Deloitte
Deloitte House
10 Brandon Street
Wellington 6011
PO Box 1990
Wellington 6140
New Zealand
Tel: +64 (0) 4 472 1677
Fax: +64 (0) 4 472 8023
www.deloitte.co.nz
31 May 2016
Wayne Hastie
General Manager Public Transport
Greater Wellington Regional Council
PO Box 11646
Wellington 6142
Dear Wayne
Re: PTOM Bus Partnering Contract
Deloitte has been engaged by Greater Wellington Regional Council (GWRC) to provide financial
advisory services in support of its implementation of the Public Transport Operating Model (PTOM) in
the Wellington public transport market.
As part of our engagement (PTOM Financial Consultancy Services (PT0395)) we have undertaken a
commercial review of the key commercial and payments related provisions of the Draft Bus Partnering
Contract Version v3 dated 7 April 2016 (“the Contract”).
The scope of our review did not include legal, taxation and accounting matters.
Key commercial terms
We have reviewed the Main Partnering Contract and related definitions in Schedule 1, excluding the
following operational matters:
Tender Participation and Transition Deeds (TPTD);
Part Two (Parties’ Obligations and Rights), except sections 10 (Vehicles), 11 (Depots) and 17
(Sub-contracting);
Part Five (Health and Safety);
Sections 42 (Insurance) and 44 (Financial Performance and Security - Bonds);
Part Ten (Miscellaneous); and
Schedules and Annexures, except Schedules 3 (Passenger Services), 6 (Financial and
Performance Regime) and 14 (Change Events and Net Financial Impact) and Annexure 5
(Transfer Agreement).
We have specifically reviewed the contract amendments in response to the key commercial issues
raised in written market feedback on the Draft Partnering Contract Version v2 from interested bidders.
Attachment A summarise changes made in the Partnering Contract Version v3 that adequately
address the key commercial issues raised in market feedback.
Deloitte refers to one or more of Delo tte Touche Tohmatsu Lim ted, a UK private company lim ted by guarantee, and ts network
of member firms, each of wh ch is a legally separate and independent entity. Please see www.delo tte.com/nz/about for a detailed
descript on of the legal structure of Delo tte Touche Tohmatsu Limited and ts Member Firms.
A member of Delo tte Touche Tohmatsu Limited
