Second major transport PPP in New Zealand

Financial and commercial adviser to the Northern Express Group (NX2) on the Puuhoi to Warkworth PPP.

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Sector Infrastructure
Sub-sector Transport
Location New Zealand


A competitive procurement led by the New Zealand Transport Agency (NZTA), the Puuhoi to Warkworth PPP involved the design, construction, finance and provision of services for 25 years for an 18.5km highway north of Auckland. The motorway will be open to traffic in late 2021.


Macquarie Capital acted as the financial and commercial adviser to NX2. In addition, Macquarie was involved in consortium formation and provided one of our own employees as the NX2 Project Director. Through these roles, we were able to help shape all aspects of the ultimately successful solution through independent thought leadership.


In 2016 NX2 was awarded the contract for the project by demonstrating our understanding of the outcomes-driven New Zealand PPP market.

Contract awarded

NX2 was awarded the PPP contract for the project in November 2016


The team assisted NX2 to secure the PPP contract through the development of an innovative performance regime targeted at achieving NZTA’s Key Outcomes


Motorway open to traffic in late 2021

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