Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


NZ infrastructure networks performing well

Hon Bill English
Minister of Finance

18 February 2014

NZ infrastructure networks performing well

The first comprehensive analysis of the performance and condition of New Zealand’s infrastructure networks confirms they are performing well, but there are challenges ahead, Finance Minister Bill English says.

“Until now, we have not had a complete picture about the condition and performance of our entire national infrastructure networks,” he says.

“The first National Infrastructure Evidence Base, published today by the National Infrastructure Unit, provides that essential information and will allow us to more effectively invest for growth.

“It concludes that good progress has been made in coordinating and planning investment in our national infrastructure networks. It also highlights some of the challenges that lie ahead, including the need to better understand the drivers of future demand for infrastructure and the options for meeting that demand in a growing economy.

“This information will help us address our future infrastructure challenges and opportunities, and help inform decisions we make to manage them. It will also provide a benchmark for tracking progress over time.

“The National Infrastructure Evidence Base has involved a range of government agencies, local government and private sector infrastructure users and providers working together,” Mr English says. “It’s a good example of the collaboration needed when considering long-term investment decisions.”

Despite the domestic recession and global financial crisis, over the past five years the Government has made a multi-billion dollar investment in priority new infrastructure such as roads, rail, ultra-fast broadband, irrigation, electricity transmission and rebuilding Christchurch.

“This investment has added almost $16 billion of infrastructure assets to the Government’s books over the last three years alone,” Mr English says.

“It has supported thousands of jobs across the country and is helping to build a solid platform for sustainable economic growth.

“As the evidence base notes, we face a range of infrastructure challenges, including from technology and demographic changes. Therefore, our traditional ways of spending more and building more infrastructure will need to change if we are to meet those challenges.

“With over $120 billion of taxpayer-owned infrastructure assets, there is plenty of scope to use these assets better, to manage and smooth our demand and to optimise our investment. Even small changes can have significant impacts,” Mr English says.

The National Infrastructure Evidence Base documents are available at: http://www.infrastructure.govt.nz/plan/2011implementation/evidencebase

INFRASTRUCTURE FACT FILE
• Around $16 billion of infrastructure assets added to the Government balance sheet over the last three years – buildings, state highways, electricity generation assets, electricity transmission assets, rail network, ultra-fast broadband and other plant, property and equipment.
• $650 million invested in the national electricity transmission grid over the past three years, with a further $295 million forecast this year.
• About $690 million invested in the roll out of Ultra-fast Broadband and the Rural Broadband Initiative.
• Over $2 billion invested in New Zealand's railways, including Auckland and Wellington metropolitan rail since 2011.
• The $12.28 billion national land transport programme between 2012 and 2015 is the largest ever in New Zealand.
• $1.74 billion expected investment in public transport between 2012 and 2015 - a 21 per cent increase over 2009-2012.
• $1 billion allocated to the 21st Century Schools from the Future Investment Fund.
• $1.83 billion of estimated infrastructure spending in Christchurch and another $1.48 billion of estimated spending on Crown assets following the earthquakes. Over $1 billion allocated to the greater Christchurch education renewal programme.
• $746 million of health property plant and equipment forecast this year.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Two Dead, One Injured – Suspect Arrested:

Police apprehended Russell John Tully just after 5pm this evening following the armed incident in Ashburton this morning.

Canterbury dog section and AOS apprehended Tully not far from Lake Hood. No shots were fired although Tully will be treated for minor dog-bite injuries.

Tully is now in custody at Ashburton Police Station. More>>


  • 3 News Out-Link - Livestream: Ashburton shooting press conference from 5pm

  •  

    Parliament Today:

    John Key Press Conference: Ashburton Shootings, Judith Collins Inquiry

    Prime Minister John Key has delayed the release of Nationals’ fiscal policy in light of this morning’s shooting at a Work and Income office in Ashburton... Key also answered questions about Judith Collins, and confirmed that independent inquiry will be held with regard to allegations made against Collins. More>>

    Gordon Campbell:
    On John Key’s ‘Blame It On Judith’ Strategy

    Right now, Prime Minister John Key seems intent on limiting the scope of any inquiry into his government’s dealings with Cameron Slater. The declared aim is to make that inquiry solely about Judith Collins’ behavior with respect to the Serious Fraud Office. More>>

    ALSO:

    Gordon Campbell: On The Debate, And The Collins Accusation

    Debating is a peculiar discipline in that what you say is less important than how you’re saying it. Looking poised, being articulate and staying on topic generally wins the day – and on that score, Labour leader David Cunliffe won what turned out to be a bruising encounter with Prime Minister John Key last night on TVNZ. More>>

    ALSO:

    Gordon Campbell: On Winston Peters' Latest Bout Of Immigrant Bashing

    It is only one poll, but rather than cannibalising each other's vote, Colin Craig and Winston Peters do seem to be managing to find the room to co-exist... Few are questioning how Peters got to this happy place, and what it says about the mood of the electorate. More>>

    ALSO:

    More Immigration News: First People Trafficking Charges

    The first people trafficking charges in New Zealand have been brought by Immigration New Zealand (INZ)... The defendants have been charged under the Crimes Act 1961 for arranging by deception the entry of 18 Indian nationals into New Zealand. More>>

    Collins 'Misinterprets Media Reports': "Too Compromised To Remain Justice Minister"

    Bizarre claims by Judith Collins this morning that she had been cleared of inappropriate behaviour by the Privacy Commissioner demonstrates she is too compromised to remain Justice Minister, Labour MP Grant Robertson says. More>>

    ALSO:

    Labour On Climate Change: Focus On The Now For The Future

    A Labour Government will put in place a comprehensive climate change strategy focusing on both mitigation and adaptation, establish an independent Climate Commission and implement carbon budgeting, says Labour Climate Change spokesperson Moana Mackey. More>>

    ALSO:

    Gordon Campbell: On National’s Housing Assistance Plan

    So, as many as 90,000 people could derive some benefit from National’s housing assistance plans for low and middle-income earners... Yet in reality, the benefits seem likely to be insignificant, and they will be skewed towards those at the top end of the income group that’s supposedly the target. More>>

    ALSO:

    Election Data Consortium: National’s Worst Case Scenario At Stage One?

    A month out from the general election and ipredict traders are still forecasting National’s vote to slip below current polling levels and there is potential for it to fall further. More>>

    ALSO:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
    Parliament
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news