Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: April 13, 2011

Project Name: Barwon Water Biosolids Project
Year in Operation: 2009
Sector: Water & Waste
Subsector: Wastewater
Status: In Operation
Type: New Facility
Description: The Barwon Region Water Corporation is Victoria’s largest regional water corporation and provides quality water and sewerage management services to more than 271,000 people. The corporation owns nine water reclamation plants, five of which produce biosolids on a regular basis. The Barwon Water Biosolids Management project will provide an environmentally sustainable, long-term management scheme for the utilization of biosolids produced at the water reclamation plants. To do this, the project includes the construction of sludge receival facilities, fully enclosed sludge storage systems, dual train Keppel Seghers HARD Pellestisers (indirect gas fired dryers), fully enclosed intermediate storage at the black rock site, and a program ensuring all biosolids are used without prolonged storage.
Delivery Method as described in the country where it's located: Public Private Partnership
Is the project still active: Yes
Comments: Design, Build, Finance, Operate, Maintain Contract with a 20 year term

Project Locations

Address: 400 Blackrock Road
City: Connewarre
State: Victoria
Country: Australia, Commonwealth of

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Barwon Water is leasing 2 hectares of land to the concessionaire for the entirety of the project term. At expiration, the concessionaire will return the land to Barwon Water.
Checkbox Checked Revenue Stream (Cash Flow) Created Through Initial Commitment of Public Sponsor(s): The concessionaire will receive monthly payments from Barwon Water during the operations term by way of a payment mechanism that is subject to variability determined by the concessionaire's ability to meet the contract service requirements. Charges are based on availability to accept input materials, volume of biosolids processed, and volume of biosolids beneficially used.
Checkbox Checked Environmental Clearance: The plant must produce T1 grade biosolids as dictated by the EPA so the biosolids may be used in agriculture reducing the reliance on fertilizers and improving soil structure. Also, the biosolids may be used for fuel resulting in 100% beneficial use of biosolids. Other environmental mitigations include an 80% reduction in land area required for biosolids processing at the Black Rock water reclamation plant, a 40% reduction in greenhouse gas emissions when compared with biosolids treatment by long-term storage, 60% less truck movements reducing emissions, and a zero odor emissions arising from the biosolids treatment and application.

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: A single tranche of senior debt with a tenure of 20.8 years is fully underwritten by the Bank of Tokyo-Mitsubishi UFJ

Checkbox Checked

From Producers as Equity: Equity is underwritten by the Plenary Group, the financing arm of the concessionaire, and subscribed during the project construction period by way of secured subordinated loans.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independent checking engineer? Yes
Project Finance Method: All By Private Sponsor

Procurement Approach

Project Component
Based Selection
Request for
Request for
for Bids

Term for Key Components & Forms of Contract

Project Component
Combined Term: Initial Design, Construction, O&M Period

Project Value (If and As Known)

Date of Estimated Project Value: April 13, 2011
Project Value
Hard Cost
Hard & Soft Costs
< $100 Million US
< $200 Million US


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