Latest / Best of Business / Brett Shepherd: Craigs Investment Partners spokesperson recaps the first day of the Government's Infrastructure Investment Summit

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Brett Shepherd: Craigs Investment Partners spokesperson recaps the first day of the Government's Infrastructure Investment Summit · Best of Business

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  Speaker 1: You're listening to a podcast from News Talks be follow
• 0:12
  Speaker 1: this and our wide range of podcasts now on iHeartRadio.
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  Speaker 2: The government's been rolling out the welcome for local and
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  Speaker 2: international investors today this investment summit, the Australian Infrastructure Investor
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  Speaker 2: Plenary has committed already come out and said we are
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  Speaker 2: bidding for at least five PPPs and we're going to
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  Speaker 2: open an office here in the next eighteen months. That
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  Speaker 2: came from Chris Bishop, who was on the show Just
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  Speaker 2: st Affter five. This Italian investor is keen to put
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  Speaker 2: his hat in the ring for the Northern Expressway.
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  Speaker 3: And I think that we are looking at the first
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  Speaker 3: big bpp the Northland Corridor, the highway, and I think
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  Speaker 3: is happening and it's real and it's something that you know,
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  Speaker 3: I worked with governments arounderworld and it's very rare to
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  Speaker 3: see every time a deadline that has been met by
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  Speaker 3: the government side. Absolutely.
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  Speaker 1: Now.
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  Speaker 2: Brett Shephard was there as well, Craig's investment Partners representing
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  Speaker 2: some big investors at the summon. He's with me now, Hi,
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  Speaker 2: Brett after Ryan.
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  Speaker 4: How's it going?
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  Speaker 2: Yeah, really good. Thanks for being with me. Run us
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  Speaker 2: through your highlights real from today, Brett, What was it like?
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  Speaker 4: I think in the comment of plenary, you know, Italian
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  Speaker 4: investors basically shows how while it's being received by international
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  Speaker 4: and local investors. You probably can summarize it in a
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  Speaker 4: couple of ways. First, I think the commitment of the
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  Speaker 4: Prime Minister and their respective ministers to grow the economy
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  Speaker 4: on a consistent basis through partnership and infrastructure. I mean
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  Speaker 4: that message was just resounding and continued commitment every presentation
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  Speaker 4: to that. But then I was followed up which people
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  Speaker 4: have found incredible is the accessibility the Prime Minister and
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  Speaker 4: the ministers to discuss both projects and the concept and
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  Speaker 4: the policy framework upon what to do that because used
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  Speaker 4: to that used to having prime Minister present and then disappear,
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  Speaker 4: but the Prime Minister made himself available throughout the whole conference,
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  Speaker 4: which was sup I think also the commitment of EUSO
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  Speaker 4: isn't it was great to have many Fenua present, how
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  Speaker 4: they were ready to partner up and be available on
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  Speaker 4: a permanent capital basis and the pendent comittment basis, which
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  Speaker 4: resounded really well with but just about every international investor.
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  Speaker 4: And then we got to both specific projects as you've
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  Speaker 4: just identified at the riding project, the hostels being built,
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  Speaker 4: at courts being built, and so that resonated well with
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  Speaker 4: investors that this wasn't just a short term kind of
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  Speaker 4: rhetorics as an actual process and there was work in
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  Speaker 4: progress that they could commit to over the medium terms.
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  Speaker 2: We've had fast track changes here in New Zealand, we've
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  Speaker 2: had overseas investment laws changed here as well. How much
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  Speaker 2: do they play into the decisions that will be made
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  Speaker 2: and not just the fact that they've been changed, but
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  Speaker 2: the possibility that they might be changed back if we
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  Speaker 2: you know, if we have a change in government.
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  Speaker 4: You know, that's excellent question because I mean understanding what
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  Speaker 4: labor says tomorrow is going to be important and the
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  Speaker 4: opposition says tomorrow, but the approach that's been communicated and
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  Speaker 4: that this is a bipartisan approach. And so when you
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  Speaker 4: look at being able to do projects of national significance,
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  Speaker 4: when as you said, looking at the FDO rules in
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  Speaker 4: a way that encourages international investments, people are looking for
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  Speaker 4: their consistency and policy between government. You're exactly right. So
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  Speaker 4: right now people are excited about the work in progress
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  Speaker 4: in front of them, but will still be looking for
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  Speaker 4: the commitment to labor and infrastructure, specifically that they won't
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  Speaker 4: be looking to change the rules. And just what you've identified,
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  Speaker 4: brit what.
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  Speaker 2: Are the investors that you represent in the other invest
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  Speaker 2: is in the room. What do they normally invest in?
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  Speaker 2: Are they are they all kind of PPP people and
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  Speaker 2: what why are PPPs attractive to them?
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  Speaker 4: No? Excellent. So now these are global pension funds with
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  Speaker 4: over a trillion dollars in investment. So they invest in
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  Speaker 4: a range of investment from bonds, shares, real estate in
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  Speaker 4: what we call alternative assets, and an alternative assets is
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  Speaker 4: public private partnerships. So they have the school base and
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  Speaker 4: the expertise to invest in that. Why do they invest it.
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  Speaker 4: They've learned globally that a they can deliver products cheaper
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  Speaker 4: and be they can operate them better than central government
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  Speaker 4: in terms of maintenance of assets. They let the social
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  Speaker 4: service being developed by the governments that does found they're
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  Speaker 4: very good at that. So they become experts in this globally.
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  Speaker 2: Now you mentioned labor tomorrow, obviously there's going to be
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  Speaker 2: a lot of focus on what they've got to say.
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  Speaker 2: But the other thing that's come out is the pipeline
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  Speaker 2: of work. How you know how many projects ahead do
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  Speaker 2: you do?
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  Speaker 4: You know?
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  Speaker 2: Do these investors need to be locking before they'll commit
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  Speaker 2: to coming here?
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  Speaker 4: That's excellent the I guess we're still at transport coming
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  Speaker 4: tomorrow and roading. But through the communication of how education,
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  Speaker 4: the courts and the corrections, they could see a five
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  Speaker 4: to a year pipeline and in fact some examples give
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  Speaker 4: them of a thirty year pipeline without being specific on projects.
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  Speaker 4: To see how the government's thinking is working and so
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  Speaker 4: trending is a classic. So when you hear how they
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  Speaker 4: ever commitment to not a single project but a series
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  Speaker 4: of projects over three to five to ten year period,
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  Speaker 4: then you get engagement not just of money, but of
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  Speaker 4: people on the ground to make suit happen.
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  Speaker 2: Really interesting, lovely to hear your perspective from actually being their.
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  Speaker 2: Britt Shepherd from Craig's Investment Partners representing some of the
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  Speaker 2: big investors at the summit and giving us a pretty
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  Speaker 2: good rundown of what it was like to be there
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  Speaker 2: and what people who have come from all over the
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  Speaker 2: world are thinking.
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  Speaker 1: Thanks Brett for more from News Talk st B. Listen
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