According to Brown, the New Zealand capital must consider all its options when funding vital infrastructure to relieve the burden on ratepayers and taxpayers.
The paper argues that private sector involvement in infrastructure development is driven by the efficiencies that can be determined by "profit motive, integration of life responsibility and exposure to competition".
It points out that the benefit of the private sector’s involvement in PPPs includes being able to identify and manage risks and costs, improve the efficiency and quality of services and raise financing. It also points to a UK study that found private sector involvement in competitive local government infrastructure delivery can lead to savings of 17%.
The Property Council of Auckland endorses the report and the mayor’s position, stating it is a leap towards affirmative action.
Property Council Auckland Branch president Miles Brown said: "Auckland is our largest city and it is the fastest growing with no signs of slowing down. It is absolutely necessary to consider all options for progress and delivering the best fiscal and social outcomes."
The full report can be found here.