Simon Gray: Financing New Zealand s infrastructure and improved social outcomes
8 May, 2021 02:00 AM
5 minutes to read
The Transmission Gully road under construction last year at Paekakariki, Kapiti. Photo / Mark Mitchell
NZ Herald
OPINION:
To grow the economy and improve social outcomes, New Zealand needs sustained and ongoing investment in its infrastructure. Last year s budget did not allocate enough money to address the infrastructure deficit, which is estimated to be $75 billion.
New Zealand must address this to meaningfully improve living standards.
Central and regional authority funding will always be vitally important to improving infrastructure, but appropriate private sector finance has a key role to play in advancing these objectives and addressing New Zealand s infrastructure requirements.
Article – AsiaPacific Infrastructure
Transmission Gully has long been a dog of a project, says Greater Auckland’s Matt Lowrie.
“From it’s poor initial business case, to it being made a Public Private Partnership (PPP) that would see taxpayers forking out over $3 billion over the coming decades and then having cost blow out after cost blowout and a range of other issues,” he says.
“In August last year, then Ministers of Transport (Phil Twyford) and Infrastructure (Shane Jones) announced an urgent review of the project. That review was released and it’s damning for both the previous government and Waka Kotahi.”
Article – AsiaPacific Infrastructure Transmission Gully has long been a dog of a project, says Greater Aucklands Matt Lowrie. From its poor initial business case , to it being made a Public Private Partnership (PPP) that would see taxpayers forking out over $3 billion over the coming …
Transmission Gully has long been a dog of a project, says Greater Auckland’s Matt Lowrie.
“From it’s poor initial business case, to it being made a Public Private Partnership (PPP) that would see taxpayers forking out over $3 billion over the coming decades and then having cost blow out after cost blowout and a range of other issues,” he says.
Press Release – New Zealand Infrastructure Commission The New Zealand Infrastructure Commission, Te Waihanga, will implement the recommendations directed by the Minister for Infrastructure, from the Transmission Gully Interim Review that was released today, says Chief Executive Ross Copland. The review recommends …
The New Zealand Infrastructure Commission, Te Waihanga, will implement the recommendations directed by the Minister for Infrastructure, from the Transmission Gully Interim Review that was released today, says Chief Executive Ross Copland.
The review recommends that Te Waihanga update aspects of the national Public Private Partnership (PPP) Guidance and that Waka Kotahi implement changes related primarily to the management of future PPP projects.
Lessons will be learnt from Transmission Gully
Lessons will be learnt from Transmission Gully 20 April 2021
A review of the problem-plagued motorway north of Wellington, has been released.
Transmission Gully is running behind time and over budget, but today s review shows that didn t need to be the case, had the Public Private Partnership been better managed at the planning stage.
It s recommended changes to the way future PPP projects are managed, to avoid this happening again.
The New Zealand Infrastructure Commission, Te Waihanga, says the lessons learned from Transmission Gully will be valuable for future projects.