Did you know that there is a version of The Construction Index for the USA? Visit the site No thanks
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Sat April 29 2017

Related Information
Related Information
Related Information
Related Information

News » International » NZ awards third schools PPP package » published 13 Apr 2017

NZ awards third schools PPP package

The New Zealand government has awarded its third schools public-private partnership (PPP) contract.

Cimic Group’s role in the project spans design, construction and financing of four new primary schools plus the relocation of two high schools. The contract will generate revenue to Cimic of approximately NZ$113m (£63m) over the design and construction period. Cimic’s CPB Contractors will deliver the design and construction program as part of a 60:40 joint venture with Christchurch-based company Southbase Construction. Fellow Cimic business Pacific Partnerships, together with HRL Morrison & Co, will provide financing for 25 years. Operational services will be performed by Spotless.

Three of the new primary schools in the third New Zealand Schools PPP initiative are in Auckland and the other is in Hamilton. The work also includes the relocation and co-location of Shirley Boys’ High School and Avonside Girls’ High School in Christchurch, as well as operational services for the schools for 25 years.

The agreement contains an expansion mechanism under which the Ministry of Education has the right to add additional schools to the project.

CPB Contractors managing director Román Garrido said: “Our team is committed to utilising innovative design techniques and cost-effective construction methodologies to ensure all project objectives are realised.

“To ensure sustainable and successful delivery, we are focused on maximising the participation of local businesses and enhancing local workforce capabilities, which will benefit future schools initiatives and broader regional infrastructure projects.”

The project’s construction phase is scheduled to start in July 2017, with the schools set to open in 2019.

 

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News, Contract News & Supplier News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 13 Apr 2017 (last updated on 13 Apr 2017).

More News Channels