Northway

ACCIONA Reaches Financial Close on New Zealand’s Largest Public Private Partnership ACCIONA, alongside partner Aberdeen Investments, comprises the Northway Consortium which has reached Financial Close with NZ Transport Agency Waka Kotahi (NZTA) for the Warkworth to Te Hana project. The Warkworth to Te Hana project is a section of Ara Tūhono, which forms part of the Northland Corridor. This marks the successful completion of the procurement process enabling the delivery of New Zealand's largest public private partnership infrastructure project with a total overall project cost of approximately NZ$3.649 billion net present value (NPV) during its 32-year construction and operating duration. This includes a nominal cost of around NZ$3 billion to design and build the road. The milestone represents a major step forward in the delivery of a transformational transport corridor that will provide a safer, more resilient and more efficient connection between Auckland and Northland. It will improve freight efficiency, support regional growth and strengthen transport reliability for communities and businesses. Northway is responsible for financing, delivering and operating the Warkworth to Te Hana project under a long-term concession arrangement with NZTA. This brings together the combined and proven capability of ACCIONA and Aberdeen Investments in the financing, development and operation of transport infrastructure projects locally and globally. ACCIONA will also undertake the design, construction, operation and maintenance of the project, drawing on its extensive experience delivering complex transport infrastructure. Self-performing critical elements of the works including major earthworks, tunnelling, civil works and systems. #ACCIONAteam #BusinessAsUnusual #SustainableInfrastructure

Northway has reached Financial Close with the NZ Transport Agency Waka Kotahi (NZTA) for the Warkworth to Te Hana project, a section of Ara Tūhono, which forms part of the Northland Corridor. The project will deliver a new four-lane motorway between Warkworth and Te Hana, improving safety, resilience and journey reliability on a critical transport corridor connecting Auckland and Northland. Northway comprises ACCIONA and Aberdeen Investments as equity sponsors and investors, with ACCIONA responsible for the design, construction, maintenance and operation of the motorway. The project is being delivered in partnership with the NZ Transport Agency Waka Kotahi and Hōkai Nuku under a long-term public-private partnership model. Tomaz Jimenez, Northway's Chief Executive Officer, said, "Financial Close marked the culmination of years of planning, collaboration and hard work. Our focus now turns to mobilisation and delivery. We look forward to working closely with mana whenua, local communities, stakeholders and industry partners to successfully deliver this nationally significant infrastructure project." Derek Robertson, NZTA’s Northland Corridor Programme Director thanked everyone involved in the project and all the work to get us here today. “The project is a key connector and of strategic importance to the regional and national economy and it is good to see this work get underway” Nicola Rata-MacDonald MNZM, Chair of Hōkai Nuku, said, “When infrastructure is delivered in true partnership with mana whenua, it creates opportunities that extend well beyond the road itself. It builds local capability, creates meaningful employment, strengthens communities and ensures development occurs in a way that honours the whenua and those who have cared for it for generations.” Debt is being provided by ANZ, Bank of New Zealand, NAB, MUFG, BBVA, Bank of China (New Zealand) Limited, CaixaBank, China Construction Bank (New Zealand) Limited, Industrial and Commercial Bank of China, Intesa Sanpaolo and Societe Generale. ACCIONA Aberdeen Mafic Partners Allens Simpson Grierson Russell McVeagh North Projects AECOM Downer Read more: https://lnkd.in/gsZ73SVg