South Australia shortlists for Adelaide schools PPP

06 December 2018 - 12:00 am UTC

South Australia has shortlisted three consortia that lodged expressions of interest in October for its New Schools PPP, Inframation understands.

Several sources familiar with the matter named Macquarie, Programmed and Badge Constructions; HRL Morrison, Planum Partners, construction company Watpac and Spotless; and DIF, Tetris Capital and Sarah Constructions as those that got through to the next round.

It is understood consortia led by Plenary and CIMIC lodged EOIs, but missed out.

A spokesperson at the SA Treasury confirmed three had been shortlisted but would not comment on which had been picked and said no public announcement was planned at this stage.

An RFP is expected to be issued early in 2019.

Some estimates have put the value of the project at around AUD 150m (USD 72m) to AUD 200m, which may have made it too small for some of the larger PPP players like Plenary, CIMIC and Capella Capital, which didn’t lodge an EOI.

The PPP involves the design, construction, commissioning, financing and maintenance of two birth to year-12 schools over the next 30 years at Munno Para in Adelaide’s northern suburbs and another at Sellicks/Aldinga in the south of the city.

It also calls for potential “commercial opportunities” to be identified that may provide benefit to the local community or the state.

Each school will need to have space for 1,500 students, 100 “special school” students and a 75-place pre-school and long day care centre.

Financial close is scheduled for October 2019. Both schools are expected to be built by the end of 2021.

The state Treasurer, Rob Lucas, has told Inframation he sees the deal as a test case for rebuilding the government’s relationship with private investors following the protracted dispute over the delays and cost blowouts on the Royal Adelaide Hospital PPP.

 

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