26 August 2008
Media Release
Thorough Risk Assessment Vital for Success of Waterview PPP
“A positive step forward.”
Welcoming today’s government announcement that the Waterview Connection could well be New Zealand’s first PPP, project
co-ordinator Tony Garnier stressed that the completion goal of 2014/15 for completing Waterview Connection project
should be kept firmly in mind.
At the same time, as a pioneering the project which could pave the way for other PPPs in the future such as a new
Auckland Harbour Crossing, it is vital that Waterview’s design, management and risk allocation is undertaken carefully
and thoroughly.
A critical success factor for putting a PPP platform in place is to ensure that the right groups carry the appropriate
risk – consenting is a risk government should probably take, and design, build and construct is an area the private
sector may well best carry.
While noting that officials have been asked to undertake further work on project details before formally committing to a
PPP for Waterview, it is a confidence boost that the Government announcement today when releasing the Steering Group
report has confirmed a firm announcement will be made no later than October or early November at the latest – that is,
before the election.”
• ends