Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Public sector commitment crucial for PPPs to succeed


27 November 2013

Public sector commitment and certainty crucial for PPPs to succeed

Of course Auckland needs to take a good hard look at public-private partnership models for funding badly needed infrastructure says Auckland Chamber of Commerce head Michael Barnett.

With a long list of unfunded major projects it is past time that Auckland seriously looked at new options to relieve the financial burden on ratepayers and taxpayers.

The potential of PPPs and other alternative options in use elsewhere such as more efficient use of assets and greater ‘user pay’ should be part of the debate.

Putting aside the consideration that the Mayoral Funding Group that earlier in the year looked at alternatives for funding Auckland transport didn’t seriously look at these options, Mr Barnett agreed that PPPs deserved serious attention. “But we can’t keep debating these options endlessly. They need to be tied to specific projects and provided as a specific funding solution.”

The E&Y report makes clear that the private sector will only become interested in infrastructure PPPs when they are assured the public sector is fully committed.

We need any PPP project to be defined exactly and undertaken in a way that ensures the private sector is contracted to take on all the risk, and especially traffic risk in transport projects.

Another critical factor in defining a PPP project is to ensure the scale will be sufficiently attractive to the finance market.

Auckland projects of scale that might provide scope for a PPP could be to link the long-debated Penlink project to provide a toll road to the Whangaparoa Peninsula with the Road of National Significance (RONS) extension of SH1 between Puhoi and Wellsford, suggested Mr Barnett.

“The principle of PPPs is not a debate we can sensibly have unless it is tied to specific projects and a business case showing the benefits and the specific projects value,” said Mr Barnett.


ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

International Rankings: Student Results 'Show More Resourcing Needed'

NZEI: "For the second time in a week, international assessments show we have a problem... We need to put more resources into schools in high poverty communities to ensure all kids get the support they need."

New Zealand had only held relatively steady in international rankings in some areas because the average achievement for several other OECD countries had lowered the OECD average -- not because our student achievement has improved. More>>

 

Salvation Army Report: Beyond The Prison Gate Report

A new Salvation Army report says changes must be made to how prisoners re-enter society for New Zealanders to feel safe and secure in their homes and communities. More>>

ALSO:

Surprise Exit: Gordon Campbell On The Key Resignation

The resignation of John Key is one thing. The way that Key and his deputy Bill English have screwed the scrum on the leadership succession vote (due on December 12) is something else again. It remains to be seen whether the party caucus – ie, the ambitious likes of Steven Joyce, Judith Collins, Paula Bennett, and Amy Adams – will simply roll over... More>>

ALSO:

Q+A: Labour's Michael Wood Wins Mt Roskill

Labour’s Michael Wood, who last night won a 6,000 vote majority in the Mt Roskill by-election, says the reason for the win was simple, clear messaging... More>>

ALSO:

Gordon Campbell: On Anne Tolley’s Callous Folly

Last week’s conflict between Social Development Minister Anne Tolley and District Court judge Carolyn Henwood illustrated quite a few of the flaws in the system. More>>

ALSO:

Members’ Bills: Greens' Domestic Violence And Loans Bills Pulled From Ballot

Jan Logie’s Domestic Violence-Victims' Protection Bill introduces workplace protections for victims of domestic violence, including allowing victims to request paid domestic violence leave for up to 10 days... Gareth Hughes’ Bill allows Kiwis with student loans to defer their student loan repayments into a first home savings scheme. More>>

ALSO:

IPCA: Police Did Not 'Deliberately' Use Pepper Spray On 10-Year-Old

"When spraying the man, the officer did not properly consider the necessity of using pepper spray in a confined space, the likelihood that it would affect the other innocent passengers or the fact that he was using a more powerful spray." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news