Auckland Light Rail project canceled
The New Zealand government cabinet has agreed to end the twin-track Auckland Light Rail PPP project and refer the project to the Ministry of Transport for further work. Despite extensive cross-party consultation, Government parties were unable to reach agreement on a preferred proposal. The future of the project will now be decided by the government following September’s general election.
In the tendering process, two proposals were received from NZ Infra (a joint venture of NZ Superannuation Fund and Canadian institutional investors CDPQ Infra) and Waka Kotahi NZ Transport Agency.
The Ministry of Transport and the Treasury will work with both Auckland Council and Auckland Transport, as well as other agencies, to prepare options for the new government to consider.
Country updates
-
-
May 15, 2020
First state investment to acquire Ultrafast Fiber
Electricity distributors WEL Networks Limited (WEL) and Waipa Networks Limited (Waipa) have agreed to sell their shares in UFF Holdings Limited, the holding company for Hamilton-based fibre business U...
Read more -
May 06, 2020
John Laing Group divest 30 % interest in Auckland South Corrections Facility PPP
John Laing Group plc announced that it has completed the sale of its 30% interest in Auckland South Corrections Facility to AMP Capital for a price in-line with the Group's latest valuation. This 960...
Read more -
February 05, 2020
New Zealand to spend US$ 7.75 billion on transportation and social projects
The government of New Zealand has launched spending commitment from NZD 12 billion (US$ 7.75 billion) infrastructure fund on projects of rail, road and health sectors. The government will spend NZD 6....
Read more -
February 04, 2020
Macquarie divest stake in Oceania Healthcare
Macquarie Group has sold its 41% stake in Oceania Healthcare for NZD 301.4 million (US$ 194.77 million). The transaction was executed by the block trade agreement. Oceania Healthcare provides an...
Read more -
January 03, 2020
EQT Infrastructure enters into an agreement to acquire Metlifecare
Asia Pacific Village Group Limited (APVG), an entity owned by EQT Infrastructure IV fund and managed by EQT Fund Management S.à r.l., has entered into a Scheme Implementation Agreemen...
Read more
