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Speaker 1: And so a lot riding on the next couple of

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Speaker 1: days for the country and the government. They're much hyped

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Speaker 1: investment summit, designed to get some very heavy hitters into

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Speaker 1: the country and in the room to tell them. One,

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Speaker 1: we're open and wanting you money. In two, here's what

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Speaker 1: we have for you to invest in. Morrison and Co

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Speaker 1: are infrastructure investors. They've already delivered schools and prisons, university

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Speaker 1: accommodation here through PPPs Chief executive Paul Newfield is with us.

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Speaker 2: Paul Morning puting Mark Dank very well.

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Speaker 1: Indeed, what's your expectation, what do you want to see

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Speaker 1: in the next forty eight hours.

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Speaker 2: I'll see what would be great and I think by

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Speaker 2: the way they'll deliver this. First of all, is our

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Speaker 2: government telling the world New Zealand is just a great

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Speaker 2: place to invest right now to safe Haven. We've a

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Speaker 2: really stable we've got good institutions, rule of law that's

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Speaker 2: more unusual than it should be in the world today. Secondly,

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Speaker 2: would like to see some investable opportunities, things that people

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Speaker 2: can actually get their teeth into in the next twelve

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Speaker 2: to twenty four months. And then what we really want

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Speaker 2: them to say there is a multi decay pipeline. Here's

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Speaker 2: our vision for what infrastructure in New Zealand could be.

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Speaker 2: And importantly, even if there's changes of government, we're committed

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Speaker 2: to doing this over multiple decades because that's what we'll

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Speaker 2: get people here.

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Speaker 1: The tangibles, you know, are prison a road, does that

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Speaker 1: matter or not? Or a project's projects.

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Speaker 2: In some respects projects of projects in terms of getting

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Speaker 2: people here, getting builders here, getting investors here. As long

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Speaker 2: as they are shaped well, I think that will be

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Speaker 2: shaped well. I think obviously for New Zealand it matters.

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Speaker 2: Hopefully it's not just all words. We can like to

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Speaker 2: see some twenty per century infrastructure that gets to New

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Speaker 2: Zealand catching up to being the country it could be.

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Speaker 1: Okay, we am two things. Is the Prime Minister right?

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Speaker 1: The world is washed with.

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Speaker 2: Cash, absolutely, but it's also a wash of opportunities, right,

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Speaker 2: So New Zealand needs to compete. When you think right

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Speaker 2: back in the aces, New Zealand was the pioneers. Literally

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Speaker 2: we're the first country in the world to start inviting

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Speaker 2: the private sector into infrastructure and we then kind of

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Speaker 2: went quiet for a long time and will caught up

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Speaker 2: and it was great for us as Morrison. That mean

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Speaker 2: a key company could go capability and become a world beater,

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Speaker 2: but actually you'd love to come back and do this

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Speaker 2: back at home right now, right.

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Speaker 1: So that was my second question. A lot of the

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Speaker 1: world I'm reading is doing this. Everyone's into getting cash

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Speaker 1: into projects. So how much competition do we face and

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Speaker 1: are we still hot ish?

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Speaker 2: There's enormous competition, and like at our investment committee every

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Speaker 2: week we're probably looking at five different opportunities from around

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Speaker 2: the world. Obviously we love doing things in New Zealand,

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Speaker 2: so there is competition. But for us, as key we is,

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Speaker 2: we'd like to be doing more at home.

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Speaker 1: Plenary Australian company, I've already said this morning they're in

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Speaker 1: for five. They'll bid for the five that are already

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Speaker 1: out there. Is that the sort of competition we want

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Speaker 1: to see by the end of this forty eight hours

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Speaker 1: for you, average every day punter, do we want to

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Speaker 1: see a bunch of companies going We're in and here's

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Speaker 1: what we're in for exactly?

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Speaker 2: You want to see plenty of competition. I think the

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Speaker 2: other thing you really want to see is the right

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Speaker 2: kind of money showing up. So you want people who

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Speaker 2: are long term patient actually want to invest in growing country.

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Speaker 2: You don't want just kind of quick flip money. And

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Speaker 2: so I think that's why it's great we've got some

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Speaker 2: of these really big global pension funds and sovereign funds here.

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Speaker 2: The other thing would be really good for New Zealand

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Speaker 2: as a key we Saber really wake up to this opportunity, right,

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Speaker 2: not just internationals. In Australia there's a four trillion dollar

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Speaker 2: superannuation scheme and about fifteen percent of that to six

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Speaker 2: hundred billion goes into infrastructure. So that's not for instance

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Speaker 2: stuff work great infrastructure. You'd love to see Keywi Saver

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Speaker 2: as a get start putting more money into New Zealand

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Speaker 2: and prastructure and global infrastructure.

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Speaker 1: Good stuff, and appreciate the insight Paul Newfield, who is

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Speaker 1: the Morrison and Code Chief Executive in this part of

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Speaker 1: the world. For more from The Mic Asking Breakfast, listen

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Speaker 1: live to news talks. It'd be from six am weekdays,

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