Project Executive and Planning - Sydney Light Rail Public Private Partnership
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Added on 2023/06/11
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This article discusses the Sydney Light Rail Public Private Partnership (SLR PPP) and its various aspects such as the contract, evaluation criteria, risk sharing agreement, private sector parties, and delivery method. It answers questions related to the SLR PPP and provides insights into the project.
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Running head: PROJECT EXECUTIVE AND PLANNING PROJECT EXECUTIVE AND PLANNING Name of the Student Name of the University Author Note
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1 PROJECT EXECUTIVE AND PLANNING Response to Question 1 The main contract for the Sydney Light Rail Public Private Partnership (SLR PPP) is the SLR Project Deed. On 14thFebruary, 2014, the NSW Government announced that the three associations were to be shortlisted to request a proposal for the SLR PPP. The three associations were Connecting Sydney, SydneyConnect and iLinQ Sydney which comprised of different companies. The application for the proposal was released on 7thMarch, 2014 by thetransportforNewSouthWales(NSW).ConnectingSydneyandSydneyConnect submitted their proposals for the SLR PPP on 11thof July, 2014. The proposal was not submitted and withdrawn by iLinQ Sydney. Response to Question 2 The evaluation criteria for the proposal was as follows. Firstly, the outcomes of the operations should be focused on the customers. This means that the proponent have to deliver safeandhighqualitycustomerexperience,havetoengagethestakeholdersandthe communityeffectivelyandhavetobecompatiblewithTransportforNSWnetwork. Secondly, the design and technical solutions of the proponent should support the aspects of a safe, innovative, integrated, sustainable and high quality rail system. It should enhance the urban environment, connect the wide Transport for NSW network, multiply the experience of the customer and provide sufficient capacity for project rider demand. Thirdly, the proponent should give certainty about the delivery of the design and optimize the technical solution whichalsoincludestheintegrationoftheIWLR.Theproponentsapproachshould demonstrate that they are committed to safety, how they will deliver the environmental and sustainability requirementsand contain the understanding of a proper community and stakeholder engagement. The proponent should deliver the service with efficient and effective means. The proponent should also minimize any disruption that might occur on the adjacent
2 PROJECT EXECUTIVE AND PLANNING businesses and residents. They should also manage any impacts on the wide network and the customers of Transport for NSW. Fourthly, the proponent will ensure that all the assets are managed and maintained properly which is consistent with the design, operations and technical solutions. It should deliver consistently high level of performance. It should also make sure that the assets are properly handed back in the correct condition when the contract term ends. Fifthly, the legal and commercial structures of the project should be strong, sustainable and concrete. The project should always comply with the agreements of the projects and should give good value on the initiateddepartures. The funding solutions of the proponent should be strong and should provide all the required security and flexibility that responds correctly to the risks of SLR PPP. The proponent should be financially committed and should be able to achieve the contract and financial close which will comply with the timeframe of Transport for NSW. Finally, proponent should show value for money by keeping in mind the long term risk and the cost related to risk and the impact that it will have on Transport of NSW. Response to Question 3 The Sydney Light Rail Project Deed is between the Transport for NSW ABN 18 804 239 602 which is a New South Wales Government agency which is constituted by section 3C of the Transport Administration Act 1988 (NSW) and ALTRAC Light Rail Partnership (OpCo). Response to Question 4 Based on the risk sharing agreement, the state is to be fully responsible for any delays that might occur in reaching completion of the project due to any legal challenges to the planning approvals which are obtained by the Transport for NSW.
3 PROJECT EXECUTIVE AND PLANNING Response to Question 5 Based on the risk sharing agreement, most of the responsibility is taken by the OpCo in terms of Design and Construction work. The responsibility is taken in the areas of early work suitability, mismatch of OpCo’s concept design with the requirement of delivery or operations phase, overall management of the design interfaces, complying with the design review process as it is stated in the SLR Project Deed, the overall managing of the construction interfaces which is required to deliver the SLR works, complying with the programs of the required access on a section by section basis and complying with the zone rental scheme which mandates OpCo to pay a zone fee for the number of days that OpCo would exceed the stated occupation period. Response to Question 6 The private sector parties to the contracts are OpCo group, OpCo group equity investors, corecontractorsand core contractorguarantors, IndependentCertifier(APP Corporation Pty Ltd.) and Debt financing parties. Response to Question 7 The delivery method that was agreed between the contracting parties is DB which is the Design-Build method, as OpCo took the maximum responsibility of the design and construction work regardless of whose fault it is.