Transmission Gully

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Client
New Zealand Transport Agency
Location
New Zealand
Project dates
Jul 2014 - 2017
Status
Current
Contract type
Public Private Partnerships
Value
$800 million
Group Company
CPB Contractors
Project details

CPB Contractors, as part of the Wellington Gateway Partnership (WGP), and through an availability based Public Private Partnership (PPP) with the New Zealand Transport Agency (NZTA) are delivering the NZ$1 billion Transmission Gully Motorway.

WGP will finance, design and construct the project, and then operate and maintain the 27km Transmission Gully Motorway from 2020 for a period of 25 years. The contract value to CPB Contractors is approximately $800 million.

The project is New Zealand’s first state highway to be delivered as a PPP. Financial close follows WGP’s selection as the preferred bidder in December 2013.

WGP includes CPB Contractors, HEB Construction Ltd, InfraRed Capital Partners, Bank of Tokyo-Mitsubishi UFJ (BTMU) and the Accident Compensation Corporation (ACC).

CPB Contractors:

  • is the special purpose vehicle manager for WGP
  • has a majority role in the design and construct subcontract with JV partner HEB Construction

Equity investors in the project are the CIMIC Group, contributing 15%, InfraRed and ACC.BTMU is financial advisor with funding provided by local and international banks.In recent months WGP has consulted with the Greater Wellington Regional Council, territorial authorities and local Māori, and continues to finalise relevant approvals and consents. At its peak the construction phase will employ approximately 700 people.

CPB Contractors has a strong presence in New Zealand and has previously worked with NZTA to successfully deliver major projects including the SH20-1 Manukau Extension (2010), the Newmarket Viaduct Replacement (2012) and the current SH16 Causeway Upgrade which is scheduled for completion in 2017.

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