The NorthConnex project is an extremely significant infrastructure project for both NSW and Australia, and we are proud to be representing CPPIB on their investment in this project.'
Allens legal team
Wendy Rae (Partner – Melbourne), Tim Stewart (Managing Associate – Sydney), Tristan Kelly (Lawyer – Melbourne)
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Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.