CCDU market update welcomed

CCDU market update welcomed

Media Statement
2 July 2013

The early commitment by the Christchurch Central Development Unit (CCDU) to a timeline of regular and substantive market updates, including changes to the structure of CCDU, and the procurement process for horizontal infrastructure and anchor projects, is welcomed by the New Zealand Council for Infrastructure Development (NZCID).

“It signals a clear intent for greater private sector engagement in the next phase of the rebuild”, says Stephen Selwood, CEO, NZCID.

The process outlined in the market update not only addresses the absence of timeline information and the need for integration of planning across projects, but also recognises the requirements of the private sector for a procurement pipeline to ensure the best allocation of resources, both private and public, as the comprehensive rebuild phase approaches.

Continued transparency through updates and briefings will go a long way in providing certainty to the private sector, giving them the confidence to invest and commit resources, depending on the scale of the investment opportunity. The more information that can be provided in a timely manner to the construction and finance sectors, the stronger the competition and the greater the capacity of the industry to deliver.

While the market continues to support and express interest in the upcoming projects, strict adherence to the timeline provided is essential in order to maintain confidence. “We are pleased to see an early response by CCDU with its initial market update and look forward to seeing the detailed procurement milestones set out in the next releases planned in August and September”, says Selwood.

ENDS

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