The New Zealand Public Private Partnership (PPP) Programme is coordinated by the Infrastructure Commission, formerly the Infrastructure Transactions Unit (ITU) of Treasury. Updated PPP guidance material and project information will be published here from time to time.
Public Private Partnerships
In the New Zealand context, a Public Private Partnership (PPP) is:
a long term contract for the delivery of a service, where the provision of the service requires the construction of a new asset, or the enhancement of an existing asset, that is financed from external (private) sources on a non-recourse basis and where full legal ownership of the asset is retained by the Crown.
The primary purpose of PPP procurement is to improve the delivery of service outcomes from major public infrastructure assets by:
- integrating asset and service design
- incentivising whole of life design and asset management
- allocating risks to the parties who are best able to manage them, and
- only paying for services that meet pre-agreed performance standards.
The Infrastructure Commission was established to support government agencies, local authorities and others to procure and deliver major infrastructure projects. As part of this role it is responsible for:
- developing PPP policy and processes
- assisting agencies with PPP procurement
- the Standard Form PPP Project Agreement
- engaging with potential private sector participants, and
- monitoring the implementation of PPP projects.