PPP investigated for $800m NZ highway

21 August 2012 New Zealand�s NZ$1bn (US$800m) Transmission Gully highway project is being considered as a PPP following the signing of the country�s first two projects under the model earlier this year.

Transport Minister Gerry Brownlee said the 27km link between MacKay's Crossing and Linden in Wellington would be "ideal for a PPP" and has asked the New Zealand Transport Agency (NZTA) to report back to him in October on options for funding the project.

Following a fall in government revenue, NZTA’s US$203m borrowing limit was recently lifted in order to support its $9bn roads programme. There have recently been reports that Chinese investors would be interested in funding the Wellington scheme.

Public-private partnerships are also under discussion in New Zealand for schools, ports, radio networks and hospitals.

"We hope the government through the National Infrastructure Unit will continue to develop and tap the potential of the PPP market," said David Green, managing director of ANZ's institutional bank in New Zealand last week.

View Printer Friendly Page

Back to Latest News

This page was last updated on:
23 April 2013.

Most Read Stories

Editorial Blog

When it rains, it pours

Similar to the UK, Australia�s recent federal Budget announcements placed infrastructure high on its hit list, but is the timeframe for projects merely a political stunt asks Aaron Weinman

Editorial Interview

On good authority

With uncertainty surrounding Puerto Rico's PPP Authority, Dan Colombini talks to its former director, and newly-appointed principal consultant at Parsons Brinckerhoff, David Alvarez. He discusses the US P3 market and making the switch to the private sector

Register here

Want to see more first? Try our free preview...