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.