Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj

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Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj

ORIAState GovernmentEducation and TrainingProject SummaryNew Schools Public PrivatePartnership (PPP) ProjectPublished by theDepartment of Education an

Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj nd TrainingPrepared in conjunction with the Department of Treasury and FinanceMelbourne February 2016© State of Victona (Department of Education and T

raining) 2016The copyright in this document is owned by the State of Victoria (Department of Education and Training), or in the case of some materials Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj

, by third parties (third party materials). No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 196

Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj

8, the National Education Access Licence for Schools (NEALS) (see below) or with permission.An educational institution situated in Australia which is

ORIAState GovernmentEducation and TrainingProject SummaryNew Schools Public PrivatePartnership (PPP) ProjectPublished by theDepartment of Education an

Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj aterials, for the educational purposes of the institution.Authorised by the Department of Education and Training,2Treasury Place, East Melbourne, Vict

oria, 3002.ForewordOn 28,r October 2015 the State Government of Victoria entered into a Public Private Partnership (PPP) contract with Learning Commun Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj

ities Victoria (LCV) to finance, design, construct and maintain 15 schools in some of Victoria’s key growth areas. The Project has a capital value of

Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj

$291 million and includes a 25 year operating term throughout which LCV will maintain the school facilities.This Project Summary provides information

ORIAState GovernmentEducation and TrainingProject SummaryNew Schools Public PrivatePartnership (PPP) ProjectPublished by theDepartment of Education an

Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj und and objectives and the rationale for undertaking it under the Partnerships Victoria framework. It summarises the tender process, the value-for-mon

ey calculation, and the public interest considerations for the Project. The second part details the key commercial features of the Project, including Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj

the main parties and their general obligations, the broad allocation of risk between the public and private sectors and the treatment of various key P

Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj

roject issues.Partnerships Victoria forms part of the Victorian Government’s strategy for providing better services to all Victorians by expanding and

ORIAState GovernmentEducation and TrainingProject SummaryNew Schools Public PrivatePartnership (PPP) ProjectPublished by theDepartment of Education an

Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj , build, operate and maintain infrastructure projects. The framework consists of the National Public Private Partnership Policy and Guidelines and the

Partnerships Victoria Requirements. Further information on the Partnerships Victoria framework is available at www.dtf.vic.qov.au.This summary should Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj

not be relied upon to completely describe the rights and obligations of the parties in respect of the Project, which are governed by the Project Agre

Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj

ement and ancillary documents. The Project Agreement and ancillary documents are available online at www.tenders,vic.qov.au.This document may be updat

ORIAState GovernmentEducation and TrainingProject SummaryNew Schools Public PrivatePartnership (PPP) ProjectPublished by theDepartment of Education an

Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj erships Victoria: Public Private Partnerships11.2The New Schools ppp Project11.3The PPP Schools51.4Procurement Process81.5Learning Communities Victori

a101.6Value for Money131.7Public Interest Test162.Key Commercial Features172.1Project Documents172.2Parties to the Project Agreement and ancillary con Project_Summary_New_Schools_PPP_Project_V1.0_q8BthCbj

tracts17

ORIAState GovernmentEducation and TrainingProject SummaryNew Schools Public PrivatePartnership (PPP) ProjectPublished by theDepartment of Education an