The contract summary for the new ACT Law Courts Precinct, the ACT Government’s first Public Private Partnership project, was released today by Attorney-General Simon Corbell.
“The contract summary provides information for the community about the value for money the government has achieved by partnering with the private sector,” Mr Corbell said.
“The ACT Law Courts project is the territory’s first public private partnership and has delivered an excellent result for the people of the ACT.
“This project will ensure the territory will be served by a modern, fit for purpose court complex.
“It will deliver Canberra with court facilities that will meet the territory’s needs for the next 50 years in a more functional, flexible and sustainable way.”
Last year the ACT announced Juris Partnership had been chosen as the preferred proponent to deliver the new court facilities. The Juris Partnership consortium is made up of companies with national and international experience in delivering PPPs, including Laing O’Rourke Australia Construction Pty Ltd, Macquarie Capital Group Limited, Programmed Facility Management Pty Ltd and Lyons architects.
The total project net present cost will be $250.4 million over 25 years in current dollars. In nominal dollars payments for the first complete year of full operation are estimated at $21m and will increase to approximately $35.5m in the final year.
Construction started in April this year and the project is expected to be completed by September 2018.
The contract summary is available at http://apps.treasury.act.gov.au/partnerships-framework/courts
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Section: Simon Corbell, MLA | Media Releases