The circa $1 billion Darling Harbour Live precinct project, on which Clayton Utz is the primary legal adviser, has won the Advisory Excellence Award at the 2014 National Infrastructure Awards convened by Infrastructure Partnerships Australia (IPA).
With construction expected to be completed in 2016, the Darling Harbour Live precinct project will provide Sydney with world-class facilities for a diverse range of convention, exhibition and entertainment events. Clayton Utz was appointed in August 2011 as primary legal advisers to Sydney Harbour Foreshore Authority (SFHA) and then to Infrastructure NSW (INSW), on the project.
The award judging panel acknowledged the major and complementary outcomes the projects advisers had secured for the State and for the people of NSW, through smart structuring and the use of interactive and competitive bidding. Other advisers on the project are KPMG (Financial Adviser to the State), Evans & Peck (Transaction Adviser to the State), Capella Capital (Financial Adviser to Darling Harbour Live) and Herbert Smith Freehills (Legal Adviser to Darling Harbour Live).
This is the latest accolade for the Darling Harbour Live precinct project, which was also named Asia-Pacific PPP Deal of the Year at the 2013 Project Finance International (PFI) Awards.
IPA’s National Infrastructure Awards celebrate and acknowledge the innovation and excellence of Australia’s public and private sectors in the delivery of infrastructure.
Bendigo Hospital Project, on which Clayton Utz is legal adviser to the Department of Health (Victoria), was also a finalist for the Advisory Excellence Award.