Articles tagged with Niffco
Government Launches Second Round of Zero-Interest Loans for 10,000 EV Chargers by 2030
19 hours ago | 64 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 Zealand Government Monetises $702M Chorus Debt to Fund Key Infrastructure Projects
1 day ago | 88 viewsThe New Zealand Government has entered binding agreements to monetise $642 million of interest-free loans provided to Chorus for fibre broadband rollout, generating net proceeds of approximately $702 million. This early monetisation enables reinvestment in critical infrastructure projects such as roads, hospitals, and schools, supporting economic growth and addressing the country's infrastructure deficit. The transaction does not affect Chorus ownership or services and reflects the Government’s commitment to disciplined public finances and strategic infrastructure investment.
Tags: Nicola Willis Chris Bishop Chorus The Crown New Zealand NIFFCo Finance Minister Infrastructure Minister Budget 2026New Zealand Advances LNG Import Facility to Cut Power Bills and Boost Energy Security
2 months ago | 398 viewsNew Zealand’s Government is advancing plans for a liquefied natural gas (LNG) import facility to enhance energy security, reduce power bills by up to $800 million annually, and provide reliable backup during dry years when renewable sources underperform. This facility, expected to be operational by 2028, will not be funded by levies on power bills but through a fair model involving industry stakeholders, ensuring stable and affordable energy for households and businesses. The initiative addresses risks highlighted by recent energy shortages and price spikes, aiming to protect jobs, support economic growth, and secure the nation’s energy supply amid declining indigenous gas production.
Tags: Simeon Brown New Zealand Government LNG import facility Energy Minister Labour Government MBIE NIFFCO Electrify NZ New Zealand Aluminium Smelter Winter Energy Reliability ObligationUnlocking Capital: Government to Sell Chorus Securities for Infrastructure Investment
10 months ago | 955 viewsThe Government is considering selling its investment in Chorus to free up capital for more beneficial projects in New Zealand, following the completion of the Ultra-Fast Broadband initiative in 2022. Minister of Finance Nicola Willis highlights the need to redirect the capital into investments that will benefit New Zealanders, with Infrastructure Minister Chris Bishop aiming to expedite the sale to private investors by early 2026 to allocate the proceeds towards hospitals, schools, and roads in Budget 2026. NIFFCo will conduct due diligence on the securities, evaluate market interest, and provide recommendations on the optimal sales process, with a decision on the sale expected by the end of 2025 to ensure value-for-money expectations are met.
Tags: Government Chorus NIFFCo Nicola Willis Chris Bishop Treasury fiscal strategy economic growth New ZealandersTransforming New Zealand's Infrastructure: A Vision for Growth and Efficiency
1 year ago | 2077 viewsThe speaker expresses gratitude for the opportunity to attend Building Nations 2025 and acknowledges the need for improved infrastructure policy in New Zealand. As the Infrastructure Minister, the speaker highlights challenges in delivering and maintaining infrastructure, emphasizing the importance of efficient systems for economic growth and living standards. Key priorities include developing a National Infrastructure Plan, improving funding and financing, addressing road pricing reform, enhancing the consenting framework, and strengthening asset management and resilience to ensure a prosperous future for New Zealand.
Tags: Nick Leggett Infrastructure New Zealand Minister New Zealand National Infrastructure Plan NIFFCo Infrastructure Commission Building Nations RUC Resource Management Act