Energy Infrastructure Investments (EII & GDI(EII))

• Portfolio : Regulated or contracted assets with government or well established substantial mining and energy companies.
• Ownership:
  • EII : 49.9% MMCIF^*, 30.2% Osaka Gas, 19.9% APA Group
  • GDI (EII): 40.0% Marubeni Corporation, 40.0% SAS Trustee Corporation(STC), 20.0% APA Group
  MM Capital Infrastructure Fund managed by GP who is 90% subsidiary of Marubeni Corporation.
• Assets generate stable annuity style revenue over the mid – and long-term, based on long-term contracts and regulated tariff returns.

Gas Assets

Telfer Pipeline and Nifty Lateral Pipeline (EII)

• Telfer Gas Pipeline is a transmission pipeline in the eastern Pilbara region of Western Australia. It supplies gas to the Telfer Gold Mine.
• Nifty Pipeline connects the Telfer Gas Pipeline to the Birla Nifty Copper Mine in the Great Sandy Desert and is used to supply natural gas to Nifty Copper Mine.
• Length/Pipeline licence:
  • Telfer:443km/PL60 and PL63
  • Nifty: 45km/ PL68
• COD: 2004 (Telfer)/2006 (Nifty)
• Deal Closed: 2008

Bonaparte Pipeline and Wickham Point Pipeline (EII)

• Bonaparte Gas Pipeline is a transmission pipeline which operates across the Northern Territory. The gas is also delivered via a small lateral to the remote power station near the town of Wadeye.
• Wickham Point Pipeline is a lateral transmission pipeline in the north-west region of the Northern Territory near Darwin. It supplies gas to Weddell Power Station near Darwin.
• Length/Pipeline licence:
  • Bonaparte: 286km/PL21
  • Wickham Point : 12km/PL25
• COD: 2009
• Deal Closed: 2008

Kogan North Gas Processing Facility (EII)

• The Kogan North Central Gas Processing Facility is located 40 km west of the town of Dalby in the Surat Basin in south east Queensland.
• Capacity: 12TJ of Coal Seam Methane/day
• COD: 2007
• Deal Closed: 2008

AllGas Distribution Network (GDI (EII))

• Gas distribution network covers part of Brisbane (South), Gold Coast, Toowoomba and Oakey.
• Distribution volume 10.5 PJ/year
• The distribution system consists of approximately 3,400 km of pipeline.
• Delivering gas to around 100,000 customers
• Deal Closed: 2011

Power Assets

Murraylink Interconnector (VIC-SA) (EII)

• Murraylink is an interconnector between Red Cliffs (Victoria) and Monash (South Australia) The link comprises two 176km buried HVDC Light cables.
• Capacity: 220MW
• COD: 2002
• Deal Closed: 2008

Directlink Interconnector (QLD-NSW) (EII)

• Directlink links the NSW and Queensland electricity networks, comprising 63km of DC cable between Mullumbimby and Bungalora in Northern NSW.
• Capacity: 180MW
• COD: 2000
• Deal Closed: 2008

CONCESSION BUSINESS (PPP) - AUSTRALIA

Sydney Metro Northwest (OTS PPP), Sydney - New South Wales, Australia

• Sydney Metro Northwest is the first stage of Sydney Metro, Australia’s biggest public transport project. The project is the first fully-automated metro in Australia.
• Marubeni is a member of the NRT consortium, which was awarded the Operations, Trains and Systems (OTS) Public Private Partnership (PPP) in September 2014, at the time the largest PPP ever awarded in NSW.
• The Project has been split into three main delivery contracts valued at US$5.9 billion (AU$8.3 billion) and the OTS PPP is the largest of the three contracts, valued at US$2.6 billion (AU$3.6 billion). The project’s total private capital is over A$1.8 billion.
• Marubeni retained a 20% equity interest in the project during the development phase. This investment has since been transferred to the MM Capital Infrastructure Fund 1 (MMCIF1), an infrastructure fund sponsored by Marubeni and managed by MM Capital Partners (MMCP) as the General Partner.
• OTS PPP Contract scope includes:
  • Metro trains and systems - delivered by international train manufacturer Alstom
  • Construction of eight new metro stations and upgrade of 5 existing stations
  • 5,000 commuter car-parking spaces
  • Upgrading and converting of an existing railway line
  • Construction of depot, stabling facilities and Operations Control Centre
  • Operations and maintenance of the 36km metro system for 15 years (4 min headway during peak hours)
• The landmark project will form the foundation stone for a new city-wide metro system.
• Key NRT Consortium members include:
  • Design & Delivery: John Holland Group, CPB Contractors, MTR and UGL Rail Services
  • Operations & Maintenance: Metro Trains Sydney (Hong Kong’s MTR Corporation – with John Holland and UGL)

Gold Coast Light Rail Project, Queensland, Australia – Stage 1&2

• Marubeni is a member of the GoldlinQ consortium, which was the consortium selected to design, build, finance, operate and maintain the Gold Coast Light Rail Project in Queensland, Australia. The project was procured and delivered as a Public Private Partnership (PPP).
• GoldlinQ was awarded the contract for Stage 1 by the Queensland Government in June 2011, with operations commencement achieved in July 2014. Stage 1 connected Gold Coast University Hospital and Broadbeach South through the beachside city while contributing to the improvement of public transport amenity in an environmentally sustainable manner.
• The Stage 2 contract was awarded in April 2016, and achieved operations commencement in April 2018. Stage 2 extended the light rail system to Helensvale Station in the northwest of the Gold Coast, significantly improving regional connectivity of the Gold Coast from Brisbane by integrating public transport options at Helensvale Station.
• Project details
  • Stage 1: 13 km of light rail, with 16 stations
  • Stage 2: 7.3 km of light rail, with 3 stations
  • 18 hours x 7 day operation and 100,000 passengers/day at capacity
  • 18 light rail vehicles
  • Peak frequency of 7 to 8 minutes
  • 15 year operating term commencing on July 2014
• Investment details:
  • Marubeni retained a 30% equity interest in the project during the development phase. This investment has since been transferred to the MM Capital Infrastructure Fund 1 (MMCIF1), an infrastructure fund sponsored by Marubeni and managed by MM Capital Partners (MMCP) as the General Partner.
  • 15 year concession with QLD State Government
  • QLD Government retains all demand/patronage risk
  • Availability-based payment
  • Full-term bank debt

Sydney Metro City & Southwest (OTS2 PPP), Sydney – New South Wales, Australia

• The NRT consortium was awarded the Sydney Metro City & Southwest project (OTS2) in October 2019, procured as an extension of the Sydney Metro Northwest Project. As part of the NRT consortium, Marubeni retains a 20% equity interest in the project.
• Currently in delivery phase, when complete the Sydney Metro City & Southwest will extend the Sydney Metro Northwest project from Chatswood on the North Shore, to Bankstown in the city's south-west via the Sydney central business district.
• The scope of the project will be split geographically between two phases to facilitate a phased-opening approach, being:
  (1) Phase 1 (Chatswood to Sydenham: 15.5km Twin-tunnel section)
  (2) Phase 2 (Sydenham to Bankstown: 14.5km existing section)
• OTS2 PPP Contract scope includes:
  • Integration of the project with the existing Sydney Metro Northwest
  • The Trains, Systems, Operations and Maintenance (TSOM) package including CBTC Signalling, Rolling Stock, Central Control System and Communications System
  • Platform Screen Doors for Phase 1 underground stations only and Radio System
  • Operations and Maintenance of the combined railway consisting of Sydney Metro Northwest and Sydney Metro City & Southwest Phase 1 and 2 running from Tallawong Station to Bankstown Station

Royal Adelaide Hospital, Adelaide – South Australia, Australia

• MM Capital Infrastructure Fund 1 (MMCIF1), an infrastructure fund sponsored by Marubeni and managed by MM Capital Partners (MMCP) as the General Partner, acquired 9.95% in Celsus in October 2020. Celsus designed, constructed, financed and now provides non-clinical services to the Royal Adelaide Hospital (RAH).
• Celsus entered into a Public Private Partnership contract in 2011 with the Government of South Australia to deliver and operate the Royal Adelaide Hospital for a 35-year concession period.
• The RAH was commissioned in 2017 and remains the largest social infrastructure project in South Australia’s history and is one of the most advanced medical facilities in the region. The operational concession period will continue until 2046.