How do you navigate the present while building for the future?

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Public Transport Taking Sydney’s public transport to the next level Integrated electronic ticketing system (New South Wales) While most people would agree that Sydney needs streamlined ticketing across buses, ferries and trains, actually implementing such a system is a significant task. PwC is currently helping NSW Public Transport Ticketing Corporation achieve their goal of introducing an integrated electronic ticketing system. Our experience in dealing with complex IT contracts and pricing mechanisms was instrumental in the design of a long term operating contract, which aims to recover both fixed and variable costs. Our work structuring a pricing mechanism with incentives will drive ongoing efficiency benefits for the client and, most importantly, improve customer service – delivering a better journey for all. Economic advice on one of Australia’s largest investments in public transport Sydney Metro (New South Wales) In one of the largest investments in Australian infrastructure, PwC took on the role as a trusted economic advisor to the Sydney Metro. Our work included cost-benefit analysis which assisted in refining routes, choosing station locations, modelling future lines and is playing a significant role in developing cases for both state and federal funding. This work highlights our expertise with large scale, billion dollar infrastructure projects and our knowledge of complex modelling situations. The project is set to shape the city of Sydney for generations. Policy Helping the government to build the nation’s priorities Infrastructure Australia (National) Infrastructure Australia (IA) was created to drive improvements in the assessment and implementation of infrastructure projects and to identify national infrastructure priorities. Under the guidance of Sir Rod Eddington, the organisation required the expertise to create a methodology for the completion of a detailed infrastructure audit and the creation of Australia’s first infrastructure priority list. PwC was selected for its international experience in reforming infrastructure policy, including previous work for Sir Rod Eddington. Oliver Jones has been seconded part-time to IA since March 2008. In addition, expert analysis of the economics which accompanied bids for IA support and advice on best practice in project delivery for infrastructure was required. Additional PwC economics team members have also been assisting IA on these tasks. Oliver and the PwC team continue to provide ongoing support, including reviewing water security and regulatory strategies in Australian cities, as part of an IA initiative to improve Australian water management.
Roads Finding the right answer to the right question Peninsula Link (Victoria) The $700million Peninsula Link PPP will extend 25 kilometres of road connecting East Link and the Mornington Peninsula Freeway in Melbourne’s outer South East area. The PwC team, as the lead financial advisor on the roadway project was able to leverage the firm’s international knowledge to develop an innovative and tailored solution. This project marks the first Availability Payment based road PPP project in Australia. PwC played a crucial role advising the State throughout the procurement process, including its landmark approach to deliver the project as an availability style PPP, with a private sector consortium making regular payments for the delivery of services. This strategy then ruled out the need for road tolls. Importantly, this was another example of PwC’s role advising governments on the successful delivery of large-scale infrastructure projects within a difficult economic climate. Our commercial and financial expertise in the area equipped us with the skills required to develop and implement a robust PPP solution to drive optimal outcomes for Government. Water A big deal in difficult times to secure our water supply Victorian Desalination Project (Victoria) PwC was the lead strategic, financial and commercial advisor to the Capital Projects Division of the Department of Sustainability and Environment on the PPP procurement of the $4billion+ Victorian Desalination Project. The project will deliver the largest reverse osmosis desalination plant in the world (capable of delivering 150 billion litres of water per annum). The project also requires the construction of an 85 kilometre transfer pipeline and a major upgrade to the power supply network in the area. PwC’s role spanned over two years from the assessment of procurement options, through development of the business case and conduct of the tender process to successful financial close in September 2009. This experience is current and has had the focus and attention of leading debt and equity providers, construction contractors and operators around the world. It will be a benchmark against which other projects will look to measure themselves, in terms of process, timing and outcomes. An alternative contract model for the SE Queensland Southern Regional water pipeline LinkWater (Queensland) The Alliance contract and delivery model is increasingly being considered by our clients to better manage complex projects. LinkWater and their Alliance partners were reaching finalisation stage for a $1billion SE Queensland regional water pipeline. Project sponsors unfamiliar with the alliance contracts can underestimate some of the challenges of this delivery model, given the open book nature and significance of the capital involved. During the Alliance development and delivery, the sponsors must be fully aware and resourced to address commercial alignment and project risks. In addition LinkWater also sought advice in relation to the reconciliation of performance payments against realised risk/opportunity for the project. PwC’s deep knowledge and understanding of Alliance contract and delivery models across industries and projects enabled us to help LinkWater to consider and manage to a successful project outcome.
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