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New Zealand's government to create separate entity for efficient property management of its $30bn school portfolio.
New Zealand's government is responding to a ministerial inquiry that criticized the Education Ministry's management of its $30 billion school property portfolio as inefficient and lacking transparency.
The inquiry recommends creating a separate entity to oversee property management.
The government will implement changes in three phases, aiming to clarify roles and improve communication and processes, with a final decision on the new model expected by 2025.
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El gobierno de Nueva Zelanda para crear una entidad separada para la administración eficiente de la propiedad de su cartera escolar de $30 mil millones.