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Herbert Smith Freehills Puts AUD 2b Moorebank Intermodal On The Rails.

4 June, 2015

 

Herbert Smith Freehills has advised on the Moorebank Intermodal Terminal Development, a AUD 2bn freight hub at Moorebank in south-western Sydney. Definitive contracts for the development and operation of the intermodal freight terminal and associated warehousing were signed between the Moorebank Intermodal Company Limited (an Australian Government Business Enterprise) and logistics group Qube and rail operator Aurizon on 3 June 2015.

 

The development will provide an important and integrated transport solution to support the growth in freight movement in Australia, as well as crucial congestion relief, improvements to freight capacity and environmental benefits. It will enable freight movement by rail between Port Botany and Moorebank, reducing the number of freight trucks on the road and increasing capacity at Port Botany.

 

The firm was initially appointed to advise on the delivery strategy and procurement planning of the development. Herbert Smith Freehills then played an integral role in preparing the Registration of Interest and EOI documentation, participating in EOI evaluation, preparing and advising on the Environmental Impact Statement and assisting with the direct negotiations with Qube and Aurizon.

 

Given the nature of the development, being an infrastructure / property development on Commonwealth and privately-owned land, Herbert Smith Freehills advised on all aspects of the successful infrastructure procurement by providing a seamless legal service across many disciplines, including projects, real estate, planning and environment, corporate, competition, probity, tax, stamp duty, employment and intellectual property.

 

Lead Partner Peter Paradise said: “We are very privileged to be the primary adviser on such a landmark, large-scale  development which will affect nearly every resident in the Sydney metropolitan area through an integrated logistics chain. The Herbert Smith Freehills legal team delivered a commercially-minded bespoke solution which included input from some of the best infrastructure specialists in Australia. Our team successfully facilitated the pioneering cooperation between the Australian Government and the private sector to help improve the efficient transportation of goods in New South Wales and beyond. We are excited about the positive impact this will have on our community.”

 

The Herbert Smith Freehills team was led by partners Peter Paradise and Greg Hing. The integrated team also included partners Steve Bell, Peter Briggs, Matthew Bull, and Richard Giannone. They also worked on tax aspects with Richard Buchanan and Matthew Gould (Greenwoods & Herbert Smith Freehills).

 

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