The contract is anticipated by the New Zealand Ministry of Education to be worth more than NZ$200 million.
Revenue to the CIMIC Group companies will be finalised at contract execution, which is expected in the coming months.
CIMIC Group’s role in the project spans design, construction and financing.
CIMIC
Group Chief Executive Officer Adolfo Valderas said: “CIMIC Group’s
financial strength and diverse capabilities position us well to deliver
and service enduring assets, such as schools, that meet our clients’
needs. We look forward to delivering a project of such importance to
local families and communities and to working with the New Zealand
Ministry of Education.”
Pacific Partnerships Managing Director
Angel Muriel said: “Through CIMIC Group’s PPP expertise and experience
in complex social projects, we will deliver a seamless, end-to-end
service, and high-quality assets of long-term value.”
CPB
Contractors Managing Director Román Garrido said: “Delivering new and
upgraded social infrastructure is one of our core capabilities, and we
continue to work with the New Zealand Ministry of Education towards
innovative design and cost-effective construction solutions to the
benefit of this project.
“Our team will be engaging with local
workers and businesses towards increased job and work opportunities as
the project progresses.”
Pacific Partnerships, together with
HRL Morrison & Co managed PIP Fund 2 will provide financing for 25
years. Operational services will be performed by Spotless.
CPB
Contractors will deliver the design and construction in joint venture
with Christchurch-based company Southbase Construction.
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 is also
expected to contain an expansion mechanism under which the Ministry of
Education has the right to add additional schools to the project to the
aggregate capital value of NZ$200 million.
The project’s construction phase is scheduled to start in the coming months, with the schools set to open in 2019.