The New Zealand PPP programme was established in 2009, with the first transaction, Hobsonville Schools PPP, completed in April 2012. Six PPP projects have now reached FC, with another two currently in various stages of the procurement phase (see table 1).
The introduction of PPP procurement in New Zealand was intended to improve the focus on, and delivery of, service outcomes from major infrastructure assets. In addition, the approach brings a whole of life perspective to asset management that provides greater cost certainty, an optimal risk allocation and a payment regime for good performance.