ConnellGriffin was engaged on the Canberra Light Rail project to provide commercial and financial leadership within the project team (Jeremy as Acting Commercial Director) for the procurement of Stage 2A, and also to manage and advise on the refinancing of Stage 1.
MPC had the following objectives on this engagement for ConnellGriffin:
ConnellGriffin were engaged on the project, to build up the communication, relationships and plan for deliverables. The commercial issues were then identified by the team and were built into the governance structure. They also produced, discussed and negotiated issues papers and provided the client guidance on all documentation.
The ConnellGriffin team lead the commercial stream evaluation, including administration and report writing and produced the summary report to the Board. They liaised with the technical team and gave clear guidance as to the outcome of the bid process.
The team was responsible for managing the project’s relationship with EY and Turner & Townsend and they also worked closely with the legal advisers, Clayton Utz, to control costs, refine scopes of work and manage deliverables to schedule.
The refinancing was successfully led and negotiated by ConnellGriffin and reached financial close at the end of 2020.
The key issues that the ConnellGriffin team dealt with were:
ConnellGriffin led the successful refinancing of Stage 1, led the commercial stream for Stage 2A, and completed the work leading to the final recommendation for a way forward for the implementation of the Stage 2A of the Canberra Light Rail. The team delivered to the client an organised commercial stream, good working relationships with consultants, better controlled costs, improved communications between the technical and commercial streams, and a successfully completed bid process.
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