1、SCHOOL PROPERTY PORTFOLIOInvestment opportunities 2,100 schools,16,000 school buildings,8,000 hectares of land and 36,500 classroomsOver the past two years,about$3.7 billion has been invested to maintain and expand the school portfolioWere forecast to spend$8-9 billion over the next 5 years With age
2、ing assets and strong demand for additional classroom capacity,there is pressure on Government financesCONTEXTBohally Intermediate School,BlenheimA 28 percent reduction in the average cost of each classroom,from$1.2m to$0.87mIMPROVEMENTS OVER THE PAST 12 MONTHSWellington Girls CollegeA 30 percent in
3、crease in the number of classrooms delivered,an additional 140 classroomsA 35 percent increase in the number of standard or repeatable designed buildings deliveredA 58 percent increase in funding for school maintenance,from$2.12b in 2021-23 to$3.34b in 2024-27EXAMPLE WELLINGTON GIRLS COLLEGEA 35 per
4、cent reduction in the average cost of each classroom14 two-storey modular classrooms,delivered in four monthsEXAMPLE TE UHO O TE NIKAU,AUCKLAND 12 modular classrooms,manufactured offsite and delivered in three monthsSix flexible learning buildings created,with two teaching spaces in eachAverage cost
5、 per classroom of$430,000 Standard modular classrooms for existing schoolsBuying land to build new schoolsReducing timeframes and costs Maintenance to extend a buildings useful lifeUpgrading buildings to be warm,safe and dryCompliance with legal and regulatory requirementsGrowMaintainComplyHOW WE TA
6、RGET OUR INVESTMENTWe are exploring new and dynamic approaches to address the challenges aheadWe are increasing our annual depreciation funding by$1.15b p.a.for maintenance and renewalsWe are open to innovative funding and financing optionsINVESTMENT BENEFITSHowick Intermediate S