The New Zealand Super Fund has invested US$65 million in Rubicon Global, an Atlanta-based waste and recycling technology company, to increase its exposure to small, fast-growing private companies

Tilt Renewables, the wind and solar generation facilities which split from Trustpower in 2016, posted an annual loss and trimmed dividends as a lack of wind in New Zealand and Australia stifled generation at its windfarms

“The Government’s announcement that this year’s Budget will allocate $42 billion to capital investment over 5 years will provide a welcome boost for regional and urban development, but speed in establishing a specialised strategic procurement agency is now a priority to ensure projects are sequenced and delivered at best value,” said Stephen Selwood CEO of Infrastructure New Zealand.

“Details of the exact programme will become clear on Budget day, but with major investment needs in health, education, justice, housing and of course transport, the challenge for the Government will be getting best value out of its programme.

“There is a risk that costs will inflate if project sequencing stretches the market by location, portfolio or skillset.

“A carefully-conceived project pipeline, developed with the industry and comprising the full spectrum of central and local government major projects, is essential to delivering a programme this large.

“Just as important will be the way in which projects are procured.

“Infrastructure Minister Shane Jones’ procurement agency idea now takes on immediate priority, not only to develop the project pipeline but also to ensure that hospitals, schools, roads, railways and other infrastructure are delivered on time, to specification and to budget.

“Recent reports that the SuperFund has made an unsolicited bid to deliver light rail in Auckland underline how sophisticated major project procurement has become.

“It’s great news that investors are looking at national infrastructure as an investment opportunity and we need serious expertise across government to ensure this type of approach will be a success.

“A specialised procurement agency will consolidate public procurement expertise and enable the 5 year $42 billion pipeline to be delivered in a way which benefits all New Zealanders,” Selwood says.

A InfrastructureNZ release  ||  May 11, 2018   |||

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Finance Minister Grant Robertson confirmed plans for $42 billion of net capital spending over the next five years in his latest pre-budget speech to the Wellington Chamber of Commerce this afternoon

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Statement by Reserve Bank Governor Adrian Orr:

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Bosch recently launched a new operating unit, Bosch Connected Industry, to extend its industrial internet software portfolio. Bosch’s newly established Industry Consulting unit assists businesses transition to connected manufacturing.