CPB Contractors and Pacific Partnerships to deliver third New Zealand Schools PPP initiative
14 March 2017
CPB Contractors and
Pacific
Partnerships have been selected by the
New Zealand Government as the
preferred proponents to deliver the third
New Zealand Schools PPP
initiative.
The contract is anticipated by the New Zealand Ministry of Education to
be worth more than NZ$200 million.
Revenue to the
CIMIC Group companies will be finalised at contract
execution, which is expected in the coming months.
CIMIC Group’s role in the project spans design, construction and
financing.
CIMIC Group Chief Executive Officer Adolfo Valderas said: “CIMIC Group’s
financial strength and diverse capabilities position us well to deliver
and service enduring assets, such as schools, that meet our clients’
needs. We look forward to delivering a project of such importance to
local families and communities and to working with the New Zealand
Ministry of Education.”
Pacific Partnerships Managing Director Angel Muriel said: “Through CIMIC
Group’s PPP expertise and experience in complex social projects, we will
deliver a seamless, end-to-end service, and high-quality assets of
long-term value.”
CPB Contractors Managing Director Román Garrido said: “Delivering new
and upgraded social infrastructure is one of our core capabilities, and
we continue to work with the New Zealand Ministry of Education towards
innovative design and cost‐effective construction solutions to the
benefit of this project.
“Our team will be engaging with local workers and businesses towards
increased job and work opportunities as the project progresses.”
Pacific Partnerships, together with HRL Morrison & Co managed PIP Fund 2
will provide financing for 25 years. Operational services will be
performed by Spotless.
CPB Contractors will deliver the design and construction in joint
venture with Christchurch-based company Southbase Construction.
This third New Zealand Schools PPP initiative includes the design and
construction of four new primary schools (three in Auckland and one in
Hamilton) and the relocation and co-location of Shirley Boys’ High
School and Avonside Girls’ High School in Christchurch, as well as
operational services of the schools for 25 years.
The agreement is also expected to contain an expansion mechanism under
which the Ministry of Education has the right to add additional schools
to the project to the aggregate capital value of NZ$200 million.
The project’s construction phase is scheduled to start in the coming
months, with the schools set to open in 2019.
--ENDS--
Source: CPB Contractors - www.cpbcon.com.au
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