New Zealand seeks financial advisor for education PPP project

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New Zealand seeks financial advisor for education PPP project

The govermement of New Zealand, though the Ministry of Education, has launched a tender process to hire financial and commercial advisors to launch education PPP projects as a part of its the next wave of new schools and major redevelopments.

The Ministry of Education is developing a detailed business case for the approach to delivering the next wave of new schools and major redevelopments. One option for the delivery of some of these new schools is a PPP.

Financial and commercial advisory services are sought to support the development of this business case and, subject to Cabinet approval of the use of a PPP, the services that would be required to support the procurement and execution of a PPP contract.

Interested parties must submit their proposals on of before 3 July 2015.

The Ministry will hold a briefing session for suppliers tomorrow. The session will be held at Ministry of Education, St Pauls Square, 45-47 Pipitea Street, Wellington and via teleconference (and potentially videoconference). Teleconference (and videoconference if applicable) details will be provided to confirmed attendees closer to the date.

In early May we reported that New Zealand Ministry of Education and Future Schools Partners (FSP) have achieved commercial and financial close for NZ$298 million public private partnership (PPP) contract to build four schools. Under a PPP, the private partner is responsible for designing, financing, building and maintaining the school property for a period of 25 years. The total project investment is estimated at NZ$200 million (US$150 million).

See tender announcement:

https://www.gets.govt.nz/MEDU/ExternalTenderDetails.htm?id=12720813

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