Third New Zealand Schools PPP

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Client
New Zealand Government
Location
New Zealand
Project dates
Apr 2017 - 2019
Status
Current
Contract type
Design, construction and financing
Value
NZ$113 million
Group Company
CPB Contractors Pacific Partnerships Logo
Project details

CIMIC Group companies Pacific Partnerships and CPB Contractors have been awarded the third New Zealand Schools PPP initiative by the New Zealand Government.

CIMIC Group’s role in the project spans design, construction and financing.

The contract will generate revenue to CIMIC of approximately NZ$113 million1 over the design and construction period.

CPB Contractors will deliver the design and construction program as part of a 60:40 joint venture with Christchurch-based company Southbase Construction.

Pacific Partnerships, together with HRL Morrison & Co managed PIP Fund 2, will provide financing for 25 years. Operational services will be performed by Spotless.

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

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

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