17 Jul 2026
3 months ago
747 views
The New Zealand Government has confirmed KiwiRail will operate two new Cook Strait rail ferries, named Kupe and Cook, arriving in 2029 with a 30-year operational plan to ensure a practical and affordable ferry service. The project, capped at $1.7 billion, saves $2.3 billion compared to previous estimates and includes commercial arrangements protecting taxpayers while supporting critical freight routes between Auckland and Christchurch. The programme also features new marine infrastructure, strict project management, and a long-term strategy to maintain rail ferry services for future generations.
16 Jul 2026
3 months ago
718 views
John Rae has been reappointed Chair of the Crown Regional Holdings Limited Board for three more years due to his extensive legal, financial, and governance expertise. Crown Regional Holdings manages significant government investments aimed at supporting regional economic development across New Zealand, with a diverse portfolio spanning eight regional funds, 13 regions, and 19 industry sectors. As of the 2025 financial year, CRHL oversees 201 active contracts totaling $1,085 million in loans, equity, and capital assets, reflecting the government’s commitment to regional growth.
01 May 2026
5 months ago
1130 views
The Pound Road industrial land development in Christchurch, covering 60.4 hectares and providing up to 84 industrial lots, has received Fast-track approval, marking the 20th project approved under this process and the seventh in the South Island. This project is expected to contribute $451 million to the economy during construction and support long-term economic growth by accommodating light manufacturing, warehousing, and logistics, while providing infrastructure such as roads and three-waters services. The Fast-track process continues to facilitate significant regional developments, with 45 projects currently progressing and approvals granted under various acts to streamline growth and job creation.
16 Apr 2026
6 months ago
1136 views
The Marlborough District Council has begun consulting on funding Port Marlborough’s $110 million contribution to revenue-generating port assets in Picton, supporting new resilient ferries for road, rail, and passengers. This initiative, part of a $531 million budget for Picton works, aims to replace ferries while saving taxpayers $2.3 billion and securing long-term infrastructure for the Interislander and Bluebridge services. The proposal is designed to cost no additional ratepayer funds, with dividends from Port Marlborough benefiting the community and taxpayers funding the balance through Ferry Holdings.
12 Mar 2026
7 months ago
1337 views
John Williamson has been reappointed as Chair of the Guardians of New Zealand Superannuation Board for two more years starting October 1, reflecting his strong leadership and extensive experience. The Board manages government investments in the NZ Super Fund and the Elevate NZ Venture Capital Fund, with five of seven members currently in their first term. This reappointment aims to ensure stability, continuity, and robust investment performance to grow New Zealand’s sovereign wealth funds for future generations.
17 Feb 2026
8 months ago
1214 views
Andy Knight has been appointed chair of the expert panel advising the New Zealand Government on applications to the $200 million Gas Security Fund, which aims to enhance domestic gas supply and storage amid declining production. The panel also includes geophysicist Tim Allan and energy sector professional John Pagani, with two more members to be appointed, and will provide independent, expert advice to decision-making ministers Shane Jones and Chris Bishop. The fund, administered by Kānoa – Regional Economic Development & Investment Unit, supports projects with short- to long-term benefits to secure affordable and reliable gas for New Zealand’s economy.
27 Nov 2025
11 months ago
1171 views
Rodger Finlay has been appointed Chair of the Reserve Bank, continuing his leadership since August 2023, while Rhiannon McKinnon joins the Bank’s Board for a five-year term. These appointments are part of a broader refresh of the Reserve Bank, which includes new leadership, committees, and a focus on increased accountability, transparency, and banking competition. Both appointees bring extensive experience in governance and financial management, supporting the Bank's statutory responsibilities and government expectations.
19 Nov 2025
11 months ago
1186 views
The Government has secured two new Interislander ferries from Guangzhou Shipyard International under a $596 million fixed-price contract, with the total program costing less than $2 billion and saving taxpayers $2.3 billion by cutting expensive consultancy and excessive infrastructure. Funding for the infrastructure will be recovered through port fees and Interislander is expected to build reserves for future ferry replacements, operating like a normal business. The project is managed by Ferry Holdings with support from CentrePort, Port Marlborough, and KiwiRail, emphasizing fiscal discipline and minimizing disruption, while also strengthening economic ties with China.
07 Nov 2025
11 months ago
1800 views
Infrastructure Minister Chris Bishop has welcomed the Fast-track approval of the Drury Metropolitan Centre development project in Auckland, projected to inject over $1.45 billion into the economy and create 3,420 full-time jobs. The project includes residential, commercial, and community spaces, with significant government investments in infrastructure like new train stations and road upgrades in the area. The Fast-track process aims to address infrastructure deficits, boost housing supply, create jobs, and improve the efficiency of project approvals through the Fast-track Approvals Amendment Bill.
14 Oct 2025
1 year ago
1357 views
The Government has selected Guangzhou Shipyard International to build two new ferries through Ferry Holdings Limited. Rail Minister Winston Peters highlighted GSI's expertise and capabilities as a leading shipbuilding enterprise in Southern China. Negotiations are ongoing, with details to be disclosed upon completion, including agreements with CentrePort Limited and Port Marlborough New Zealand Limited, aiming for completion in 2029 with cost-effective solutions to benefit New Zealand taxpayers.
03 Sep 2025
1 year ago
1381 views
Ferry Holdings has secured a preferred shipbuilder for two new ferries to serve passengers, road, and rail for the next 30 years, with a fixed price and completion in 2029. Rail Minister Winston Peters praised the swift procurement process and highlighted the importance of the letter of intent signed for technical negotiations. The new ferries will have specific dimensions, capacities, power, and safety features to ensure efficient and environmentally friendly transportation across the Cook Strait for the next three decades.
15 Aug 2025
1 year ago
1579 views
KiwiRail and Hyundai Mipo Dockyard have settled on a $144 million payment to cover costs incurred from the cancelled Project iReX ferries, with KiwiRail emphasizing the decision was not a reflection on Hyundai. The settlement frees up more funding for other Government projects, debunking claims that canceling the contract would cost taxpayers the full $551 million contract value. The settlement marks the end of mismanagement by the previous government, which failed to consider necessary port infrastructure, resulting in a near quadrupling of project costs before its cancellation in December 2023.
01 Jul 2025
1 year ago
2801 views
Ferry Holdings has reached agreement with CentrePort, Port Marlborough and KiwiRail on core infrastructure scope, Rail Minister Winston Peters announced today. The agreements set out the scope of physical work and equipment to be delivered by 2029 when two new ferries arrive, with port and KiwiRail agreements to be entered later this year to confirm the investment splits between Ferry Holdings and each other company and other commercial terms. “This is not our first regatta, as this no-nonsense infrastructure focus is what was supposed to happen in 2020 until poor management and a lack of oversight allowed iReX to blow out.
22 Jun 2025
1 year ago
3086 views
The positive impact of the Government’s Infrastructure Investment Summit earlier this year is beginning to show, following the shortlisting of three consortia for the Warkworth to Te Hana section of the Northland Expressway, Infrastructure and Transport Minister Chris Bishop says. “The Investment Summit, which took place in Auckland in March 2025, attracted international and local companies which collectively manage over $6 trillion in capital,” Mr Bishop says. “Ministers’ presentations at the Summit left the investors in no doubt that New Zealand is serious about attracting investment into the big infrastructure projects our country needs.