Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

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


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

NIWA: Scientists Say Methane Emitted By Humans ‘vastly Underestimated’

NIWA researchers have helped unlock information trapped in ancient air samples from Greenland and Antarctica that shows the amount of methane humans are emitting into the atmosphere from fossil fuels has been vastly underestimated... More>>

ALSO:

SMC Expert Reaction: Record Dry Spells And Effects On Forests

With no rain forecast before Sunday, Auckland is about to break a record for the city's longest dry spell. Niwa says Auckland is likely to hit 40 consecutive days without rain this weekend . The upper North Island is seeing severe meterological ... More>>

ALSO:

Reserve Bank: Official Cash Rate Remains At 1.0 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More>>

ALSO:



Science Media Centre: Novel Coronavirus Detected In China – Expert Reaction

The virus was detected after more than 40 people were hospitalised with pneumonia in Wuhan City, China and the outbreak traced to a large animal and seafood market. The Centers for Disease Control and Prevention reports that person-to-person transmission ... More>>

ALSO:

Science Media Centre: Flooding could release toxic gas – Expert Reaction

A chemical substance known as ouvea premix stored at an old paper mill in Mataura could release toxic ammonia gas if it comes in contact with water.More>>

ALSO: