Cimic Group companies secure $494m New Zealand prison project

WCN Editorial Team 19 Sep 2018 OCEANIA BUILDINGS

Cimic Group companies Pacific Partnerships and CPB Contractors, along with their consortium partners, have won a contract from the New Zealand government to deliver the Waikeria Corrections and Treatment Facility public private partnership (PPP) project.

The development of the project was led by Cimic Group, while Pacific Partnerships led the formation of the consortium and providing equity financing for 25 years, and CPB Contractors undertook design and construction of the facility. Revenue to CIMIC Group is about NZD750m ($494m).

Construction has commenced through an early works agreement and the new facility is set to open in 2022.

Cimic Group CEO Michael Wright said: “Our integrated approach to PPP projects is based on our end-to-end capabilities across a project’s lifecycle.

“Utilising our technical and operational expertise, and our financial strength, we will work in partnership with the Department of Corrections to deliver a high-quality facility of long-term value for New Zealand.”

Pacific Partnerships and CPB Contractors have been joined by consortium partners HRL Morrison for financing, Cushman & Wakefield for providing facilities services, and electronic security services provider Honeywell.

Pacific Partnerships managing director Martin D’Uva said: “Pacific Partnerships is now delivering three PPPs in New Zealand across the education, transport and corrections sectors.

“The Waikeria Prison PPP allows us to continue delivering whole-of-life project solutions, operational performance and value for all stakeholders.”

The new facility will be built on the site of the existing Waikeria Prison in the Waikato region (upper North Island) in New Zealand as part of the New Zealand government’s programme to deliver a more effective and humane justice system.

CPB Contractors managing director Juan Santamaria said: “We have been operating in New Zealand for more than a decade, boosting employment and business opportunities to the benefit of communities, our clients and the industry.

“We will ensure that our design and construction solutions meet the state-of-the-art requirements for the Department of Corrections.”

The Department of Corrections will operate the Waikeria Corrections and Treatment Facility, which will deliver accommodation for 500 prisoners, along with a secure mental health unit providing care for additional prisoners.

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Image: Cimic Group companies win $494m contract for NZ prison project. Photo: Courtesy of CIMIC Group Limited.

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