Paxon acted as lead commercial and financial adviser to the State of Western Australia for the Design, Build, Finance and Operate (DBFO) PPP and two subsequent renegotiations for $800 million that resulted in an expanded 750 bed Joondalup Health Campus in WA with Ramsay Health Care.
Paxon acted for the State to structure the financial and commercial elements of the project.
This included advising on the commercial framework, risk allocation, funding and financing structure, performance regime and overall transaction strategy.
Paxon’s advice ensured the State was able to achieve the highest value for money from the project by analysing the underlying economics and optimising risk allocation.
Given Paxon’s unique understanding of the PPP model applied in the project, Paxon also assisted the State to develop the project business case.
Paxon has since advised on two subsequent renegotiations for the expansion of the facility.
WA Government Client
2009 – 2012, 2018 - 2019 Year
Perth, WA Location
$800 million Project Value
Financial and Commercial Adviser Roles
The transaction structure was able to capture significant value for the State, by reducing the overall capital and recurrent cost of the project.
These concepts are portable to other hospital PPP projects and demonstrate how the services can be delivered in a manner that provides government with the required flexibility to transfer risk to the private sector.