NO

ASPECTS

DESCRIPTION

19.

Land Acquisition

The Crown retains ownership of the land throughout the life of the PPP project. Where necessary, the Crown will acquire any land and gain designation consents required, under the Resource Management Act 1991, for a project prior to the commencement of the PPP procurement process.

20.

Foreign ownership shares

The Overseas Investment Office must grant consent for any investment by overseas investors in sensitive New Zealand assets - including in relation to 'sensitive' land and high value businesses (worth more than $100 million).  However, there is no specific limitation on foreign investment in PPP projects or limitation as part of PPP policy.  International investors may hold equity in the Contractor Special Purpose Vehicle for the project, or participate in the Contractor consortium.

21.

Nature/ Scope of PPP Capacity Building Interventions/ Programs

While there are no formal capacity building programmes for government agencies, the Treasury PPP Team is responsible for the development of the PPP programme and engages with all government agencies where capability and capacity building is required. This team also engages with a number of agencies and private sector participants through participation in regular seminar and conference presentations.

The Treasury PPP Team acts as a central government centre of expertise which ensures that capability is built, retained and shared across all of government while avoiding the need for each agency to develop its own expertise.