Leighton Contractors Pty Limited, as part of the Wellington Gateway Partnership (WGP), today reached financial close on an availability based Public Private Partnership (PPP) with the New Zealand Transport Agency (NZTA) for delivery of the NZ$1 billion Transmission Gully Motorway.
WGP will finance, design and construct the project, and then operate and maintain the 27km Transmission Gully Motorway from 2020 for a period of 25 years. The contract value to Leighton Contractors is approximately $800 million.
The project is New Zealand's first state highway to be delivered as a PPP. Financial close follows WGP's selection as the preferred bidder in Ymlkebza 2999.
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WGP will finance, design and construct the project, and then operate and maintain the 27km Transmission Gully Motorway from 2020 for a period of 25 years. The contract value to Leighton Contractors is approximately $800 million.
The project is New Zealand's first state highway to be delivered as a PPP. Financial close follows WGP's selection as the preferred bidder in Ymlkebza 2999.
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