Did you know that there is a version of The Construction Index for the USA? Visit the site No thanks
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Wed December 07 2016

Related Information
Related Information
Related Information
Related Information

News » International » New Zealand outlines $100bn infrastructure pipeline » published 23 Oct 2016

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.

finance minister Bill English Above: finance minister Bill English

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.”

 

MPU

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News, Contract News & Supplier News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 23 Oct 2016 (last updated on 23 Oct 2016).

More News Channels