Treasurer Mike Baird today welcomed recognition for the successful refinancing of the Sydney Desalination Plant, after the NSW Government transaction received the top honour at Infrastructure Partnerships Australia’s 2013 National Infrastructure Awards.
The refinancing of Sydney Desalination Plant won the Project of the Year Award and was recognised as a “world-class transaction that freed up more than $2.3 billion to help fund a deeper, wider programme of infrastructure investment.”
“We were very pleased with the result of refinancing of the Sydney Desalination Plant last year which was well above the book value, and we are delighted that the O’Farrell Government’s first asset transaction has been given the top honour with this award,” said Mr Baird.
“We were always focused on achieving the best outcome for the people of NSW throughout the Desalination Plant transaction so it’s very pleasing that this has been acknowledged by the infrastructure community.
“Importantly, this award endorses the O’Farrell Government’s Budget reform strategy which sees capital released and put into the significant infrastructure needed across the State.
“The $2.3 billion refinancing of the Sydney Desalination Plant was a great outcome for the people of NSW which has enabled us to unlock vital funds for priority infrastructure projects across NSW such as roads, schools and hospitals, while at the same time ensuring there is no impact on customer water bills or water security,” Mr Baird said.
Category: Desalination News