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Bell Gully supports PPP for vital infrastructure project
Bell Gully has made a submission to the Government backing the use of public private partnerships (PPP) for important New Zealand infrastructure development such as the Waterview Connection.
The Government is investigating the feasibility of progressing the Waterview Connection, a proposed State Highway extension that runs from Mt Roskill to the Northwestern Motorway in Auckland, as a PPP.
A joint public sector-private sector Waterview Connection Procurement Steering Group is conducting the investigation into the feasibility of a PPP, evaluating it alongside a conventional public sector procurement method, and will report to the Ministers of Finance and Transport. The Steering Group is chaired by Sir Brian Elwood as an independent chairperson andcomprises representatives from the Treasury, Ministry of Transport, New Zealand Council for Infrastructure Development, Business New Zealand and Auckland Chamber of Commerce.
Treasury has been receiving submissions from interested parties.
In its submission, Bell Gully's Infrastructure and Projects Group says PPPs represent best international practice for assisting projects to be delivered - with innovation, on time and on budget.
"New Zealand is in a unique position of being able to draw on 15 years of international experience with PPPs to choose the best features of existing funding structures and to adapt them for New Zealand's needs. The level of local and international private sector interest in the Waterview Connection should ensure a level of competitive tension that drives best case outcomes."
The read the submission in full click here.
