New Amendments Boost NZ Infrastructure Funding to Support Housing Growth
The Infrastructure Funding and Financing Amendment Bill passed today enhances the existing Act by simplifying processes, broadening eligible projects, and allowing operational costs to be funded through levies, addressing previous barriers that limited its use. This legislation enables private investment to fund essential infrastructure, such as roads and water services, with repayments made via levies on benefiting properties, thereby supporting housing growth and economic development. The changes aim to accelerate infrastructure delivery, provide greater certainty for developers, and ensure that growth is sustainably funded, aligning with the Government’s broader Going for Housing Growth programme.