New Caledonia-based Colas Group seeks investment opportunities in New Zealand [fr]
A delegation of three members from the French COLAS Group, headed by Thierry Madelon, CEO COLAS Australia, will travel to Auckland on May 24-25.
Coordinated by the New Caledonia Delegation in New Zealand, based at the Embassy of France in Wellington, the visit aims to seek information on investing in New Zealand through either the buyout of or a partnership with a New Zealand company.
Being aware of the Auckland infrastructure project and its opportunities, the delegation fromthe COLAS Group is interested in investing into the New Zealand infrastructure sector, the so-called “horizontal infrastructure” sector.
With branches/firms in New Caledonia and Australia, the COLAS Group shows a worldwide recognised expertise in the following fields:
Construction and maintenance of roads and road-related infrastructure,
Civil engineering (small and large structures), building (construction, renovation, deconstruction),
Production of construction materials,
Road Safety and Signaling, for safety and traffic management matters,
Networks, with construction and maintenance of infrastructures designed to transport and distribute energy & water.
The COLAS Group delegation will meet with the following institutions and organisations in Auckland:
the “Investment” branch of New Zealand Trade and Enterprise (NZTE), to discuss how NZTE, through its Pacific-focused business networks, could identify New Zealand firms seeking an investment partner such as the Colas Group, that could bring additional trade, capacity or innovation benefits;
the French-New Zealand Chamber of Commerce (FNZCCI),
the New Zealand – Pacific Business Council (NZPBC),
the Auckland City Council,
Infrastructure New Zealand, the national body dedicated to advance best practice in the development of world class transport, energy, water, telecommunications and social infrastructure,
representatives from Fulton Hogan and Downer.
This prospective trip to Auckland contributes to the implementation of the "Economy and Trade " component of the New Caledonia – New Zealand Joint Cooperation Plan, signed between the governments of New Caledonia and New Zealand on September 2016.
According to Dr Yves Lafoy, Official Representative of New Caledonia to New Zealand, this Plan between the two governments sets out the mutually decided objectives and priority areas to strengthen bilateral cooperation.
Priority areas for engagement in the Economy and Trade sector aim to increase two-way trade between New Caledonia and New Zealand by reducing trade barriers and increasing opportunities for work and investment, including through the promotion of joint ventures.