MoT to gauge market interest in toll road concessions

MoT to gauge market interest in toll road concessions
The Penlink highway to the Whangaparāoa Peninsula is among the roads the Government will test market interest in for a toll concession. (Image: NZTA)
Oliver Lewis
The Government will go to the market next week to gauge interest in toll road concession opportunities in New Zealand.Under a concession arrangement, a private party is contracted to manage and maintain a road for a set period. They earn a return by collecting toll revenue.In exchange, the Government gets an upfront capital payment that can be used to bring forward construction on other transport investments.The Ministry of Transport will lead the market sounding with assistance from investment bank Citi, which was appointed last month to provi...

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