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Queensland Schools PPP finds funding
The AMP Capital Community Infrastructure Fund (CommIF) has expanded its social infrastructure concessions to eight following the acquisition of 49.99 per cent of the South East Queensland School Private Public Partnership (PPP) from the Commonwealth Bank of Australia.
The project has an enterprise value of over $250 million with a 26-year concession period and involves the construction of seven new schools for over 5790 students.
AMP Capital investment director Julie-Anne Mizzi said the investment allowed its clients to access stable, long-term CPI-linked cash flows underwritten by availability-based payments from the Queensland Government.
CommIF holds a portfolio of 24 schools in New South Wales, Queensland and South Australia under PPP arrangements.
“AMP Capital has an ongoing commitment to the Australian PPP market and CommIF is quickly becoming the partner of choice for secondary market social infrastructure assets in Australia and New Zealand,” Mizzi said.
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