September 30, 2011
TRILITY Group Pty Ltd Awarded the First PPP Scheme in the Western Australian Water Industry
TRILITY Group Pty Ltd (TRILITY), a subsidiary of Mitsubishi Corporation (MC), was awarded a long term Public-Private-Partnership (PPP) scheme to design, build, finance and operate a new water treatment plant in Western Australia through a special purpose company (SPC) established with two other companies.
This project is the first fully fledged PPP in the Western Australian water industry and the first sizeable project awarded to TRILITY after the acquisition by MC, The Innovation Network Corporation of Japan, and JGC Corporation,and will be the 15th water project for TRILITY.
In addition to the 14 existing projects consisting of a range of water treatment services such as water and wastewater treatment, desalination, and reuse scheme facilities, TRILITY aims to expand its business in the growing water market in Australia by winning new projects and increasing capital shares in existing projects.
MC has designated infrastructure and global environmental business as strategic domains and is working to strengthen its water business through its Global Environment Business Development Group.
1. Project Description (Mundaring water treatment plant)
The SPC will build a new water treatment plant in the Mundaring area near Perth, and the plant will ensure water quality and security of supply for more than 100,000 people serviced through Goldfields pipeline to Kalgoorlie Boulder. The completion of the plant is expected to be in July 2013, followed by 35 years of operation and maintenance. The water treatment plant will have an initial capacity of 165 million litres per day, and a maximum capacity of around 240 million litres per day. Funding for this project is approximately 300 million Australian dollars, which will be coverd by SPC's equity and the debt from The Bank of Tokyo-Mitsubishi UFJ, Ltd, BNP Paribas, WestLB AG, and Banco Bilbao Vizcaya Argentaria, S.A.
2. TRILITY’s strategy
The population of Australia is expected to grow from 22 million to 27 million by 2035, and most of the growth is said to take place along coastal areas such as Sydney, Melbourne, Brisbane and Perth. With strong demand for new water treatment plants to satisfy the growing population and the growing economy, the PPP scheme is recognized as an efficient way to utilize the technology, experience, and finance of the private sector. TRILITY currently provides safe water to three million people, and has accumulated 20 years of PPP experience and knowledge in the Australian water business. TRILITY is aiming to excel more in this growing market.
3. TRILITY Group Pty Ltd
(1) Head office: Adelaide, South Australia
(2) Date of Establishment: August, 1991
(3) Shareholder: Mitsubishi Corporation(59%), The Innovation Network Corporation of Japan(30%), JGC Corporation(10%), Others
(4) Main Business activities: design, construction, operation and maintenance of, and investment in water treatment facilities in Australia.
(5) Number of employees: approximately 258 employees （as of July 2011）
4. Mitsubishi Corporation
(1) Head office: 3-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, 100-8086, Japan
(2) Date of Establishment: July 1, 1954
(3) Capital: 203,598,076,906 yen (JPY)
(4) Main business activities: Mitsubishi Corporation (MC) has six Business Groups which develop operations in the diverse fields of Industrial Finance, Logistics & Development, Energy, Metals, Machinery, Chemicals, and Living Essentials. In addition to these Business Groups, MC has also established the Business Service Group and Global Environment Business Development Group.
(5) Sales: 19,2334,000,000 yen (JPY)
(6) Number of employees: 58,470 (as of March 31, 2011)
(7) Representative: Ken Kobayashi, President and Chief Executive Officer
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Telephone:+81-3-3210-2511 / Facsimile:+81-3-5252-7705