Articles tagged with Infrastructure Funding
Government Enhances Infrastructure Funding to Support Fast-Track Developments in NZ
1 week ago | 120 viewsThe 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.
Tags: Chris Bishop Simon Watts Development Contributions Development Levies Local Government Act 2002 Housing Growth Infrastructure funding New Zealand GovernmentNew Zealand Infrastructure Pipeline Grows by $15B to $290B in Latest Update
1 week ago | 161 viewsThe New Zealand Infrastructure Commission's latest update reveals the National Infrastructure Pipeline's value has risen by $15 billion to $290 billion, with fully funded projects increasing by $4.5 billion to $95.8 billion. The pipeline includes nearly 12,500 projects across sectors like healthcare, roads, water, and schools, reflecting sustained momentum and improved planning that supports economic growth and job creation. Additionally, $17.5 billion in initiatives are progressing through planning to start construction within the next year, signaling ongoing investment and development nationwide.
Tags: Chris Bishop New Zealand Infrastructure Commission National Infrastructure Pipeline Infrastructure Minister healthcare projects construction sector economic growth infrastructure funding government projects infrastructure planningNational's Infrastructure Plan: Fixing NZ Land Transport Funding and Costs
1 week ago | 142 viewsThe speaker highlights the government's strong infrastructure track record, emphasizing value-for-money investments, policy reforms, and major projects underway, while acknowledging challenges like a funding gap and high costs in the land transport system. To address these, the government plans an independent report on cost drivers and reforms in funding and oversight, aiming for a sustainable, user-funded, and efficient transport network aligned with economic growth and housing development. The upcoming Government Policy Statement (GPS) 2027 will focus on cost control, maintenance, productivity, safety, and transit-oriented development to maximize infrastructure benefits and support growth.
Tags: David Howard Alan Pollard Matua Shane Jones Infrastructure Commission National Infrastructure Funding and Financing Limited Kāinga Ora National Party Ministry for Cities Environment Regions and TransportWestgate Station Opens Early, Boosting Auckland’s Northwest Busway Transit
1 week ago | 189 viewsWestgate Station, the first completed part of the Northwest Busway project in northwest Auckland, has been delivered on time and under budget, providing a modern public transport hub that supports growing communities and improves connectivity. The broader Northwest Busway will offer a rapid transit connection between Brigham Creek and Auckland city centre, significantly enhancing transport capacity, reducing congestion, and promoting economic growth with expected future passenger journeys rising from 1,000 to over 13,000 daily by 2041. The project exemplifies efficient infrastructure delivery, with ongoing development including Brigham Creek Station, and aligns with government priorities to invest in practical, value-for-money public transport solutions for Auckland’s expanding population.
Tags: Chris Bishop Wayne Brown NZ Transport Agency Auckland Transport National Infrastructure Funding and Finance Westgate Station Northwest Busway Brigham Creek Station WX1 service Auckland MayorGovernment Launches Second Round of Zero-Interest Loans for 10,000 EV Chargers by 2030
1 week ago | 178 viewsThe New Zealand Government aims to install 10,000 public electric vehicle (EV) chargers by 2030, launching a second round of zero-interest concessionary loans to stimulate private investment in charging infrastructure. This initiative addresses range anxiety and the low charger-to-EV ratio by partnering with the private sector and building on the success of the first funding round, which added 2,574 new charge points. Additionally, the Government is implementing complementary measures such as developing charger standards, easing solar and EV charger installations, and promoting time-of-use electricity plans to support electrification and reduce power costs.
Tags: Chris Bishop Simeon Brown National Infrastructure Funding and Financing NIFFCo ChargeNet Meridian Energy New Zealand Government electric vehicle chargers EV infrastructure public charging networkNew Amendments Boost NZ Infrastructure Funding to Support Housing Growth
3 weeks ago | 284 viewsThe 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.
Tags: Chris Bishop Simon Court Infrastructure Funding and Financing Amendment Bill New Zealand Housing Growth Milldale development New Zealand Transport Agency KiwiRail National Infrastructure Funding and Financing Environment Committee$27.6M Government Fund to Rebuild Hawke’s Bay Marae After Cyclone Gabrielle
4 months ago | 957 viewsThe New Zealand Government has allocated $27.6 million through the Whenua Māori and Marae Pathway to relocate and rebuild two Hawke’s Bay marae, Petāne and Tangoio, in safer locations after severe damage from Cyclone Gabrielle in 2023. Both marae were assessed as Category 3, indicating unacceptable future risk from flooding and landslides, prompting the need for relocation to new sites at 253 Onehunga Road and 139 Beach Road, respectively. This investment aims to ensure the marae continue to support their communities, especially during emergencies, by strengthening resilience and providing certainty for future generations.
Tags: Tama Potaka Cyclone Gabrielle Petāne Marae Tangoio Marae Whenua Māori and Marae Pathway Hawke’s Bay Māori Development Māori Crown Relations National Infrastructure Funding and Financing Māori communitiesGovernment Approves Infrastructure Levy to Build 1,500 New Homes at Te Awa Lakes
4 months ago | 779 viewsThe Government has approved the use of an Infrastructure Funding and Financing (IFF) Act Levy to support the construction of around 1,500 new homes in the Te Awa Lakes development near Hamilton by funding up to $50 million in water and roading infrastructure. The IFF Act enables infrastructure costs to be financed through a Special Purpose Vehicle that charges levies to benefiting homeowners, bypassing local government borrowing constraints and allowing growth to pay for growth. Additionally, the Government is enhancing the IFF Act and supporting developments like Te Awa Lakes with the Greenfield Model to reduce financing costs and promote affordable housing growth.
Tags: Chris Bishop Te Awa Lakes Infrastructure Funding and Financing Act Hamilton City Council New Zealand Government Housing Minister IFF Act Levy Greenfield Model National Infrastructure Funding and Financing Limited Coalition GovernmentNew Zealand to Double EV Public Chargers with $52.7M Zero-Interest Government Loans
5 months ago | 861 viewsNew Zealand's government is investing $52.7 million in zero-interest loans, alongside $60 million from ChargeNet and Meridian, to more than double the country's public EV chargers to around 4,550, aiming for 10,000 by 2030. This initiative addresses the current shortage of public chargers, a key barrier to EV adoption, by easing private sector investment and streamlining planning rules to accelerate infrastructure rollout. Expanding the charging network supports growing EV uptake, reduces emissions, and helps households save on fuel costs amid volatile global markets.
Tags: Chris Bishop Simon Watts ChargeNet Meridian Energy New Zealand EV chargers electric vehicles government loans EECA National Infrastructure Funding and FinancingNew Zealand Fixes 98% of State Highway Potholes Within 24 Hours
6 months ago | 874 viewsThe New Zealand Government has successfully improved pothole repairs on state highways, with around 98% fixed within 24 hours each month since July 2024, meeting or exceeding set targets. This progress is supported by a dedicated $3.9 billion Pothole Prevention Fund over three years, focusing on extensive road rehabilitation, resealing, and drainage maintenance to reduce pothole formation. These efforts have enhanced road safety and reliability, with ongoing maintenance programs and public reporting encouraged to sustain improvements.
Tags: Chris Bishop New Zealand NZTA Government Pothole Prevention State Highways Road Rehabilitation Transport Minister Pothole Repairs Infrastructure FundingNew Infrastructure Funding Bill Boosts Housing Growth and Speeds Development
8 months ago | 805 viewsThe Infrastructure Funding and Financing Amendment Bill aims to ease development by enabling upfront financing of growth infrastructure, allowing properties benefiting from development capacity to be levied, thus overcoming council funding constraints. The amendments will broaden project eligibility to include agencies like NZ Transport Agency and KiwiRail, remove bureaucratic barriers, and ensure faster decisions with fewer vetoes to accelerate infrastructure delivery. These changes support the Government’s Going for Housing Growth Programme by providing flexible funding tools that help both planned and unplanned infrastructure meet housing demand.
Tags: Chris Bishop Simon Court Infrastructure Funding and Financing Amendment Bill Milldale Housing Growth New Zealand Transport Agency KiwiRail Infrastructure Funding Development Levy GovernmentNew Zealand Government Advances Infrastructure Funding Reforms to Boost Housing Growth
8 months ago | 869 viewsThe New Zealand Government is advancing reforms to improve infrastructure funding and financing to support housing and urban growth, focusing on land supply, infrastructure, and growth incentives through its Going for Housing Growth programme. Key initiatives include introducing the Infrastructure Funding and Financing (IFF) Amendment Bill, replacing development contributions with a new development levies system, and proposing the Commerce Commission as the regulator for development levies to ensure fairness and transparency. Public consultation on these reforms runs until February 2026, aiming to create a flexible, consistent system that enables faster housing development and better infrastructure delivery.
Tags: Chris Bishop Simon Watts Scott Simpson Housing Minister Local Government Minister Commerce and Consumer Affairs Minister Infrastructure Funding and Financing Development Levies Commerce Commission New Zealand GovernmentNew Zealand's Infrastructure Pipeline Hits $275 Billion with 12,000 Projects
9 months ago | 1055 viewsThe New Zealand Infrastructure Commission's latest update reveals nearly 12,000 infrastructure projects worth $275 billion, showing significant growth from $237 billion in June, with $181 billion now having full or partial funding. The Pipeline, covering projects across government and private sectors in areas like transport, water, and education, provides a comprehensive view to support better planning, economic growth, and workforce confidence. This update will guide the National Infrastructure Plan by highlighting funded and unfunded initiatives, improving decision-making and system performance nationwide.
Tags: Chris Bishop New Zealand Infrastructure Commission National Infrastructure Pipeline infrastructure projects infrastructure planning construction sector government agencies National Infrastructure Plan infrastructure investment infrastructure fundingRevitalizing the Property Sector: Updates on Market Cycles, Innovative Ideas, and Growth Opportunities in Queenstown
11 months ago | 1084 viewsThe speaker expresses gratitude for being at an event in Queenstown hosted by the Property Council, emphasizing the importance of collaboration among various stakeholders in the property industry. They acknowledge the challenges faced by the construction and property sectors due to inflation and economic cycles but highlight government initiatives to support recovery, including reforms to streamline building processes. The speaker outlines key pillars of the Going for Housing Growth program and upcoming Resource Management Act reforms aimed at facilitating development and addressing infrastructure needs, concluding with a mention of City and Regional Deals as strategic partnerships to drive economic growth and housing development.
Tags: Leonie Freemen Minister Penk Shamubeel Eaqub Simplicity Reserve Bank Property Council Resource Management Act Going for Housing Growth Development Levies Infrastructure Funding and Financing ActExploring Toll Concessions for New Zealand's Road Infrastructure Development
1 year ago | 3781 viewsMarket soundings with international and local toll road investors, operators and financiers will begin next week as the next step in exploring how toll concessions could help fund, build and operate important road infrastructure, Infrastructure and Transport Minister Chris Bishop says. “The Government is focused on improving high-quality road infrastructure to boost economic growth and ensure people and freight can travel efficiently and safely. To accelerate the delivery of vital transport projects, we’re looking into alternative funding and financing methods, including the use of toll concessions.
Tags: toll concessions road infrastructure Chris Bishop toll roads private sector involvement market sounding infrastructure funding toll collection transport projects