Infrastructure

New Zealand has a chronic infrastructure deficit. Years of under-investment in existing infrastructure means that our ageing and degrading infrastructure assets are no longer fit for purpose.  

Investment in new infrastructure is challenging. Uncertainty arising from short political cycles, funding and financing constraints, an unnecessarily complicated regulatory and planning framework, a shallow pool of resources and rising construction costs all contribute to a complex problem.

Work highlights

Public private partnerships (PPPs)
Bell Gully has acted for the Crown on the delivery and implementation of all eight PPP projects to date, advising the New Zealand Transport Agency Waka Kotahi, the Ministry of Education and the Department of Corrections for the procurement of roads, schools and prisons.

Infrastructure Funding and Financing Act 2020
Advised Crown Infrastructure Partners (CIP) on the development of the model for infrastructure funding and financing transactions under the Infrastructure Funding and Financing Act 2020 (the Act). We have since advised the first transaction implemented under the Act which was a key milestone transaction for the funding of infrastructure in New Zealand, and financed thirteen transport projects across the Tauranga region. We have subsequently advised CIP on its financing and project documentation for the development of the wastewater minimisation facility in Wellington at Moa Point, which was the second transaction implemented under the Act.

"The team is able to not only identify the issues and possible solutions to a problem, but to go further to help us find a pathway through that issue in a way that mitigates risk and achieves our organisation’s objectives. The team has been working with our in-house team for less than two years and in my experience it is really rare to have a team so quickly understand our complex organisation’s objectives, risks and drivers in the way that Bell Gully has done."

IFLR1000 2023 - Tier 1