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The Government has extended KiwiRail’s lease of railway land by 100 years, unlocking the commercial potential of billions of dollars in Crown property, Rail Minister Winston Peters says. “New Zealanders have invested in their railway estate for generations, and we must make those assets work harder for taxpayers,” Mr Peters says. “Across the country, valuable railway land sits vacant or underused.
The Government is amending legislation to support New Zealand's offshore wind potential, aiming to boost economic growth and energy production. The Offshore Renewable Energy Bill is being revised to address concerns from offshore wind developers about coexisting with seabed mining activities. The amendments will create designated marine spaces for offshore wind projects, providing investment certainty while pausing new permits for seabed mining under the Crown Minerals Act.
Immigration Minister Erica Stanford is leading a delegation to the United States to promote New Zealand's Active Investor Plus visa, which has attracted over $1 billion in proposed investments since April 1, with US investors showing the most interest. The trip aims to engage with potential investors interested in New Zealand's business opportunities and economic growth, highlighting the country's appeal as a safe and pro-business environment. Minister Stanford will visit New York, Los Angeles, and San Francisco for events organized by Invest NZ, emphasizing the importance of attracting investment to support economic development and create opportunities for New Zealanders.