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

 

PARLIAMENT TODAY:

  • Govt Probed Over Health & Safety
  • Questions and Answers 28-05-15
  • Week in Parliament 22-05-15
  • Saturday Sitting
  • House Rises At Midnight
  • Telco Levy Bill Passes
  • Telco Levy Bill Completes First Reading
  • Social Housing Bill Passes Under Urgency

  • Labour Party: McCully Doesn’t Deny Bribe In Saudi Sheep Scandal

    “In Parliament today I asked Murray McCully directly: Why is he the first Minister in history to back a multi-million dollar facilitation arrangement which in other jurisdictions is called a bribe? says Labour’s Export Growth and Trade spokesperson ... More>>

    ALSO:

    Welfare: Closure Of Relationships Aotearoa

    The Aotearoa New Zealand Association of Social Workers (ANZASW) Chief Executive Lucy Sandford-Reed is concerned about the closure of a national service which provides a wide range of services to rural and urban communities throughout New Zealand. More>>

    ALSO:

    TPPA: University Of Auckland Warns Of Negative TPP Impact

    The University of Auckland May 20, 2015 University of Auckland Warns of Negative TPP Impact With the Trans Pacific Partnership (TPP) negotiation drawing to a close, the University of Auckland has expressed serious concerns about its potential implications. ... More>>

    NZ Flag: Flag Referendum Gets Hit Hard In New Poll

    The latest Campbell Live text poll confirms it is time for the Prime Minister to listen to the public and shelve his flag referendum, says the New Zealand First Leader Rt Hon Winston Peters. More>>

    Gordon Campbell: The Government’s Belated Moves On Property Speculation

    Is it a property tax on capital gains or a capital gains tax on property? The Jesuitical distinctions in the government’s spin about its latest moves on property speculators are all about whether the government can claim that it jumped, or confess that it ... More>>

    Grant Robertson:
    Key Can’t Just Be Prime Minister For Parnell

    John Key must show New Zealanders in next week’s Budget that he is more than the Prime Minister for Parnell, and is also the Prime Minister for Pine Hill, Putararu and Palmerston North, Labour’s Finance spokesperson Grant Robertson says. In a ... More>>


    Labour Party: More Regional Jobs Go In Corrections Reshape

    News that 194 Corrections staff are to lose their jobs will have ramifications not only for them and their families but for the wider community, Labour’s Corrections spokesperson Kelvin Davis says. Prison units at Waikeria, Tongariro and Rimutaka ... More>>

    ALSO:

  • NZ First - Prison Job Losses to Send Money Offshore
  • TPPA: ‘Team Obama’ Regroups On Fast Track, Still Not Deliverable

    ‘After yesterday’s stinging and unexpected defeat for the Obama administration’s attempt to advance Fast Track legislation in the US Senate, Senate leaders have worked up a compromise they think will get them past this blockage’, according to Auckland ... More>>

    NZ Government: 5,500 More Doctors And Nurses In Our Hospitals

    Health Minister Jonathan Coleman says a record number of doctors and nurses are working in District Health Boards across the country. More>>

    Controller and Auditor General: Katherine Rich Conflict of Interest Decision

    We are writing to you about a matter that has been raised with us by members of the public. More>>

    ALSO:

    Budget 2015: Andrew Little On The 2015 Budget

    Speaking to the Chamber of Commerce, the Labour opposition leader attacked the government’s approach to economic issues facing New Zealand. He said they have been “more than reckless in their complacency” and “the next week’s budget will do nothing ... More>>

    Defence Force: NZDF Building Partner Capacity Mission Personnel In Iraq

    NZDF Building Partner Capacity Mission Personnel in Iraq The New Zealand Defence Force Building Partner Capacity training mission contingent is in place at Taji Military Complex in Iraq. The Chief of Defence Force Lieutenant General Tim Keating says the ... More>>

    PM Press Conference: ACC Levy Cuts Announced

    In a press conference this afternoon in Wellington, ACC Minister Nikki Kaye proposed $500 million worth of ACC levy cuts. More>>

    Quakes: New Process For Red Zone Crown Offers

    Canterbury Earthquake Recovery Minister Gerry Brownlee has announced a process to give everyone a say on the Crown offers to owners of vacant, commercial/industrial and uninsured properties in the Residential Red Zone. More>>

    ALSO:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Parliament
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news