Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Asset recycling: a smart option for Christchurch & Auckland

1 August 2014

Asset recycling - a smart option for Christchurch and Auckland

“The Christchurch and Auckland councils should embrace the highly successful asset recycling approach employed in Australia to alleviate community concerns over needed asset sell-downs,” says Stephen Selwood CEO of the New Zealand Council for Infrastructure Development.

“Asset recycling – partial or full sell-down of capital in existing assets to fund identified new assets for the community – has been used successfully in Australia to deliver much needed investment in the face of initial public concern.

“For example, the sale of Newcastle Port was eventually embraced in New South Wales after it was made clear that proceeds would be directed into infrastructure and the rejuvenation of Newcastle city.

“The public were thus able to consider in a tangible way whether they wanted a revitalised central city and new and better infrastructure or maintain ownership in the port.

“This approach is a smart alternative for ratepayers in Christchurch and Auckland and was highlighted by Cameron Partners in their report on options for managing Christchurch’s financial challenges, released today.

“By recycling capital tied up in existing assets Christchurch will improve its capacity to invest in a productive, innovative and world-class city.

“The Auckland Council could accelerate investment in much needed transport infrastructure by doing the same.

“What local communities demand is transparency. They need clear understanding of what assets will be sold, where and how the money will be reinvested, and what the social and economic payback will be. What the national community demands is that locals contribute fairly towards projects which call upon national resources but which also have significant local benefits.

“Asset recycling gives the community this choice. If Australia is anything to go by, politicians will be pleasantly surprised at the level of community support for asset recycling, provided the benefits exceed the costs,” Selwood says.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Gordon Campbell: On Plastic Bag Activism, And Street Harassment

Amusing to see the Act Party experiencing another outbreak of young fogey-ism. What has aroused the ire of Act Leader David Seymour this time is the introduction of a Greens private members bill to the ballot process, calling for a 15 cents levy on plastic bags to reduce pollution. More>>


Unclear Weapons: US Navy Ship Cleared To Visit NZ For Navy's 75th

United States Navy ship, the USS Sampson, has been given clearance to visit New Zealand next month by Prime Minister John Key... “The process for considering the visit by the USS Sampson is the same as that used for all ships attending the International Naval Review." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news