Articles tagged with Infrastructure Funding And Financing Amendment Bill

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New Amendments Boost NZ Infrastructure Funding to Support Housing Growth

3 weeks ago | 317 views

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.

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

New Infrastructure Funding Bill Boosts Housing Growth and Speeds Development

9 months ago | 814 views

The 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 Government