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Infrastructure Investments to be Brought Forward in New Zealand

Infra News - Published on Tue, 03 Dec 2019

Image Source: Grant Robertson
The New Zealand Government has decided to bring forward major investments in New Zealand’s infrastructure to future proof the economy. New Zealand finance minister Mr Grant Robertson said “Cabinet has agreed to a significant boost to infrastructure investment. I have directed the Treasury to help bring together a package of projects that can be brought into the Government’s short and medium term plan of investments. We have this once in a generation opportunity because of the Government’s good management of the books and resulting low debt. It makes sense to take advantage of this low debt and record low interest rates to make investments now to benefit generations to come.

He said “The Government inherited neglected infrastructure when it took office, including run down hospitals, roads that had been announced but not paid for, overcrowded classrooms and a state housing shortage. We are still finalising the full list of specific projects but they will be spread across the country and will support a number of different sectors. The package will provide certainty to the construction industry about upcoming infrastructure projects.”

The size of the investment package and how it will support the growing economy will be outlined at the Budget Policy Statement on 11 December.

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Posted By : Yogender Pancholi on Tue, 03 Dec 2019
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