The funding allocated in this year’s budget, while significant, is insufficient in and of itself to address the infrastructure deficit which is estimated to be in excess of $200bn. New Zealand must address this to meaningfully improve living standards.
Wednesday, 12 May 2021, 4:01 pm
To grow the economy and improve social outcomes, New
Zealand needs sustained and ongoing investment in and
improvements to its infrastructure. Last year’s budget did
not allocate sufficient funding to address the
infrastructure deficit which is estimated to be $75bn. New
Zealand must address this to meaningfully improve living
standards.
While central and regional authority
funding will always be vitally important to improving
infrastructure, appropriate private sector finance has a key
role to play in advancing these objectives and addressing
New Zealand’s infrastructure requirements.
What are
the benefits of private sector financing?
Appropriate
private sector financing (used prudently) can accelerate the
Simon Gray: Financing New Zealand s infrastructure and improved social outcomes
8 May, 2021 02:00 AM
5 minutes to read
The Transmission Gully road under construction last year at Paekakariki, Kapiti. Photo / Mark Mitchell
NZ Herald
OPINION:
To grow the economy and improve social outcomes, New Zealand needs sustained and ongoing investment in its infrastructure. Last year s budget did not allocate enough money to address the infrastructure deficit, which is estimated to be $75 billion.
New Zealand must address this to meaningfully improve living standards.
Central and regional authority funding will always be vitally important to improving infrastructure, but appropriate private sector finance has a key role to play in advancing these objectives and addressing New Zealand s infrastructure requirements.