Value Capture back on the agenda

Property Council was fortunate to attend the recent ministerial announcement of the future of Auckland Light Rail, where we heard firsthand from Minister Robertson and Woods of the government’s intention to develop a new capture funding mechanism to partially fund Light Rail.

Early indications are that the government is looking to raise $2-3 billion for Auckland light rail and the Government’s intention to use the new model for funding future infrastructure projects across New Zealand. As such, the issue of value capture is now firmly on the policy agenda for 2022. 

Here at Property Council, we are looking to develop a clear and comprehensive position on value capture funding and to be a constructive partner to government as they develop value capture as a funding tool in New Zealand.

If you are a member and are interested in contributing to Property Council’s Value Capture working group, please contact Logan Rainey for further information.

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