delighted with today’s announcement of $12 billion in new capital investment by
the Government,” says Infrastructure New Zealand CEO Paul Blair.
next critical step is to give the industry certainty, execute effectively, and
procure in partnership with iwi, councils, and the private sector in alignment
with the Construction Sector Accord principles.
is encouraging to see the Government using its recent surplus to invest in
productive infrastructure to deliver environmental, social, cultural, and
health and regional investment, as well as earlier announced spending on
schools, comprise the majority of the allocations.
long awaited $6.8 billion investment in roads and rail is the highlight of the
package and represents by far the largest transport commitment from the
consolidated fund by any Government in over a generation.
$300 million allocated to regional investment could generate significant
benefits in the provinces, particularly if leveraged to attract local and
increases in capital spending over the next few years will see net new
Government capital investment peak at close to $12 billion in 2021, up from
just $1 billion five years ago.
reprioritisation has impacted both government and industry’s ability to get
projects delivered in recent years, affecting business confidence and economic
significant barrier to execution is the Resource Management Act, which is why
we’re delighted to see the Randerson-led review underway.
the interim, the most effective way to expedite resource management approvals
would be to partner with councils to make sure that communities, iwi, and
businesses are adequately engaged on projects.
of our poorer performing infrastructure portfolios, housing and water, do not
feature heavily in today’s announcement.
it is pleasing to see critical legislation around a new drinking water
regulator, new powers for Kāinga Ora, and new infrastructure funding and
financing tools being addressed with urgency.
urban development to be effective, urban water, transport and housing need to
be planned and delivered in an integrated fashion.
“If the Government can deliver its ambitious programme, this is a
great start to build momentum and address our long-standing infrastructure
issues, but we are not there yet,” says Blair.
For further information and
comment contact Paul Blair on 021 902 436