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National Infrastructure Awards winners announced

Infrastructure Partnerships Australia (IPA) has announced the winners of the 2019 National Infrastructure Awards.

Convened annually, the Awards recognise excellence in public administration and business, across major projects.

The Awards were overseen by an independent judging panel, comprising:

  • Ms Leilani Frew, Chief Executive Officer, Infrastructure Project and Financing Agency (Chair)
  • Ms Kim Curtain, Interim Deputy Secretary, Trade, Tourism, Investment and Precincts, NSW Treasury
  • Dr Steven Kennedy PSM, Secretary, Federal Department of Infrastructure and Regional Development
  • Mr Jason Loos, Director, Department of Treasury and Finance, Victoria
  • Mr Neil Scales, Director-General, Queensland Department of Transport and Main Roads

The winners and finalists for each category in the 2019 Awards are as follows:

Project of the Year: Westconnex

Winner/s: NSW Treasury and Transport for NSW (Roads and Maritime Services) and their advisors Allens, Ashurst, BIS Oxford Economics, Clayton Utz, GHD, Goldman Sachs, Newgate Australia, Turner & Townsend, and PwC. Sydney Transport Partners (Transurban, AustralianSuper, Canadian Pension Plan Investment Board, and Tawreed Investments) and their advisors; Advisian, Aquasia, Clifford Chance, EY, E3 Advisory, Greenwoods & Herbert Smith Freehills, King & Wood Mallesons, KPMG, Macquarie Capital, Morgan Stanley, UBS, and WSP.

Finalists:

  • Canberra Light Rail – ACT Government (Transport Canberra) and their advisors; Arup, Clayton Utz, EY, HASSEL Studio, RPS Group, Sparke Helmore, Turner & Townsend, and WSP. Canberra Metro Consortium (Aberdeen Infrastructure Investments, CPB Contractors, John Holland, Mitsubishi Corporation, MUFG, Pacific Partnerships and UGL) and their advisors; AECOM, Architectus, CAF, Herbert Smith Freehills, R-Co, and SMEC.
  • Caulfield to Dandenong Level Crossing Removal Project – The Alliance (comprising of Aurecon, CPB Contractors, Lendlease, Metro Trains Melbourne, WSP), Arcadis, Level Crossing Removal Project, and Major Transport Infrastructure Program.
  • Wentworth to Broken Hill Pipeline – GHD, Jacobs, John Holland, MPC Kinetic, TRILITY, and WaterNSW

Advisory Excellence Award: Sydney Metro Martin Place integrated development

Winner/s: Advisors to Transport for NSW; Ashurst, CBRE, KPMG. Advisors to Macquarie Group; Herbert Smith Freehills, Macquarie Capital, MinterEllison, PwC, and Arup.

Finalists:

  • Infrastructure Victoria’s Advice on Automated and Zero Emissions Vehicles Infrastructure – Infrastructure Victoria
  • Sydney Metro Northwest OTS – Turner and Townsend
  • WestConnex Transaction – Advisors to the NSW Government; Allens, Ashurst, BIS Oxford Economics, Clayton Utz, GHD, Newgate Australia, PwC, and Turner & Townsend. Advisors to Sydney Transport Partners; Advisian, Clifford Chance, EY, E3 Advisory, Greenwoods & Herbert Smith Freehills, King & Wood Mallesons, KPMG, and WSP

Financial Excellence Award: Westconnex transaction

Winner/s: Financial Advisors to the NSW Government; Goldman Sachs, and NSW Treasury. Financial Advisors to Sydney Transport Partners; Aquasia, Macquarie Capital, Morgan Stanley, and UBS.

Finalists:

  • Agribo, Centre for Agribioscience Refinancing – Plenary Group
  • for Darling Harbour Live Refinancing – Capella Capital
  • Kwinana Waste to Energy – Macquarie Capital

Government Partnership Excellence Award: The Caulfield to Dandenong Level Crossing Removal Project

Winner/s: The Alliance (comprising of Aurecon, CPB Contractors, Lendlease, Metro Trains Melbourne, WSP), Level Crossing Removal Project, and Major Transport Infrastructure Program.

Finalists:

  • Canberra Light Rail – ACT Government (Transport Canberra), and Canberra Metro Consortium (Aberdeen Infrastructure Investments, CPB Contractors, John Holland, Mitsubishi Corporation, MUFG, Pacific Partnerships and UGL)
  • Metro Tunnel Project: Rail Projects Victoria and PwC Indigenous Consulting Partnership – PwC’s Indigenous Consulting and Rail Projects Victoria
  • Sydney Metro Martin Place Integrated Station Development – Macquarie Group, Sydney Metro, Transport for NSW

Contractor Excellence Award: Wentworth to Broken Hill pipeline

Winner/s: John Holland and MPC Kinetic

Finalists:

  • Bruce Highway Boundary Road Interchange – BMD Constructions
  • Caulfield to Dandenong Level Crossing Removal Project – CPB Contractors and Lendlease
  • M80 Ring Road Upgrade: Sunshine Avenue to Calder Freeway – Fulton Hogan

Operator and Service Provider Excellence Award: TasWater for the Regional Towns Water Supply Program – Stages 2 and 3

Winner/s: KBR, TasWater, and TRILITY

Finalists:

  • Queensland Schools Project – Plenary Schools Consortium (Plenary Group, DeltaFM and Watpac) and Queensland Department of Education
  • Incident Management Response – Transurban and Ventia

Innovation Excellence Award: uninterruptible power supply for Melbourne’s railway signalling network

Winner/s: AECOM, AEG, Metro Trains Melbourne, Public Transport Victoria, and Thycon

Finalists:

  • Dynamic Speed Management Trial – Transurban and VicRoads
  • Kwinana Waste to Energy – Acciona, Dutch Infrastructure Fund, Keppel-Seghers, Macquarie Capital, Phoenix Energy Australia, and Veolia
  • M80 Ring Road Upgrade: Sunshine Avenue to Calder Freeway – Cowri and Fulton Hogan

In addition, John Holland’s Simon Lehman won the Future Infrastructure Leader of the Year Award. Infrastructure Partnerships Australia said that Mr Lehmans’ profile stood out to the judging panel amongst all the other entries because of his extraordinary commitment to the infrastructure sector.

The judges found that Mr Lehman has proven to be a major asset and path-breaking engineer for the John Holland rail team. His on-the-job mentoring of younger team members and his exceptional work at the forefront of infrastructure delivery was exemplary.

Moreover, Major Road Project Victoria’s Alexis Davidson won the Award for Women’s Achievement in Infrastructure.

Ms Davidson has had a long and successful career in infrastructure over the last two decades. The judging panel said they were particularly impressed by her strong leadership and mentorship of other female engineers in the sector.

The judges praised Ms Davidson for consistently delivering outstanding business cases for Major Road Project Victoria and developing an impressive reputation for her innovative thinking and professionalism as a female engineer at the forefront of infrastructure delivery.

BC PHOTO

Lykke Creates Investment and Advisory Spinoff BVV

Swiss fintech group Lykke on Friday launched a spin-off company, Blockchain Valley Ventures (BVV), which will operate as a venture capital investor and accelerator in addition to providing advisory services for blockchain enabled businesses and exchange listing.

Based in Zug, Switzerland’s ‘Crypto Valley’, BVV said its partners include Heinrich Zetlmayer, former Vice President and Country Leader of IBM Global Business Services in Switzerland and Oliver Bussmann, former UBS and SAP Group CIO.

According to a statement, the company will make capital investments through its own funds and vehicles, such as the “Blockchain Investment Opportunities Note”, in cooperation with Swiss asset management company Vicenda, a boutique firm with a focus on private debt investing. Other services will focus on business, financial, initial coin offering (ICO), and marketing support until projects have reached critical size and can operate independently. Additionally BVV will assist in token technology design and creation, and implementation of Lykke’s Open Source Technology.

According to the company’s statement, BVV’s hybrid funding model combines traditional venture capital with ICO’s. This will optimize the capital-raising of BVV portfolio companies but also accelerate growth and business development, offering significant benefits to conventional investment, the company said.

BVV, supported by Lykke, will give portfolio companies assistance and advice in launching and scaling blockchain-enabled businesses. By collaborating with partner companies, BVV said it will be an integral part of their respective business models, resulting in an ecosystem of promising blockchain-based projects, which maximizes each partner’s success potential.

“As ICOs have become the new normal, it is no longer necessary to wait until you have accumulated significant revenue to make your dreams into reality,” said Richard Olsen, Founder and CEO of Lykke Corporation, in the statement. “However, many would-be token-issuers need guidance which is neutral, independent, and unbiased. BVV provides this quality support, offering the necessary advice and assistance so that inspired businesses may fully recognize their potential.”

“Blockchain technology has already shown itself to be a highly disruptive force across all manners of the industry – from supply chain management to e-commerce, and fintech,” stated Heinrich Zetlmayer, BVV General Partner. “Our long-term vision is to develop BVV into a leading management holding in the crypto space, offering assistance to projects we believe have real potential to have lasting effects on industries primed for disruption.”

Beren Office PHOTO

Revealed: Germany’s Berenberg targets UK expansion amid M&A boom

Germany-based investment bank Berenberg is one City firm taking Brexit in its stride.

The Hamburg firm, the world’s oldest merchant bank having been founded in 1590, has grown its Square Mile office from 70 to 350 people in the last eight years.

It expects to add up to 100 more London staff over the next 18 months as it targets work on an expected UK boom in corporate takeovers and an anticipated spike in demand for equities analysis after a recent EU regulatory overhaul.

“The partners back at our headquarters in Hamburg have been relaxed both pre- and post-referendum about Brexit,” said Dave Mortlock, head of Berenberg’s London office.

“We have our plan [to grow in the UK] and will look to deliver on that.”

Mr Mortlock said the firm’s existing operations in Germany, from which it can continue to trade across the EU bloc regardless of the outcome of Brexit trade negotiations, meant there was “no obvious reason for us to reshape at all”.

“If other firms leave, we have the opportunity to attract their best talent,” he added.

His comments strike a contrast with other overseas banks in the City, many of which – including Goldman Sachs, JP Morgan and UBS – have said they will downsize due to Brexit.

Mr Mortlock said Berenberg’s London office would look to more than double the amount of corporate deals it advises on from 17 last year to 50 this year.

Global dealmaking has enjoyed its strongest start to a year in almost two decades, with the value of targeted deals in the UK jumping a third on last year to $21bn (£14.9bn), latest statistics from Dealogic revealed this weekend.

The lion’s share of Berenberg’s work in London is in equities analysis. Mr Mortlock said a recent move by the EU to tighten regulation in this market, called Mifid II, had so far increased demand for its analysis.

Under the changes analysts must explicitly charge customers for their advice, rather than bundling it up with other services.

Mr Mortlock said: “This is a fundamental change for the industry. It’s a challenge and it will take capacity out of the market. But I’m satisfied those that commit like us will get out of it in good shape.”

In full-year results for 2017 Berenberg posted a 69pc rise in equities revenue to €240m (£212m), while its overall staff numbers increased by 70 to 1,576.

Net profits were down 44pc to €90m, although the bank said the previous year’s results were skewed by a one-off gain on the sale of its share in Frankfurt-based investment company Universal Investment.