A trans-Tasman infrastructure pipeline has been launched, aimed at attracting investors, suppliers and developers to high-value projects across Australia and New Zealand.
The Australia New Zealand Infrastructure Pipeline (ANZIP) website lists more than a hundred large greenfield and brownfield infrastructure projects above $100 million across the central government, local government and the private sector.
The ANZIP was launched in Sydney on 28 October by the Australian and New Zealand Governments, in conjunction with Infrastructure Partnerships Australia.
The pipeline is expected to provide investors with greater visibility and business certainty of upcoming investment opportunities across Australasia. In addition to helping New Zealand businesses expand into the Australian market, ANZIP could also help attract international investors, who could in turn introduce innovative techniques to New Zealand’s infrastructure market.
New Zealand’s Finance Minister Bill English says the launch of ANZIP signals a joint commitment to building a more integrated infrastructure market between the two countries.
“Australia is critical to New Zealand’s economy. Not only is Australia our biggest trading partner, but approximately half of all foreign direct investment in New Zealand comes from Australia,” English says.
“Similarly, half of the investment coming out of New Zealand is invested in Australia.
“I expect ANZIP will help grow foreign direct investment in both countries, as well as giving greater visibility of future investment opportunities.”
Business NZ Chief Executive Kirk Hope welcomed the pipeline’s potential to “grow the pie for construction work for both Australian and New Zealand businesses".
"A trans-Tasman approach should help companies in both countries gain and grow investment and work in a more integrated way,” he says.
"It will be important that the agreement is backed up by measures that will see New Zealand businesses gain fair access to Australian opportunities.”
The ANZIP can be viewed here.