1 00:00:00,040 --> 00:00:01,320 Speaker 1: So as we sit at the start of the show, 2 00:00:01,360 --> 00:00:03,640 Speaker 1: the opening day of this investor face looks a bit promising. 3 00:00:03,720 --> 00:00:06,640 Speaker 1: Serious players representing large fortunes looking to invest here and 4 00:00:06,680 --> 00:00:08,600 Speaker 1: get this country back in the game. Eberdeen is a 5 00:00:08,600 --> 00:00:11,640 Speaker 1: Scottish based infrastructure fund with more than a trilling dollars 6 00:00:11,680 --> 00:00:14,560 Speaker 1: worth of assets. The head of Infrastructure Funds, Bill Hoffey, 7 00:00:14,840 --> 00:00:18,360 Speaker 1: is in the country and well there's Bill morning, Good morning. 8 00:00:18,520 --> 00:00:22,160 Speaker 1: What's your summation of day one? 9 00:00:23,320 --> 00:00:26,759 Speaker 2: Very positive. I think quite a few investors came here 10 00:00:26,760 --> 00:00:30,840 Speaker 2: with a degree of cautious optimism and the government has 11 00:00:30,880 --> 00:00:34,199 Speaker 2: been looking to knock down some of those cautious barriers 12 00:00:34,240 --> 00:00:40,240 Speaker 2: and give people an opportunity to have some real promise 13 00:00:40,320 --> 00:00:42,839 Speaker 2: to invest and put their people into this country. 14 00:00:43,040 --> 00:00:45,280 Speaker 1: I thought the Prime Minister's message that with a shelter 15 00:00:45,360 --> 00:00:47,840 Speaker 1: from the storm was a good one. Did it lend 16 00:00:47,960 --> 00:00:48,920 Speaker 1: well in your view? 17 00:00:50,840 --> 00:00:54,520 Speaker 2: He did, a number of compelling reasons have been given 18 00:00:54,560 --> 00:00:57,840 Speaker 2: as to why now is the right time to come 19 00:00:57,880 --> 00:01:01,640 Speaker 2: to New Zealand for those foreign investors and foreign construction 20 00:01:01,720 --> 00:01:04,520 Speaker 2: companies and grow their business locally. 21 00:01:05,240 --> 00:01:07,959 Speaker 1: Did you get enough out of day one project wise 22 00:01:08,040 --> 00:01:10,319 Speaker 1: to be tempted or do you need day two with 23 00:01:10,440 --> 00:01:12,479 Speaker 1: more projects. In other words, you need to hear more. 24 00:01:15,240 --> 00:01:18,720 Speaker 2: It's very much a two part sessions. So they've covered 25 00:01:19,400 --> 00:01:23,280 Speaker 2: some high level projects during the first day, but there 26 00:01:23,280 --> 00:01:26,319 Speaker 2: are more to come as I understand it today, So 27 00:01:26,520 --> 00:01:29,520 Speaker 2: very much looking forward to hearing about some of the 28 00:01:29,520 --> 00:01:32,720 Speaker 2: other sectors where they've got some projects in development. 29 00:01:33,200 --> 00:01:36,120 Speaker 1: The Second Harbor crossing is one that we're apparently looking 30 00:01:36,120 --> 00:01:39,800 Speaker 1: forward to. Does your company look to specific projects or 31 00:01:39,840 --> 00:01:42,560 Speaker 1: types of projects or any projects potentially? 32 00:01:45,480 --> 00:01:50,800 Speaker 2: The Eberdeen Concession Infra team has about eight billion enz 33 00:01:51,480 --> 00:01:56,760 Speaker 2: globally under management in PPPs and concession infrastructure projects, so 34 00:01:57,200 --> 00:02:00,760 Speaker 2: we're very much targeting those projects which have a public 35 00:02:00,760 --> 00:02:04,320 Speaker 2: private partner ship flavor to them, So that's the kind 36 00:02:04,360 --> 00:02:07,120 Speaker 2: of projects that we are looking at. We're very much 37 00:02:07,200 --> 00:02:10,120 Speaker 2: interested in the Northern Corridor as well as some of 38 00:02:10,200 --> 00:02:14,880 Speaker 2: the social accommodation projects which have been signaled to be 39 00:02:14,880 --> 00:02:16,000 Speaker 2: coming out from the government. 40 00:02:16,320 --> 00:02:18,120 Speaker 1: How aware, and this has been the great debate in 41 00:02:18,160 --> 00:02:20,400 Speaker 1: this country post COVID and post our lockdown for such 42 00:02:20,440 --> 00:02:22,399 Speaker 1: a long period of time, and the Prime Minister goes 43 00:02:22,400 --> 00:02:24,520 Speaker 1: on about it all the time. How are where are 44 00:02:24,560 --> 00:02:28,120 Speaker 1: you guys of New Zealand being open for business? Or 45 00:02:28,160 --> 00:02:30,480 Speaker 1: has this been a revelation to you And it's good 46 00:02:30,520 --> 00:02:31,880 Speaker 1: to hear from your point of view. 47 00:02:33,840 --> 00:02:37,000 Speaker 2: It's certainly good to hear. From my point of view. 48 00:02:37,760 --> 00:02:42,400 Speaker 2: Aberdeen was involved in bidding the previous round of public 49 00:02:42,400 --> 00:02:46,679 Speaker 2: private partnerships, which I think last has an investment opportunity, 50 00:02:46,720 --> 00:02:49,639 Speaker 2: probably about seven years ago, so it has been very 51 00:02:49,720 --> 00:02:55,240 Speaker 2: quiet for the past six seven years. From my perspective, 52 00:02:55,280 --> 00:02:59,799 Speaker 2: as a green field investor into this landscape, we obviously 53 00:03:00,120 --> 00:03:05,080 Speaker 2: look and have capacity to invest globally and New Zealand 54 00:03:05,160 --> 00:03:07,240 Speaker 2: is one of those places where we can do business 55 00:03:07,840 --> 00:03:14,919 Speaker 2: if the pipeline that's right and the government is coming 56 00:03:15,000 --> 00:03:16,560 Speaker 2: forward with the right kind of projects. 57 00:03:16,600 --> 00:03:18,560 Speaker 1: That was my next question. So you've had three or 58 00:03:18,560 --> 00:03:21,000 Speaker 1: four decent projects more come today? Do you need to 59 00:03:21,040 --> 00:03:24,080 Speaker 1: see the pipeline which is beyond project number one or 60 00:03:24,080 --> 00:03:26,160 Speaker 1: maybe two? You want to see something multi year. 61 00:03:28,160 --> 00:03:31,359 Speaker 2: Yes, and certainly that has been signaled during the first day, 62 00:03:31,400 --> 00:03:33,760 Speaker 2: and I expect a bit more through the second day 63 00:03:34,680 --> 00:03:40,240 Speaker 2: for companies, particularly the design and construction companies and operating 64 00:03:40,280 --> 00:03:44,960 Speaker 2: companies to come and put quality people in Australia where 65 00:03:45,120 --> 00:03:48,440 Speaker 2: maybe the local skills don't exist. It's probably be more 66 00:03:48,440 --> 00:03:50,200 Speaker 2: than just one project in one sector. 67 00:03:50,640 --> 00:03:52,480 Speaker 1: Good stuff, Bill good and so I appreciate it very 68 00:03:52,560 --> 00:03:54,240 Speaker 1: much and enjoy us down in the country Bill Hoffey, 69 00:03:54,240 --> 00:03:56,400 Speaker 1: who's with the Eberdeen he's the head of Infrastructure Funds. 70 00:03:56,840 --> 00:03:59,760 Speaker 1: For more from the Mic Asking Breakfast, listen live to 71 00:04:00,160 --> 00:04:03,040 Speaker 1: Talk set B from six am weekdays, or follow the 72 00:04:03,080 --> 00:04:04,560 Speaker 1: podcast on iHeartRadio