NZ Infrastructure pipeline growing

In BICSI Bytes, Newsby info@bicsi.com.au

New Zealand’s Infrastructure Minister Shane Jones is welcoming the first of many updated project pipelines from the newly established New Zealand Infrastructure Commission, Te Waihanga, which has released an expanded pipeline of major capital projects.

Commenting on the update, the Minister said: “The first iteration of the pipeline by Treasury included a small number of capital intensive central Government agencies and had a combined worth of NZ$6.1 billion. Today’s updated pipeline has an estimated value of $21.1 billion.

“It’s great to see the Commission working with more agencies and organisations to include their planned infrastructure developments in the pipeline.

“The purpose of this exercise is to provide the sector with greater information and certainty about anticipated capital expenditure over the next five years, so it is best prepared to deliver on the Government’s ambitions for world-class infrastructure in our cities and regions.

“Local government is represented for the first time, as it’s important the pipeline extends beyond just central Government and accounts for major capital expenditure across the whole economy, and in time private sector projects [may be] included as well.”

The pipeline can be accessed at https://infracom.govt.nz/projects/pipeline/