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
To read more about the Warkworth-to-Te Hana project: https://www.acciona.com.au/updates/news/acciona-reaches-financial-close-on-nzs-largest-public-private-partnership
Well done to all the people, subcontractors and consultants involved in making this win possible.
Congratulations to the ACCIONA and Northway teams. Financial close is a critical milestone that turns vision into delivery. Wishing the project team every success throughout design, construction and long-term operation.
Good job AccionaTeam! Congrats
Congratulations on reaching financial close for this landmark project. A great example of how collaboration and innovation can help deliver critical infrastructure for the future.
Congratulations!
Well done Fletch!
Such a great engineering project! So happy for this award!