The government of New Zealand has selected a consortium led by CIMIC Group companies Pacific Partnerships and CPB Contractors as the preferred proponent to deliver the Waikeria Corrections and Treatment Facility Public Private Partnership (PPP) project.
Infrastructure/PPP news in New Zealand
Following an unsolicited proposal, New Zealand's Cabinet has agreed to tender the Auckland Light Rail Project. This involves the development of two light rail lines that will connect the central business district of Auckland, the largest city in New Zealand, located on the country's North Island, to the airport and the north-west region. It is estimated to cost NZD6 billion (US$4.18 billion).
The City Council of Christchurch, a city on the east coast of New Zealand's South Island, is now inviting applications from individuals, groups and organisations interested in using and/or helping to fund the restoration of 17 Council-owned heritage facilities across the city and Banks Peninsula. The Council are keen to find new uses for the buildings.
WSP Global Inc. has obtained the consent of the Overseas Investment Office to acquire Opus International Consultants Limited, following an application filed on August 22, 2017. The purchase price, which amounts to NZ$283.9 million (US$194,23 million), will be financed using WSP's available cash and credit facilities.
The Government of New Zealand will continue pushing ahead with its NZD40 billion (US$28.6 billion) infrastructure plans by creating a new National Infrastructure Commission to lead more public-private partnership (PPP) projects and get faster access to new schools, hospitals and roading.
CIMIC Group companies Pacific Partnerships and CPB Contractors have been awarded the third New Zealand Schools PPP initiative by the New Zealand Government.
CPB Contractors and Pacific Partnerships have been selected by the New Zealand Government as the preferred proponents to deliver the third New Zealand Schools PPP initiative.
Cintra and Plenary have combined to create a joint venture business to compete in the Australia and New Zealand road infrastructure market.
The New Zealand Government through the Department of Corrections is investing in additional prison capacity, in response to an increased level of demand identified in the Justice Sector long term forecast.
The Global Infrastructure Hub launched its Project Pipeline to provide the private sector with free information about government infrastructure projects across the world.
Corrections Minister Judith Collins has announced that the Government has approved the procurement of a 1,500 bed facility at Waikeria Prison that will be designed, built, financed and maintained under a Public Private Partnership.
The Northern Express Group (NX2) consortium, which includes ACCIONA Concessions, has signed a contract with the New Zealand Transport Agency to design, construct, finance, manage and maintain for 25 years the Puhoi - Warkworth road PPP project, which is scheduled to open to traffic in 2022.
Infratil Chairman, Mr Mark Tume, has announced the appointment of Peter Springford to the Infratil Board. Mr Springford’s appointment takes effect on 1 November 2016.
Infratil has announced that the Board has approved the establishment of a NZD30 million (US$21.7 million) infrastructure bond buyback capability.
There has been a change in one of the three consortia shortlisted for New Zealand Schools Public Private Partnership (PPP3).
A residents group holding up construction of the SkyPath bridge in Auckland (New Zealand) has abandoned its appeal in the Environment Court.
NZ Transport Agency Chief Executive Fergus Gammie said the Northern Express Group was one of three shortlisted consortia that the Transport Agency had invited to submit a proposal for the financing, design, construction, management and maintenance of the Pūhoi to Warkworth motorway under a PPP procurement. As we reported in August 2015, the three shortlisted teams were, namely:
AMP Capital modernises its flagship Australian and New Zealand infrastructure equity fund and launches significant capital raising
AMP Capital has renamed its long-standing Infrastructure Equity Fund the AMP Capital Diversified Infrastructure Trust (ADIT) and announced a capital raising program that aims to attract AUD300 million (US$224 million) from new and existing institutional investors in Australia and New Zealand.
Auckland Council’s Governing Body, in New Zealand, has deferred the decision-making on the public-private partnership to progress the SkyPath project until the Finance and Performance Committee's meeting, which will be held on June 16, 2016.
The Auckland Transport Authority of New Zealand has recently published a request for proposal (RFP) seeking financial and commercial advisors with experience in light rail transit for the Light Rail Transit (LRT) project, which is being investigating as a way to relieve traffic congestion in Auckland.