Government’s Investment Summit
This week, the Government is hosting a grand event aimed at trying to interest big foreign capital players in financing capital works in New Zealand, particularly its big rural motorway programme. Financing vs funding: a quick explainer
The key word in the sentence above is financing.…
32 Comments Council to look at using PPPs
Len Brown has announced that the city will be looking at using Public Private Partnerships (PPPs) to help fund building some of Auckland’s infrastructure. Here’s the press release.
Public-private partnerships an option for Auckland
Auckland needs to take a good hard look at public-private partnership models for funding infrastructure says Mayor Len Brown, to relieve the financial burden on ratepayers and taxpayers.…
The realities of Puhoi to Wellsford
The sheer stupidity of the Puhoi to Wellsford project might be starting to hit home for some of the residents of Warkworth and surrounding areas as the exact route of the motorway starts to be understood.
Warkworth residents hoping for a link from the Woodcocks Rd industrial area to the new motorway proposed from Puhoi appear to have had their hopes dashed.…
My issue with the Transmission Gully PPP
Whether or not transport public-private partnerships (PPPs) are a good idea has once again reared its head in recent times – due to discussion about the Transmission Gully project near Wellington. The Transmission Gully project (which is a decidedly dodgy project regardless of how it’s funded) will cost around $1 billion to build, but because the construction will be done through a PPP the amount of money that will eventually be paid by NZTA is more like $3 billion.…
Transmission Gully PPP discussed in Parliament
Yesterday in Parliament Julie Anne Genter asked Bill English about the PPP that is going to be used for Transmission Gully. I think the thing I am most concerned about from the answers is just how little he appears to know about the deal, something you would think he would have a good understanding of due to being the minister of finance.…
Did the NZTA just admit they are incompetent
Last week the NZTA and government announced that they were going to build Transmission Gully using a PPP and in the process seem to either shovelled a whole pile of ideological crap or admitted they are completely incompetent at the one thing we thought they seemed good at, building roads.…
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