Infrastructure Funding and Financing Conference

Future proofing infrastructure funding for a sustainable Aotearoa

30 - 31 May 2022Ellerslie Event Centre, Auckland (Live or Virtual)
Event Details

Agenda

8.30am
Registration and coffee
8.50am
Mihi Whakatau
9.00am
Opening remarks from the Chair
Dr Sebastian Gehricke, Senior Lecturer, Department of Accountancy and Finance, University of Otago Business School & Deputy-Director, Climate and Energy Finance Group
- Deputy Director - Climate and Energy Finance Group (CEFGroup)
INDUSTRY OVERVIEW
9.10am
Key economic questions for infrastructure selection, funding and financing strategies
  • Identifying the right infrastructure solution
  • Examining factors that are driving the need to change the way we undertake infrastructure funding and financing in NZ in order to tackle the deficit
  • Evaluating and selecting the appropriate tools to deliver infrastructure more quickly and efficiently
David Norman, Executive Advisor in Economics and Strategy, GHD
9.45am
Assessing the implications of 3 Waters Reform
  • Evaluating the feasibililty of separating water assets from Council balance sheets as proposed by Government and Department of Internal Affairs
  • Understanding the proposed funding models for the new water entities
  • What are the alternative options for funding and financing investment urgently needed for water infrastructure?
  • Assessing the ability of the reform to deliver on community expectations and NZ council obligations
Mike Chatterley, Commercial and Financial Lead – Three Waters Reform, Department of Internal Affairs
10.20am
Reform update on Resource Management Act (RMA)
  • Overview of the proposed legislative reforms and the 3 new Acts that will replace the RMA from the perspective of funding and financing
  • Will this reform deliver a more favourable funding climate for infrastructure?
  • Who will ultimately be responsible for infrastructure costs – Government, Local Council or developers?
  • Understanding the new Intensification Streamlined Planning Process (ISPP) which will support Tier 1 councils in implementing the intensification policies and delivering of supporting infrastructure
  • Embedding a focus on funding within spatial and strategic planning in promoting better integration of land use and infrastructure
Daniel Minhinnick, Partner, Russell McVeagh
Bevan Peachey, Special Counsel, Russell McVeagh
10.55am
Morning break
11.25am
Update on the Infrastructure Funding and Financing Act 2020
  • Establishing a new funding and financing model to enable private capital to support the provision of new infrastructure for housing and urban development
  • Putting the model into action
  • Future opportunities for use of the model
Ngahuia Leighton, Infrastructure Development Manager, Crown Infrastructure Partners
12.00pm
Accelerating housing supply to meet pent up demand

Due to years of underinvestment in vital infrastructure, New Zealand’s housing market has a chronic shortage of affordable dwellings.  How will the demand and supply imbalance play out in years to come?

Jarrod Kerr, Chief Economist, Kiwibank
12.35pm
Building capacity and skills to improve infrastructure delivery
  • Leveraging our infrastructure delivery programme and education system to build capacity and skills
  • Building equity into infrastructure delivery, and implement Broader Outcomes
  • De-risking infrastructure delivery by moving from transactional to relational culture, towards harmonised shared-goal delivery
Sina Cotter Tait, Director, Collective Success
1.10pm
Lunch break
2.00pm
Leaders’ panel: National prioritisation of projects – what are we funding
  • Exploring the current evolution in infrastructure prioritisation strategies in NZ – how are we coordinating our infrastructure response?
  • Responding to the call for more transparency in Government’s long-term plan surrounding infrastructure assets and investment
  • Analysing pre vs post pandemic sectoral interest – does energy remain a top focus?  Has our growth trajectory changed?
  • What role should demand management play in infrastructure?  How can demand management improve infrastructure services and outcomes?
Geoff Cooper, General Manager, Strategy, Te Waihanga, New Zealand Infrastructure Commission
Fiona Docherty-Wright, Head of Infrastructure Funding & Development Strategy, Auckland Council
Dr Eric Crampton, Chief Economist, The New Zealand Initiative
Andreas Heuser, Director, Castalia
Antonia Robertson, Partner, PwC
FUNDING MECHANICS
2.45pm
Green bond principles: Dynamic framework to allow market evolution
  • Assessing the development of green bond frameworks and how best to make it work in NZ infrastructure funding environment
  • Leveraging on the role of such framework in providing accountability and assurances to investors that projects are meeting ESG goals
Haran Siva, Country Manager - ANZ, Climate Bonds Initiative
3.20pm
Afternoon break
3.40pm
Congestion in Auckland under the spotlight
  • What are the key considerations for managing growth and congestion?
  • Is congestion pricing the solution to reduce Auckland’s traffic?
  • Case studies on countries successfully managing growth and congestion – keeping cities moving
  • Engaging the community in the process of funding future infrastructure development
Mohamed Nalar, Head of Capital Performance and Projects, Auckland Transport
4.15pm
Financiers and contractors’ panel: How to make funding models work for the delivery partners?
  • What additional revenue generating opportunity can be leveraged?
  • What are the popular sources of funding currently applied in NZ and what alternative financing structures are being deployed?
  • How do different operating models stack up - in-house outsourcing vs business partnership?
  • How can different actors create a synergy to complement each role and resources?
  • Financiers and contractors forecasting the post COVID infrastructure pipeline over the next 5 years
Jason Patrick, Chief Investment Officer, New Zealand Green Investment Finance
Murray Burt, Chief Engineer, Auckland Transport
5.00pm
Summary remarks from the Chair and networking drinks
9.00am
Welcome back from the Chair
Dr Sebastian Gehricke, Senior Lecturer, Department of Accountancy and Finance, University of Otago Business School & Deputy-Director, Climate and Energy Finance Group
- Deputy Director - Climate and Energy Finance Group (CEFGroup)
FUNDING SECTORS OF INFRASTRUCTURE
9.10am
Exploring the latest development in New Zealand infrastructure funding and financing
  • Assessing the macroeconomic impact of the government’s allocation of infrastructure stimuli 
  • Deep dive into Te Waihanga 30-year Infrastructure Strategy and its implication on infrastructure sector
  • What are the factors that make the cost of building infrastructure in NZ more expensive and influence the sustainability of the existing funding system?
  • Providing appropriate funding to meet the infrastructure challenge and boost productivity
  • Offering options to ensure that those who benefit most from infrastructure pay a fair share
Dr Alan Bollard, Chair, Te Waihanga, New Zealand Infrastructure Commission
9.50am
Responding to climate change – financing investment in green infrastructure to achieve net zero
  • How can we green infrastructure and what are the benefits?
  • Global developments – what is happening around the world in green infrastructure financing?
  • Policy developments – what does decarbonisation policy mean for infrastructure growth?
  • What are the drivers of investment in green infrastructure? What green alternatives are available? What sectors are becoming more investable?
  • Where does New Zealand sit on the ‘cleantech’ spectrum? How can technology enable infrastructure investment?
Craig Weise, Chief Executive, New Zealand Green Investment Finance
10.30am
Morning break
11.00am
Financing digital infrastructure
  • Understanding the current digital landscape and financing opportunities of digital infrastructure in NZ
  • With the trend shifting towards online and virtual, will data centres continue to be the more popular asset for infrastructure financing going forward?
  • How suitable is the PPP model for the procurement of major digital infrastructure?
  • What is the funder’s perspective?
Nicole Patterson, Investment Director, H.R.L. Morrison & Co Ltd
11.40am
Funding renewable energy: Financing opportunities and risks
  • Current challenges in financing renewable energy projects
  • What are the current disruptive drivers in the energy sector?
  • Exploring unique features of the NZ energy market
  • The role of renewable energy in decarbonising NZ
Hannah Crosby, Director, Corporate Finance, ANZ
12.20pm
Lunch break
1.20pm
Focusing on transport and its impact on investment decisions
  • Predicting future trends in mobility and transport – how should these be impacting our investment decisions now?
  • The interdependencies between transport and other infrastructure sectors
  • How will changes in the sector impact transport revenue and funding?
  • The future for public transport and opportunities for investment
Stephanie Ward, Partner, KPMG
Hamish Were, Associate Director - Infrastructure and Debt Advisory, KPMG
2.00pm
The World Bank Perspective: FAST-Infra Sustainable Infrastructure Label

The Finance to Accelerate the Sustainable Transition- Infrastructure Initiative (FAST-Infra) Sustainable Infrastructure Label (SI Label) is a globally applicable label for projects demonstrating significant positive sustainability performance.  It is designed to enable transformation of sustainable infrastructure into a mainstream, liquid asset class.

  • Introducing SI Framework and criteria that adds value across the infrastructure lifecycle – serving as a tool to inform upstream project planning, prioritisation and design
  • Exploring how FAST-Infra, a public-private initiative can help mobilise private finance and de-risk investments in sustainable infrastructure sector globally
  • How major regulatory changes in advanced countries (e.g. EU Green Deal) will affect the global appetite for green infrastructure investment moving forward?
  • Sharing of successful experience of green infrastructure investment in different regions of the world
Towfiqua Hoque, Global Lead, Global Infrastructure Facility (The World Bank)
2.40pm
Afternoon break
3.00pm
Aligning infrastructure funding with environmental, social and governance (ESG) needs
  • Assessing how infrastructure funders and financiers maximise ESG impact in this region
  • Exploring effective approach to declaration and disclosure
  • To what extend can sustainability metric influence funding decisions?
  • Which infrastructure sector is leading in applying ESG criteria?
  • ESG and renewable: How do they complement each other?
  • Best practice integration of ESG into corporate reporting and communication with capital markets and investors
  • Lessons learned from more experience economies
Richard Anderson, Executive Director - Head of Loan Products, Westpac
3.40pm
Industry panel: Exploring funding opportunities in 2022 and beyond
  • Is infrastructure financing appetite increasing post pandemic?  Are higher risks projects being considered?
  • Where are funders and financiers looking to deploy their capital?
  • Outlining the prospects and overall lending appetite for NZ
  • How do newer sectors such as social infrastructure sit within the investment portfolio?
  • How much has COVID-19 affected infrastructure asset revenue?
Matt Whineray, Chief Executive Officer, NZ Super Fund
Anton Murashev, Managing Director, Castalia
Siobhan Procter, Chief Infrastructure Officer, Wellington City Council
Catherine Shaw, Chief Financial Officer, Transpower
4.30pm
Closing remarks from the Chair and end of conference
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