Government may decide that the best value for money option when procuring a major project is via a Public Private Partnership (’PPP’) model.
Key attractions of a PPP model for government is that the private sector can deliver:
- programme and cost certainty
- innovative design
- improved whole of life costings and asset management, and
- reduced risk for government.
The New Zealand PPP Framework: A Blueprint for Future Transactions outlines a series of enhancements to the government’s approach to planning, procuring and delivering future PPP projects, designed to ensure that PPP remains a useful and relevant construction tool for New Zealand infrastructure.
From 1 December 2024, the Treasury is responsible for the development and stewardship of PPP policies, including the commercial principles, standard form agreement and model schedules.
Standard Form PPP Project Agreement
The Standard Form PPP Project Agreement and Standard Form PPP Project Agreement Model Schedules are under review and will be updated during 2025.
The existing versions of these documents, last updated by the New Zealand Infrastructure Commission / Te Waihanga in 2023 are available below.