Global law firms DLA Piper and King & Wood Mallesons (KWM) have helped push forward a new waste management facility in Melbourne, according to Australasian Lawyer.
DLA Piper advised Sacyr Environment Australia on financing arrangements and project documents for the development, construction, commissioning, operation, and maintenance of an urban organic waste processing facility to be built in Dandenong South.
KWM acted for the Clean Energy Finance Corporation (CEFC), which provided $38 million in financing for the facility, which is valued at $60 million.
Serving a population of 1.2 million, the facility that will recycle organic food waste for eight separate councils across Melbourne’s southeast has an annual capacity of 100,000 tonnes. The facility will reduce greenhouse gas emissions in the region and produce soil products for Melbourne gardens.
The DLA Piper team was led by projects partner John Gallagher, while partner Kate Papailiou led on the financing aspects of the deal, partner Rhys Davies advised on planning and environment matters, and partner James Newnham worked on taxation.
Meanwhile, the KWM team was led by partner Jonathan Oldham, and was assisted by senior associate Andrew Vincent and law graduate Nick Walker.
“The project is an environmentally important and innovative facility, and the CEFC has invested in an emerging market where technology is driving greater environmental outcomes in the waste sector,” Oldham also told Australasian Lawyer.