New Zealand is growing fast, but housing and associated infrastructure are not keeping pace. In high growth areas such as Auckland, Hamilton, Tauranga and Queenstown more housing is needed. Councils in these areas face borrowing constraints that can mean investment in viable infrastructure projects has to be postponed – including infrastructure essential for underpinning new housing developments.
To tackle this issue, the Government has worked closely with the high-growth councils to develop a new alternative funding and finance tool.
For information on the infrastructure funding tool, visit the Ministry of Housing and Urban Development’s Infrastructure Funding and Financing Act 2020 page.