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

 

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>

ALSO:

Emissions Inventory: Time For The Government To Do The Right Thing

It’s time for the National Government to step up and do the right thing to reduce climate pollution as data shows New Zealand’s greenhouse gas emissions are higher than ever, the Green Party said today. More>>

ALSO:

Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

No Correspondence With English: Did Brownlee Make Up Sale Of Navy Ships ‘On The Hoof?’

Having revealed that several Royal New Zealand Navy vessels have not left port in years, New Zealand First is now asking the Minister of Defence to prove he did not come up with the idea of selling HMNZS Taupo and Pukaki until the media asked him. More>>

Housing Plans: Labour- Abolish Auckland Urban Boundary
The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis. More>>
Greens - State House Solution
The Homes Not Cars policy allows Housing New Zealand to retain its dividend and, in addition, would refund its tax, to spend on the emergency building of around 450 new state houses. More>>

ALSO:

Houses And Taxes: Post-Cabinet, Pre-Budget Press Conference

The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change must fit with the fiscal reality of the time. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news