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Chris Bishop: Infrastructure Minister on the Government's first Infrastructure Investment Summit · Best of Business

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  Speaker 2: Good evening. The investments summit underway in Auckland right now
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  Speaker 2: and on the table. We've got PPPs to build, finance,
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  Speaker 2: maintain this new section of the Northern Expressway. We've got
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  Speaker 2: three new courthouses and a revamped Christ Church Men's prison.
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  Speaker 2: Brett Sheppard, he's from Craig's Investments, Investment Partners. He is
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  Speaker 2: there representing investors and he says, so far they're liking
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  Speaker 2: what they're hearing.
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  Speaker 3: The people I've talked to last night and again this
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  Speaker 3: morning absolutely committed on the basis that there was a
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  Speaker 3: continuation of a program that they believe so commit human capital,
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  Speaker 3: knowing that as bipartisan that'll see through an election cycle
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  Speaker 3: and it's on a sustainable basis, is Key.
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  Speaker 2: Chris Bishops and charges with us. Now, Hime, minister, good day,
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  Speaker 2: How are you good? Thank you? Anything tangible come out
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  Speaker 2: of this year? Or is it fair to say this
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  Speaker 2: is deals will be done later.
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  Speaker 4: Deals will be done later and in the coming weeks, months,
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  Speaker 4: in years ahead. This is about a long term pipeline.
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  Speaker 4: I mean one tangible commitment we've already had today from
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  Speaker 4: Plenary Group for example, is they've promised to set up
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  Speaker 4: in New Zealand office here and they promised to bid
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  Speaker 4: on the next five PPP opportunities that come up. So
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  Speaker 4: that is actually a commitment they've just made, i think
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  Speaker 4: in the last twenty four hours on the basis of
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  Speaker 4: what they've heard at the summer and then the lead
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  Speaker 4: up to it. So that's good.
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  Speaker 2: That is good. The bipartisan thing obviously very important. You've
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  Speaker 2: got Barbara edmund speaking tomorrow. How I mean, do you
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  Speaker 2: have an agreement that whatever you decide while you're in
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  Speaker 2: government they'll stick to because that's really what these guys
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  Speaker 2: want to know.
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  Speaker 4: Yeah, that's been a constant theme of today is hearing
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  Speaker 4: from the delegates. They like the fact that you've got
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  Speaker 4: national and labor in the room, being mature, grown up
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  Speaker 4: adults agreeing on working on a pipeline and also the
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  Speaker 4: funding model. So Barbara Edmunds wrote a forward to the
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  Speaker 4: PPP document that we released as a government. That is
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  Speaker 4: really important and I'm working with her on the thirty
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  Speaker 4: year plan for infrastructure in New Zealand and I actively
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  Speaker 4: want to involve the opposition in that, and I think
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  Speaker 4: the reality is we need as a country to do
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  Speaker 4: that right because these guys want long term certainty, they
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  Speaker 4: want to invest in New Zealand. They need to understand
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  Speaker 4: that their investments are safe and secure and that there's
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  Speaker 4: also a pipeline so that they can invest in human
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  Speaker 4: capital and they can invest in the kit and the machinery.
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  Speaker 4: So that is really important. Frankly, if we're honest about it,
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  Speaker 4: we haven't been very good at that as a country.
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  Speaker 4: Governments come and go and the projects come and go.
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  Speaker 4: Let's get mature about it. Let's be adults in the
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  Speaker 4: room and build for New Zealand.
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  Speaker 2: All right, Chris Bishop, thanks so much for your time.
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  Speaker 2: That's the Infrastructure Minister, Chris Bishop in Auckland.
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