April 25, 2018 3:17 AM ET

Construction and Engineering

Company Overview of Pacific Partnerships Pty Ltd

Company Overview

Pacific Partnerships Pty Ltd. invests in and develops infrastructure projects. The company provides operation and maintenance services. It invests in PPPs and build operate transfer projects. The company’s project portfolio includes roads, tunnels for rail and road, rail tracks, PPPs social infrastructure, hospital beds, and prisoners accommodation. The company was founded in 2014 and is headquartered in North Sydney, Australia. It has operations in Australia and New Zealand Pacific Partnerships Pty Ltd. operates as a subsidiary of CIMIC Group Limited.

Level 19

177 Pacific Highway

North Sydney, NSW 2060

Australia

Founded in 2014

Phone:

61 2 8668 6444

Fax:

61 2 9925 6000

Key Executives for Pacific Partnerships Pty Ltd

Managing Director
Compensation as of Fiscal Year 2017.

Pacific Partnerships Pty Ltd Key Developments

Pacific Partnerships and CPB Contractors Wins NZ Schools PPP Project

Pacific Partnerships and CPB Contractors have been awarded the third New Zealand Schools PPP initiative by the New Zealand Government. CIMIC Group's role in the project spans design, construction and financing. The contract will generate revenue to CIMIC of approximately NZD 113 million over the design and construction period. CPB Contractors will deliver the design and construction program as part of a 60:40 joint venture with Southbase Construction. Pacific Partnerships, together with HRL Morrison & Co managed PIP Fund 2, will provide financing for 25 years. Operational services will be performed by Spotless. This third New Zealand Schools PPP initiative includes the design and construction of four new primary schools (three in Auckland and one in Hamilton) and the relocation and co-location of Shirley Boys' High School and Avonside Girls' High School in Christchurch, as well as operational services of the schools for 25 years. The agreement contains an expansion mechanism under which the Ministry of Education has the right to add additional schools to the project. The project's construction phase is scheduled to start in July 2017, with the schools set to open in 2019.

New Zealand Government Selects Pacific Partnerships and CPB Contractors for NZ Schools PPP Project

CIMIC Group companies Pacific Partnerships and CPB Contractors have been selected by the New Zealand Government as the preferred proponents to deliver the third New Zealand Schools PPP initiative. The contract is anticipated by the New Zealand Ministry of Education to be worth more than NZD 200 million. Revenue to the CIMIC Group companies will be finalised at contract execution, which is expected in the coming months. CIMIC Group's role in the project spans design, construction and financing.

Recent Private Companies Transactions

Type
Date
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No transactions available in the past 12 months.
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