Government Enhances Infrastructure Funding to Support Fast-Track Developments in NZ

The New Zealand Government is enhancing infrastructure funding settings to ensure growth-related costs from Fast-track developments are recoverable by councils, addressing challenges like out-of-sequence projects and cross-boundary infrastructure impacts. Amendments to the Local Government Act 2002 will allow councils to update Development Contribution policies and recover costs more flexibly, serving as an interim measure until the new Development Levies system becomes operational in 2029. These changes aim to balance the acceleration of development through Fast-track approvals with fair infrastructure funding, supporting economic growth while maintaining effective service delivery.