New Infrastructure Agency Opening for Business

Treasury's consultation on setting up the recently announced independent infrastructure body is an opportunity for the sector to ensure New Zealand's planning and delivery of critical infrastructure is improved, according to the Wellington Chamber of Commerce.

"Recent budgets have significantly increased government capital spending, but improvements to infrastructure planning, procurement, and construction are still needed," says Chief Executive John Milford.

"A new infrastructure agency with responsibility for supporting government agencies and local councils in planning and delivering major infrastructure projects should boost the effectiveness of the money this country spends.

"In particular, the new agency should draw on the best available advice for utilising private funding to complement public funds, in order to bring forward projects. A public-private partnership (PPP) arrangement is already being successfully used for the $1 billion Transmission Gully project, and can be used elsewhere.

"Improving our roads, water supplies, and alike is vital to Wellington remaining a great place to do business and raise a family.

"Wellington's infrastructure is stretched in many areas, and the need for high-quality, long-lasting upgrades is becoming increasingly urgent.

"The Wellington Chamber recommends all organisations involved in the infrastructure sector contribute their views and participate in the Treasury-led consultation.

"This is a golden opportunity for businesses to shape government thinking and get the assessment, prioritisation, and co-ordination of infrastructure management they need," says Mr Milford.

Submissions on the new independent infrastructure body are open until 26 October 2018 at www.infrastructure.govt.nz for those who wish to have their say. Treasury is aiming to make recommendations to Ministers before Christmas and have the new agency established around mid-2019.

ENDS

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