NZ Infrastructure Project Pipeline launched

In BICSI Bytes, News by info@bicsi.com.au

The New Zealand Government recently published a prototype Infrastructure Pipeline, to show what projects will be delivered by major central government agencies over the next five years.

Developing a long-term and publicly available Infrastructure Pipeline will be a key focus for the new Infrastructure Commission, Te Waihanga, which scheduled to be functioning by the end of 2019.

Making the announcement, Infrastructure Minister, Shane Jones said: “By shining a light on the big capital projects expected over a five-year horizon, the pipeline will not only give industry much needed certainty, but also help inform the Infrastructure Commission’s thinking as it develops a 30-year strategy to reverse New Zealand’s infrastructure deficit and maximise value for money from the Government’s NZ$42 billion capital spending plan.

“The Government is the construction industry’s biggest client and the new Commission will play an important role in coordinating and planning New Zealand’s infrastructure investment, to improve the wellbeing of all New Zealanders.

“Creating a fulsome pipeline is also a priority identified in the recently launched draft Construction Industry Accord.

“Once fully developed, the Infrastructure Pipeline tool will help give the infrastructure market greater confidence about the timing, sequencing and scale of future credible and committed infrastructure projects, so it can gear-up capacity and capability to deliver.”

The prototype currently includes data from five capital-intensive central government agencies: The Ministries of Education and Health; New Zealand Transport Agency; New Zealand Defence Force; and Department of Corrections.

“This prototype will allow us to gather feedback on the pipeline’s form and function before it expands to involve all central government agencies, local government, and, in time, private sector projects,” Jones concluded.

The Infrastructure Pipeline has been developed by the Treasury’s Infrastructure Transactions Unit (ITU) in the lead-up to the establishment of the Infrastructure Commission. The next update is planned after 30 May 2019, to incorporate any changes resulting from Budget 2019.

The Infrastructure Pipeline Tool is available at www.treasury.govt.nz/infrastructure-pipeline