“A discredited means of financing major projects”

The New Zealand Herald criticizes the government for choosing a ‘public private partnership’ model (“a discredited means of financing major projects”) to build Penlink, a proposed alternative route between the Whangaparaoa Peninsula and State Highway 1 at Redvale. “These are inevitably more expensive and often fail. Governments and local authorities sometimes see these as useful because the debts do not appear on their balance sheets. They will also be subject to the requirements of the TPPA and the General Agreement on Trade in Services, (GATS) allowing international corporations to force their way to gaining such contracts. More importantly they are seen to be a form of privatization. The fears and concerns are heightened because PPPs are normally focused on large publicly owned infrastructure, and it is the public who stand to lose control of vital assets, or eventually, the effective ownership of the assets.”

Published on

Apr 27, 2018




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