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Speaker 1: The government's been rolling out the welcome mat for local

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Speaker 1: and international investors today this investment summit, the Australian Infrastructure

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Speaker 1: Investor Plenary has committed already come out and said we

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Speaker 1: are bidding for at least five PPPs and we're going

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Speaker 1: to open an office here in the next eighteen months.

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Speaker 1: That came from Chris Bishop, who was on the show,

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Speaker 1: to staff to five. This Italian investor is keen to

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Speaker 1: put his hat in the ring for the Northern Expressway and.

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Speaker 2: I think that we are looking at the first big PPP,

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Speaker 2: the Northland Corridor, the highway, and I think is happening

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Speaker 2: and it's real, and it's something that you know, I

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Speaker 2: worked with governments arounderworld and it's very rare to see

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Speaker 2: every time a deadline that has been met by the

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Speaker 2: government side.

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Speaker 3: Absolutely Now.

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Speaker 1: Brett Shepard was there as well, Craig's Investment Partners representing

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Speaker 1: some big investors at the summit. He's with me now, high.

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Speaker 3: Brett, get up, Ryan, how's it going.

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Speaker 1: You're really good. Thanks for being with me. Run us

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Speaker 1: through your highlights real from today, Brett, what was it like?

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Speaker 3: I think in the moment of plenary, you know, Italian investors.

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Speaker 3: Basically shows how while it's being received by international and

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Speaker 3: local investors. You probably can summarize it in a couple of ways. First,

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Speaker 3: I think the commitment of the Prime Minister and their

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Speaker 3: respective ministers to grow the economy on a consistent basis

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Speaker 3: through partnership and infrastructure. I mean that message was just

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Speaker 3: resounding and continued commitment every presentation to that. But then

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Speaker 3: it was followed up which people have found incredible is

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Speaker 3: the accessibility the Prime Minister and the ministers to discuss

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Speaker 3: both projects and the concept and the policy framework upon

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Speaker 3: what to do that because they're not used to that.

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Speaker 3: They used to having Prime Minister present and then disappear,

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Speaker 3: But the Prime Minister made himself available throughout the whole conference,

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Speaker 3: which was I think also the commitment of Eliso isn't

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Speaker 3: it was great to have many Fenua present, how they

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Speaker 3: were ready to partner up and be available on a

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Speaker 3: permanent capital basis and dependent commitment basis, which resounded really

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Speaker 3: well with just about every international investor. And then we

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Speaker 3: got to both specific projects because you've just identified at

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Speaker 3: the riding project to be at hostels being built, at

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Speaker 3: courts being built, and so that resonated well with investors

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Speaker 3: that this wasn't just a short term kind of rhetorics

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Speaker 3: as an actual process and there was work in progress

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Speaker 3: that they could commit to over the medium terms.

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Speaker 1: We've had fast track changes here in New Zealand, we've

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Speaker 1: had overseas investment laws changed here as well. How much

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Speaker 1: do they play into the decisions that will be made

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Speaker 1: and not just the fact that they've been changed, but

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Speaker 1: the possibility that they might be changed back if we had,

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Speaker 1: you know, if we have a change in government.

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Speaker 3: Sexuent question, because I mean understanding what labor says tomorrow

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Speaker 3: is going to be important and the opposition says tomorrow,

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Speaker 3: but the approach that's been communicated and that this is

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Speaker 3: a bipartisan approach. And so when you look at being

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Speaker 3: able to do projects of national significance, when as you said,

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Speaker 3: looking at the FDO rules in a way that encourages

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Speaker 3: international investments, people are looking for their consistency and policy

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Speaker 3: between government. You're exactly right. So right now people are

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Speaker 3: excited about the work in progress in front of them,

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Speaker 3: but will still be looking for the commitment to labor

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Speaker 3: and infrastructure specifically that they won't be looking to change

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Speaker 3: the rules and just what you've identified, brit What.

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Speaker 1: Are the investors that you represent the other investors in

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Speaker 1: the room. What do they normally invest in? Are they?

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Speaker 1: Are they all kind of PPP people and what why

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Speaker 1: are PPPs attractive to them?

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Speaker 2: No?

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Speaker 3: Excellent. So these are global pension funds with over a

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Speaker 3: trillion dollars an investment. So they invest in a range

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Speaker 3: of investment from bonds, shares, real estate in what we

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Speaker 3: call alternative assets, and an alternative assets is public private partnerships.

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Speaker 3: They so they have the school base and the expertise

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Speaker 3: to invest in it. Why do they investor? They've learned

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Speaker 3: globally that a they can deliver products cheaper and the

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Speaker 3: they can operate them better than central government in terms

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Speaker 3: of maintenance of assets. They let the social service being

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Speaker 3: developed by the governments that does found they're very good

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Speaker 3: at that. So they become experts in this globally.

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Speaker 1: Now you mentioned labor tomorrow, obviously there's going to be

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Speaker 1: a lot of focus on what they've got to say.

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Speaker 1: But the the other thing that's come out is the

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Speaker 1: pipeline of work. How you know how many projects ahead

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Speaker 1: do you do? You know do these investors need to

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Speaker 1: be looking before they'll commit to coming here.

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Speaker 3: That's excellent. I guess we've still got transport coming tomorrow

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Speaker 3: and roading. But through the communication of house, education, the

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Speaker 3: courts and the corrections, they could see a five to

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Speaker 3: a year pipeline and in fact some examples were given

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Speaker 3: of a thirty year pipeline without being specific on projects.

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Speaker 3: To see how the government's thinking is working and so

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Speaker 3: trending is a classic. So when you hear how they

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Speaker 3: ever commitment to not a single project but a series

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Speaker 3: of projects over three to five to ten year period,

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Speaker 3: then you get engagement not just of money, but of

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Speaker 3: people on the ground to make sure happen.

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Speaker 1: Really interesting, lovely to hear your perspective from actually being their.

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Speaker 1: Brit Shepherd from Craig's Investment Partners are representing some of

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Speaker 1: the big investors at the summit and giving us a

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Speaker 1: pretty good rundown of what it was like to be

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Speaker 1: there and what people who have come from all over

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Speaker 1: the world are thinking. Thanks Brett.

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