Eoi melbourne metro1

1983

λ = 5 dwellings

RMIT PPP Club 2013 - MELBOURNE METRO 1 as a PPP

1997

3,763dwellings

λ = 5 dwellings

λ convenience storeRMIT PPP Club 2013 - MELBOURNE METRO 1 as a PPP

λ = 5 dwellings

λ convenience store

2002

9,895dwellings







Melbourne @ 8 millionRMIT PPP Club 2013 - MELBOURNE METRO 1 as a PPP

1900 1950 2000 2050

.7bn

.2bn

2.9bn

6.4bn

20103.5bn

70%oftheworldspopulationwillliveincities

Citiesareresponsiblefor75‐80%oftheworldsgreenhousegases

and70‐80%ofNationalGDP’s

SourceJebBrugmann


QUALITY PUBLIC INFRASTRUCTURE

Bordeaux



SHIPYARDS TO SUSTAINABILITY

Malmo Bo01



ARCHITECTURE AS CHANGE STRATEGY



MONOFUNCTIONAL TO MULTIFUNCTIONAL

Melbourne



Guillermo

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EOI Invitation to RMIT PPP Club: MEBOURNE METRO 1 as a PPP


Guillermo

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City-shaping project that will overhaul Melbourne's rail network, resulting in major improvements in capacity, reliability and travel times across the bulk of the metropolitan rail lines. ► 9 kilometre rail tunnel through inner Melbourne that will link the Sunbury and Pakenham/Cranbourne rail lines. ► 5 new underground stations to be located at Arden, Parkville, CBD North, CBD South and Domain.


Guillermo

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"Value for Money" Victorian Government Purchasing Board Guidance: Value for money denotes, broadly, a balance benefit measure covering quality levels, performance standards, risk exposure, other policy or special interests measures (i.e environment impacts), as well as price. Generally, value for money is assessed on a 'whole of life' or 'total cost of ownership' basis, which includes the transitioning in, contract period and transitioning out phases of a contractual relationship. It is often used in the sense of the 'long term sustainability of value for money', denoting that the States focuses on choices that ensure value for money outcomes are promoted and protected in successive anticipated contracts.

© 2012 Ernst & Young Australia. Liability limited by a scheme approved under Professional Standards Legislation.

Melbourne Metro

►  City-shaping project that will overhaul Melbourne's rail network, resulting in major improvements in capacity, reliability and travel times across the bulk of the metropolitan rail lines.

►  9 kilometre rail tunnel through inner Melbourne that will link the Sunbury and Pakenham/Cranbourne rail lines.

►  5 new underground stations to be located at Arden, Parkville, CBD North, CBD South and Domain.

Scope elements ►  Portals (tunnel entrances) ►  Tunnel ►  Stations ►  Rail systems

►  Track, power, signalling hardware ►  Signalling systems and software

►  Station maintenance and operations ►  Train operations and ticketing

17 RMIT PPP Club 2013 - MELBOURNE METRO 1 as a PPP

© 2012 Ernst & Young Australia. Liability limited by a scheme approved under Professional Standards Legislation. 16

Exercise – Melbourne Metro



Guillermo

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APPENDIX

*  The number of train trips in Melbourne has increased by a 94 per cent the since 1998.

Melbourne in numbers


MM1 – Domain


MM1 CBD South

* Major overhaul of rail network resulting in major improvements in capacity, reliability and travel times across the bulk of the metropolitan rail lines


* Metro rail systems are designed to meet high levels of demand for travel in and around cities by running high capacity services


http://www.youtube.com/watch?feature=player_embedded&v=U6p8YuyVir4


Melbourne Strategies

* Metropolitan Planning Strategy (under development) * Metropolitan Rail Network Development Plan 2012

Return RMIT PPP Club 2013 - MELBOURNE METRO 1 as a PPP

Guillermo

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CHALLENGES:


Social Infrastructure PPP – The Concept

Continuing Public Sector Spending Support

Government §  Specify requirements

§  Deliver Core Services (eg teaching)

Private Sector §  Build / Renew facilities

§  Support Services

Services Payments for Performance

D&C Skills FM Skills

Finance

Ø  Concession contract (30 years+) Ø  Government responsible for:

Ø  Land acquisition Ø  Approvals Ø  Service payments

Ø  Private sector responsible for: Ø  Supply and maintenance of

social infrastructure asset (School, Hospital, Prison)

Ø  Financing Ø  Remunerated based on Performance-

based payments



Typical Project Finance Structure “Social Infrastructure” PPP Transaction

State Government

PPP Company (Usually an SPV)

Project Finance Debt

Equity

Example Sources •  Bank debt

•  Capital markets (bond debt) •  Institutional (super funds)

Example Sources

•  Contractor •  Super funds

•  PPP investment funds •  International pension funds

Facilities Maintenance Provider(s)

Design & Construction Contractor(s)

Example Providers •  Spotless

•  Honeywell •  DTZ/UGL

•  Serco •  MTR Corp

Example Providers

•  John Holland •  Leighton Group

•  Lend Lease •  McConnell Dowell

Advisers •  Financial

•  Legal • Technical (Design, QS etc)

Advisers •  Financial

•  Legal • Technical (Design, QS etc)

Service Payments

FM Payments

D&C Payments

Guillermo

Typewritten Text

SPV FORMATION

RMIT – Construction, Planning and Design 3 PPP Operations Phase Chris Clifton, 13 August 2013

Documents

Eoi melbourne metro1