BIOSCIENCES RESEARCH CENTRE

SOCIAL (PPP)

ASSET DESCRIPTION

  • Agricultural research centre of excellence defining new plant and animal technologies and identifying disease threats
  • Located at La Trobe University, Victoria
  • 33,000m2 research laboratory, glasshouse and office accommodation
  • Fully operational since July 2012

INVESTMENT FUNDAMENTALS

  • CPI linked availability based payments from the State of Victoria
  • 49.9% of the ordinary interest with board representation and 17.73% of the preferred equity
  • 25 year concession with joint venture of Victorian government and La Trobe university. Payments guaranteed by the Victorian Government

KEY RISKS AND MITIGATION

  • Operational and lifecycle cost – fixed cost passed through to Honeywell
  • Abatement risk – passed through to Honeywell with appropriate performance security package
  • Refinancing risk – full term debt in place for the remainder of the concession

Visit the Biosciences Research Centre website

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