New Zealand Infrastructure Funding

2045 funding methodologies for sustainable and resilient infrastructure

19 - 20 Mar 2019Crowne Plaza, Auckland
Event Details

Agenda

8.30
Registration and coffee
Joint Plenary - NZ Infrastructure Funding and Urban Futures NZ conferences
9.00
Opening remarks from the Chairs
Fleur Aldridge, Senior Solicitor, Auckland Council
Rachel Devine, Partner - Environment, MinterEllisonRuddWattts
9.10
Ministerial Address
Minister under invitation
9.30
Realising the vision of the Thirty Year New Zealand Infrastructure Plan 2015
  • Understanding the goals for resilient and coordinated infrastructure and its implications for NZ
  • Delving into the pipeline for funding and how it meets NZ infrastructure needs
  • Placing strategic value and quality of life as the core objective and how this fits with the overall infrastructure plan
Thomas Simonson, Principal Regulatory Advisor, Local Government New Zealand
10.10
Morning Break - Breaks into NZ Infrastructure Funding and Urban Futures NZ conferences
Comparing global infrastructure funding mechanisms
10.40
International Keynote: Lessons from infrastructure funding and financing in Asia-Pacific
  • Who is investing and why?
  • What are the key innovations?
  • Assessing the market risk appetites
  • Who is New Zealand competing with?
Alex Sundakov, Executive Director, Castalia (Australia)
11.15
International keynote: Singapore's perspective - current trends in the infrastructure debt market
  • What are the new trends and what role can Singapore play to transform and deepen the debt market?
  • Will government guarantee for long-term borrowings affect the market confidence to build critical national infrastructure?
  • Exploring ways to lower financing costs to fund major infrastructure spending
Boon Chin Hau, Managing Director, Infrastructure / Head, Asia & Emerging Markets, GIC Private Limited (Singapore)
*GIC is a leading global investor that manages Singapore’s foreign reserves with the aim of achieving good long-term returns to preserve and enhance the international purchasing power of the reserves
11.50
International keynote: A review of infrastructure funding mechanisms in China
  • Gaining insights on how the Chinese government identifies and pursues ways to deliver infrastructure through development financing methods
  • How do these mechanisms shape the Chinese infrastructure landscape and the opportunities created?
  • What effects would interest rates rises have on global infrastructure funding market?
  • Emerging challenges facing cross-border funding
  • Supporting the Regional Growth Fund for local Chinese infrastructure projects that can make a real difference to regional economies
Christopher Tan, Partner, Corporate Finance and Capital Projects & Infrastructure, PwC (China)
12.30
Lunch break
Models and mechanisms for funding infrastructure
1.30
Panel Discussion

Expectation vs the reality in NZ infrastructure funding landscape

What are the expectations for government investment vs private investment and are we meeting the current needs?

  • What models of funding are working? Looking into: PPP, fuel tax, pay as you go and private investment
  • What other models can we adopt from more developed cities?
  • Does the current regulatory framework support economic and urban growth?
Anton Murashev, Managing Director, Castalia
Thomas Simonson, Principal Regulatory Advisor, Local Government New Zealand
Will Goodwin, Head of NZ Direct Investment, Guardians of NZ Superannuation
2.10
The Local Government Funding Review: Findings and implications so far
  • Identifying the key factors that push up the cost of NZ building infrastructure and influence the sustainability of the local govt funding system
  • What changes can we expect to see in local government infrastructure funding going forward?
  • Addressing the issue of how to maintain infrastructure and services previously funded by a larger funding base
  • The expected gain from co-operation between public and private sectors
  • Funding models that bring equity to both large population and small regions
Raf Manji, Chair of Finance and Performance Committee, Councillor for Waimairi, Christchurch City Council
2.50
Funding sustainable water infrastructure
  • What is the requirement for new water infrastructure in the face of NZ’s key challenges (e.g. affordability, sustainability, climate change)?
  • What are the funding opportunities for water infrastructure where community outcomes are identified as the key driver?
  • Exploring ways to compete and generate a strong funding case to enable these significant investments
Dr Haydn Read, Managing Director - Infrastructuralist, The Consortia
3.30
Afternoon break
4.00
How the PPP model works best in the NZ market
  • Is PPP still relevant as a financing mechanisms in the NZ market?
  • Which sectors in NZ align well with PPP models?
  • Exploring alternative PPP funding and financing options
  • Old vs new PPP settings
Tom Fail, Partner, MinterEllison RuddWatts
4.40
Funding a sustainable, reliable and affordable energy system
  • What are the emerging trends and disruptions we expect in energy in the next 5-30 years?
  • What funding needs will there be across the energy value chain?
  • Discussing the drivers that motivates the financing and investment in renewable energy
Dr Stephen Jay, General Manager, Grid Development, Transpower
5.20
Summary remarks from the Chair & Networking Drinks
9.00
Welcome back from the Chair
Fleur Aldridge, Senior Solicitor, Auckland Council
Infrastructure financing supporting sustainable growth
9.10
Reviewing the Wellington City Council 10-year infrastructure plan
  • Is Wellington City Council on track to being NZ’s cultural capital and equipped with modern transportation network?
  • Exploring ways to fund the strategic infrastructure priorities on transport, water and affordable housing sectors
  • Determining which funding mechanisms works best in Wellington: increased rates, borrowing, grants or government subsidies
Chris Calvi-Freeman, Councillor - Eastern Ward, Wellington City Council
9.50
Central and local government collaboration in infrastructure financing
  • Why Auckland needs collaboration to finance its growth?
  • Insights from Auckland Council’s recent collaborations (City Rail Link, Housing Infrastructure Fund, Crown Infrastructure Partnerships, regional fuel tax)
  • Addressing the legislative, institutional and cultural barriers to collaboration
  • Do we need to move from collaboration to a more liberal revenue raising environment for local government?
David Wood, Director Finance and Policy, Office of the Mayor, Auckland Council
10.30
Morning break
10.50
Applying Special Purpose Vehicles (SPV) to fund NZ housing infrastructure
  • Analyse the rationale and objective of allocating interest-free loans for councils in high growth areas
  • Enhancing flexibility in infrastructure financing and the incentives
  • Is SPV the way to go as an alternative approach to councils facing up to their debt limits?
  • Reviewing NZ governance direction of Special Purchase Vehicle (SPV) for funding future government infrastructure
Louise Marsden, Direct Investments, ACC
11.30
Reviewing alternative funding mechanisms as a sound mechanism to support infrastructure funding
  • What is the role of alternative funding mechanisms to bring forward infrastructure development where councils face balance sheet constraints?
  • What are the pros and cons of alternative funding mechanisms?
  • Is value capture tax beneficiaries the answer to bridge the funding gap to pay for the rail and roading infrastructure that NZ need?
  • What role can value analysis and capture and what part they could play in the future planning system?
Carl Blanchard, Partner, PwC
12.10
Panel Discussion

Is asset recycling the silver bullet that can bridge the financing gap for infrastructure?

  • Exploring Australia’s success and challenges in applying asset-recycling model
  • What are the challenges and risk associated with emulating the same model for NZ
  • What is there to know regarding greenfield and brownfield in asset recycling
Hugh Chapman, CEO, SkyCabs International Ltd
Blair Keenan, Principal Economist, Waikato Regional Council
Carl Blanchard, Partner, PwC
12.50
Lunch break
Funding different sectors of infrastructure
1.50
Attracting more foreign investment in tourism infrastructure
  • Bridging infrastructure gaps that have high tourism impact
  • Injecting substantial infrastructure funding to ensure tourism growth is sustainable
  • Commissioning a team to estimate the scale of need for local and mixed use infrastructure
Kerry Prendergast, Chair of TNZ and NZCA, Tourism New Zealand
2.20
Funding intelligent transport system (ITS) and automated vehicle infrastructure
  • Understanding the transport investment opportunities: Our choice, the most liveable city or sliding further down the scale
  • To what extent will public and private autonomous vehicles require a dedicated and improved infrastructure to fully unlock its potential
  • How does this demand fit in with the existing situation of infrastructure, its management and funding
Hugh Chapman, CEO, SkyCabs International Ltd
2.50
Afternoon break
3.10
Legal aspects of funding infrastructure projects
  • Exploring the difference at local and regional level
  • Analysing the legal changes that need to be made to funding and taxation legislations to allow NZ councils to support growth
  • Assessing the major legal issues expected to arise when apply to infrastructure development
Ross Pennington, Partner, Chapman Tripp
3.50
Funding digital infrastructure and smart cities
  • Funding infrastructure for 5G, cloudscape, virtualisation and IoT applications
  • Exploring innovative funding and market-access mechanisms to promote market-based infrastructure investments in NZ
  • Unlocking new sources of capital for the businesses involved in digital infrastructure
Mark Thomas, Managing Director, Serviceworks Group
4.30
Summary remarks from the Chair
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