Last week the
Northland Regional Council (NRC) signed a Memorandum of Agreement (MOU) with a
Chinese state-controlled company to investigate infrastructure investment opportunities. According to
the NRC press release, "It builds on
a relationship that began in June last year when the council hosted a
delegation from China Railway Zhongji Holding Group..."
It seems that delegation was on a NZ road
trip as the Chinese group is reportedly
also looking at relationships in
Gisborne - and last November Fairfax media reported it had entered into an
agreement with Wellington property investors Chow Group Management to provide
up to $100 million in funding for construction ventures.
