The Victorian Government and AquaSure have reached financial close on the Wonthaggi Desalination Plant PPP. The success of the project allows the consortium – comprising of Thiess, Suez Environment, Degremont and Macquarie – to commence construction – and provides a very strong signal of the ongoing value and efficacy of the PPP model.

The project is the largest PPP to be procured anywhere in the world since the global financial crisis. The Victorian Government provided both a guarantee over the syndication of debt – and were also prepared to act as a gap lender to the project, had sufficient debt not been available through capital markets.