op-ed | Real issues: infrastructure and border area development are key poll issues telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
Thomas Coughlan05:00, May 07 2021
Stuff
The Government announced in March it was extending the bright-line test, reducing tax deductions on property investments, and would step up investment in communal infrastructure to support housing developments.
Less than half of the Government’s ‘’shovel-ready’’ infrastructure projects have begun by its first self-imposed deadline, with just 44 per cent of the 150 projects under construction by the end of February. Last year, the Government announced it would fund 150 ‘’shovel-ready’’ projects, costing $2.6 billion. The projects, including the Naenae pool development, the Eastern Bays Shared Path, and the Wellington District Court, were meant to kick-start the economy with an infrastructure boom as the country recovered from Covid-19.