CIP, formerly called Crown Fibre Holdings Limited, was established to manage the Government’s $1.7 billion investment in ultra-fast broadband infrastructure.
In 2017 it was given additional responsibilities to include investigating and implementing commercial models to achieve the Government’s objectives for deploying water and roading infrastructure to support an increase in housing supply. In 2020, CIP was assigned responsibility for the identification, funding and monitoring of shovel-ready projects across New Zealand following the onset of COVID-19.
For further information: www.crowninfrastructure.govt.nz
Key Company Information
|Entity Form||Public Finance Act 1989 Schedule 4A company|
|Primary Legislation||Companies Act 1993; Crown Entities Act 2004; Public Finance Act 1989|