PPP investigated for $800m NZ highway
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.