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

 


Alternative Infrastructure Funding and Delivery Think Tank

Alternative Infrastructure Funding and Delivery Think Tank

Property Council’s recent Infrastructure Think Tank in the Bay of Plenty proved to be a great success.

Property Council Bay of Plenty Branch held the joint event with the Western Bay of Plenty SmartGrowth Partnership, to explore alternative models for the provision and funding of the infrastructure needed to service growth in the region.

Under the status quo, developers contribute to infrastructure in two different ways. Firstly, by directly funding the construction of roads and water systems within their subdivisions before vesting the infrastructure in the local authority which owns and maintains it over time using rates.

Secondly, developers also pay development contributions to the local council at the time of subdivision towards the cost of providing the main trunk infrastructure that is needed to serve multiple developments such as in urban growth areas. These costs are ultimately passed on to the end purchasers and are reflected in section and building prices.

The problem arises if councils are unable to fund new trunk infrastructure when needed, especially in fast growing areas such Tauranga City and Western Bay of Plenty District.

The recent infrastructure think tank provided a forum for local people in the government and development sectors to share ideas with reference to overseas examples, on how infrastructure can be funded, constructed, owned and operated in alternative ways.

Property Council Bay of Plenty Branch supports further investigation into potential alternatives such as a regional infrastructure bank (with several variations of potential funding models to consider) and private infrastructure networks and operating concessions.

Branch president Andrew Collins says while there will always be a place for the traditional infrastructure funding and ownership model, continued reliance on just one model is unlikely to adequately address infrastructure funding problems in the future. There are alternative funding and ownership models that can and should be considered.

“Councils and the development sector need the ability to have a number of ‘tools in the toolbox’ when it comes to infrastructure funding and delivery models.

“Property Council is keen to work collaboratively with central and local government and the priovate sector to ensure that we are all pulling in the same direction and find solutions to our pressing infrastructure problems that minimise delays and frustrations while also not burdening our communities with excessive debt levels.”

The Think Tank was attended by more than 100 people representing the public and private sectors and included central and local government representatives from across the North Island.

END.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Labour: Healthy Homes Bill Passes First Reading

Some of New Zealand’s most vulnerable children and families are on their way towards safer living conditions with the passing of the first reading of the Healthy Homes Guarantee Bill in Parliament last night, Leader of the Opposition Andrew Little says. More>>

ALSO:

Werewolf Satire: Home, And A Way

The one thing even more popular than an Auckland house is offering advice on how to afford an Auckland house. So, on the grounds it can’t be worse than some of the stuff that’s out there, here’s my three cents* worth. [*Up 50% since 2013!] More>>

ALSO:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Road Crime: Wicked Campers Vans Classified As Objectionable

The definition of publication includes any "thing that has printed or impressed upon it, or otherwise shown upon it, 1 or more (or a combination of 1 or more) images, representations, signs, statements, or words", The Classification Office has previously classified such 'things' as billboards, t-shirts, and even a drink can. This is the first time the Classification Office has classified a vehicle. More>>

ALSO:

'When New' Repairs: Landmark EQC Settlement

The Earthquake Commission has cut a deal with 98 Canterbury homeowners that affirms the government entity's responsibility to repair earthquake-damaged property to a 'when new' state, as well as covering repairs for undamaged parts of a property and clarifying its position on cash settlement calculations. More>>

ALSO:

Gordon Campbell: On Kiwirail’s Latest Stint In The Dogbox

The denigration of Kiwirail continues. The latest review (based on a 2014 assessment) of the options facing the company have enabled Kiwirail to be hung out to dry once again as a liability and burden on the taxpayer. More>>

ALSO:

Royal Society Report: Good Opportunities To Act Now On Climate Change

There are many actions New Zealand can and should take now to reduce the threat of climate change and transition to a low-carbon economy, a report released today by the Royal Society of New Zealand finds... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news