Op-Ed published in the NZ Herald - Matt Whineray: Why light rail fits the Super Fund's mandatePosted On: Wednesday, 23 May 2018
News of the New Zealand Super Fund's unsolicited proposal to the Government, offering to invest in the Auckland light rail project, was big news last week.
Our proposal is to form a consortium to fund and deliver the project on a fully commercial basis – from the design and build phases through to operation. No deal has been done, though; we want to further review the entire project to determine commercially feasible options.
So why did we approach the Government about this project? How can investing in light rail in Auckland help fund New Zealanders' pensions?