Auckland needs to consider Chinese cash

SIMON SMITH
Last updated 14:32 22/02/2013
Len Brown breakfast meeting
SIMON SMITH/Fairfax NZ
SEEKING PARTNERSHIP: Mayor Len Brown asks East Tamaki business leaders for their support when a discussion about funding Auckland's infrastructure heats up later this year.

Relevant offers

Industries

Valley Girl, Temt now in receivership Shoppers descend on David Jones store in Wellington Opening day deals for shoppers at new David Jones store in Wellington ANZ Bank wins in Australian High Court bank fee case First look at David Jones department store in Wellington Valleygirl and Temt administrators search for supplier solutions Check out the world first 'un-meltable' ice cream Ryman Healthcare responds to staff pay gripes and increases directors fees Underwater glass lift proposed for Napier's National Aquarium After 15 years the wait is over for new Countdown Waiheke

Mayor Len Brown wants Auckland to consider Chinese money and expertise to help build its transport infrastructure.

Auckland Council cannot raise all the cash itself and people might have to settle for user charges for major transport projects such as a second harbour crossing and the inner-city rail link, he says.

''Do we get overseas investors to come in here? They may be Asian, they could be Chinese.''

Brown was speaking at a breakfast meeting hosted by the Greater East Tamaki Business Association on Tuesday.

He says debate over the Crafar farms sale ''was ugly'' and ''we've got to get through some of this stuff''.

Auckland should be open to the idea of public-private partnerships, of overseas companies ''buddying up'' with local companies, he says.

''I don't want to see a whole bunch of workers coming from Europe or South America or China or Vietnam or wherever and just arriving here and doing our stuff.

''But I do want us to receive the benefit of great expertise and very paced infrastructure delivery.''

Brown says he would need business community support ''when the debate starts''.

''I need you to be voluble around this issue.

''It's a tough call for me as the leader of the city. I'm going to have to get out there and try and sell a policy that necessarily many people in the community, particularly here in the south, will be a little wary and nervous about.''

He says China will be New Zealand's biggest trading partner ''before long'' with a current trade of $13 billion a year and growing fast.

''Most of you in this room will be doing trade, either direct or indirect with China at this point in time.''

Ad Feedback

- Fairfax Media

Comments

Special offers

Featured Promotions

Sponsored Content