New Zealand outlines $100bn infrastructure pipeline
The New Zealand government’s latest capital plan sets out a pipeline of NZ$100.9bn (£59bn) of infrastructure projects over the next decade.
The Ten Year Capital Intentions Plan (CIP) covers the period from 2016-2025. It is the third of its kind since the initiative was launched in 2014 and brings together the infrastructure investment intentions of central and local government, state-owned enterprises and public and private companies.
Of the 3,823 projects in the 2016-2025 pipeline, 219 belong to central government and are valued at NZ$40.5bn, 3,559 belong to local government and are valued at NZ$51.1bn and 45 projects belong to the private sector at a value of NZ$9.2bn.
“Publishing this information offers transparency and provides businesses with greater certainty about current and future infrastructure provision,” said finance minister Bill English. “Ensuring that the right frameworks are in place to support sound infrastructure investment decisions that meet the needs of a changing New Zealand is an important focus for this Government.
“Central and local government are increasingly working together to improve infrastructure investment and the management of existing infrastructure necessary to underpin economic growth.”
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This article was published on 23 Oct 2016 (last updated on 23 Oct 2016).