$12 billion investment in infrastructure a positive step
Today, the Government announced one of the biggest infrastructure packages in New Zealand history. This significant spend-up on roads comes out of the $12 billion Infrastructure Fund and includes:
- $6.8 billion for transport infrastructure in our six main growth areas - Auckland, Waikato, Bay of Plenty, Wellington, Canterbury and Queenstown.
- $2.2 billion for new roads in Auckland.
- $1.1 billion for rail.
Property Council CEO Leonie Freeman was in attendance for the announcement and was pleased with the Government’s much needed infrastructure spend, “this is a positive step towards ensuring connectivity between cities and regions.”
“This investment package provides New Zealanders and the construction sector with much needed certainty of future infrastructure projects”.
“The future infrastructure package will better support current growth and enable future growth of new housing developments. It will also aid New Zealand cities by reducing congestion and travel times.”
The top of the North Island will be the biggest beneficiary of the investment, with $3.48 billion to be spent in Auckland, $991 million in Waikato and the Bay of Plenty, and $692 million spent on a single road in Northland.
For more information and detail of the infrastructure package, see here.
Author | Natalia Tropotova
Natalia has a Master of Public Policy from the University of Auckland, a Bachelor of Arts (1st Class Honours) from University of Canterbury with a Major in Education and a Double Minor in Psychology and Media and Communication. She joined Property Council from Auckland Council, with experience working as a Policy Analyst and Senior Advisor to Voter Participation.
As a Senior Advocacy Advisor, Natalia looks after both national workstreams, such as infrastructure funding, as well as leading local advocacy projects for the South Island and Bay of Plenty branches and the Otago Chapter.