Latest / Best of Business / Chris Bishop: Infrastructure Minister on the growing demand to invest in New Zealand's projects and industries

Transcript

Chris Bishop: Infrastructure Minister on the growing demand to invest in New Zealand's projects and industries · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talk zed B.
• 0:12
  Speaker 1: Follow this and our wide range of podcasts now on iHeartRadio.
• 0:16
  Speaker 2: Good evening, it is five seven Monday, tenth of February.
• 0:19
  Speaker 2: Great to have your company. The Prime Minister announcing a
• 0:22
  Speaker 2: two day international summit which will take place mid next month.
• 0:25
  Speaker 2: LUs And says it will bring global investment leaders here
• 0:29
  Speaker 2: as part of the government's economic growth agenda. Infrastructure Minister
• 0:32
  Speaker 2: Chris Bishop is with me. Good evening, Good evening. Who's coming. Well,
• 0:38
  Speaker 2: we'll be publishing the.
• 0:41
  Speaker 3: List of it closer to the time so you'll be
• 0:43
  Speaker 3: able to see who's coming. But we've had over subscription
• 0:46
  Speaker 3: so far from global investment companies, pension funds from around
• 0:50
  Speaker 3: the world for example, who are looking to invest in
• 0:53
  Speaker 3: New Zealand. And in fact we've about one hundred chairs
• 0:58
  Speaker 3: and CEOs from around the world coming. We've actually been oversubscribed,
• 1:00
  Speaker 3: so now be a waiting list.
• 1:02
  Speaker 2: So your black Crocs, your vanguards, your JP Morgan's O.
• 1:06
  Speaker 3: There's a variety of investment vehicles around the world. I
• 1:12
  Speaker 3: couldn't tell you, but there's a variety of investment vehicles
• 1:15
  Speaker 3: around the world. I have looked at the list for
• 1:17
  Speaker 3: the last few days. But I can tell you that
• 1:19
  Speaker 3: there's a huge interest from around the world in the
• 1:22
  Speaker 3: New Zealand economy.
• 1:23
  Speaker 2: Would jump out, wouldn't it. I mean, if you'd seen
• 1:24
  Speaker 2: Black lit Rock, you'd probably remember it was on there.
• 1:28
  Speaker 3: I haven't seen the list in the last few days,
• 1:29
  Speaker 3: so I can't I can't give you it, can't give
• 1:31
  Speaker 3: you it, but well, we will be publishing the list
• 1:32
  Speaker 3: bit close to the time, all right.
• 1:34
  Speaker 2: Sweet when you say it's oversubscribed, what do you mean
• 1:36
  Speaker 2: that you have room for one hundred people and those
• 1:39
  Speaker 2: hundred seats are taken and why only a hundred?
• 1:43
  Speaker 3: We wanted it to focus on how you know, the
• 1:45
  Speaker 3: highest value investment and the and the you know, the
• 1:49
  Speaker 3: global leaders and when it comes to infrastructure and investment
• 1:53
  Speaker 3: and more investment more broadly, so we'll be looking at
• 1:56
  Speaker 3: whether or not we can expand the number of people
• 1:57
  Speaker 3: who can come to the summit. But what we're doing
• 2:00
  Speaker 3: is sending the message that New Zealand is open for
• 2:02
  Speaker 3: business and that this is about jobs and growth and
• 2:05
  Speaker 3: investing in the enormous potential of the Zealand economy, which
• 2:08
  Speaker 3: is something that New Zealand needs.
• 2:10
  Speaker 2: To do absolutely. But one hundred SEMs a random number.
• 2:12
  Speaker 2: I mean why not you know, whoever wants to come
• 2:14
  Speaker 2: can come, whoever's got money.
• 2:17
  Speaker 3: Well it's no more random than a one hundred and
• 2:19
  Speaker 3: one or one hundred and two. I mean, like it's
• 2:20
  Speaker 3: just a number.
• 2:21
  Speaker 2: Why limit? I guess were you worry these lasses wouldn't
• 2:24
  Speaker 2: get filled?
• 2:25
  Speaker 1: No?
• 2:26
  Speaker 2: No, no, not at all.
• 2:26
  Speaker 3: Mean New Zealand is hosting the summit, so the investors
• 2:29
  Speaker 3: who are coming are paying for their way here. But
• 2:31
  Speaker 3: we're we're hosting the summit ourselves, so there's not you know,
• 2:33
  Speaker 3: we're not going to have you know, like a thousand people.
• 2:36
  Speaker 3: But what we are trying to do is get high
• 2:37
  Speaker 3: value investment into New Zealand. We want jobs and growth
• 2:40
  Speaker 3: and there's, as I say, a huge degree of interest
• 2:42
  Speaker 3: from around the world in it.
• 2:43
  Speaker 2: What kinds of projects are we talking about here is
• 2:45
  Speaker 2: that mainly infrastructure projects, is that the fast track projects.
• 2:49
  Speaker 3: There will be investment opportunities presented at the summit, largely
• 2:53
  Speaker 3: around public infrastructure, but it's also about talking about a
• 2:56
  Speaker 3: pipeline of opportunities into the future. So it's not just
• 2:59
  Speaker 3: about investment opportunities in the the next six months or
• 3:02
  Speaker 3: year or so. That will come to market from the
• 3:04
  Speaker 3: government's point of view, but also.
• 3:05
  Speaker 2: About the long term pipeline.
• 3:07
  Speaker 3: Clearly we've got the Roads of National Significance, which is
• 3:09
  Speaker 3: a long term procedure of projects that we want to
• 3:14
  Speaker 3: build around the country. But we've also got big investment
• 3:17
  Speaker 3: needs when it comes to health infrastructure, school infrastructure for example.
• 3:20
  Speaker 3: But we'll also be showcasing opportunities around renewable energy, around
• 3:24
  Speaker 3: advanced transportation, around the Marie economy for example. So there'll
• 3:29
  Speaker 3: be an EE component to the summit as well, So
• 3:31
  Speaker 3: it'll be about showcasing some of those other sectors which
• 3:33
  Speaker 3: are real growth potential sectors for New Zealand as well
• 3:36
  Speaker 3: where there might be private sector investment that flows into
• 3:39
  Speaker 3: private business.
• 3:40
  Speaker 2: All right, Minister, thank you very much for your time.
• 3:42
  Speaker 2: Appreciate it. That is Chris Bisious, the Infrastructure Minister, talking
• 3:45
  Speaker 2: about the summit that's taking place taking place mid next
• 3:48
  Speaker 2: month here in New Zealand.
• 3:49
  Speaker 1: For more from News Talks b listen live on air
• 3:53
  Speaker 1: or online and keep our shows with you wherever you
• 3:55
  Speaker 1: go with our podcast on iHeartRadio.