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Industry News, Latest News, New Zealand

New Zealand unveils $5.78B infrastructure pipeline

The New Zealand Government has launched its prototype Infrastructure Pipeline, which has identified 174 projects with an estimated value of NZ$6.1 billion ($5.78 billion).

It is the first step in providing New Zealand’s infrastructure market with better information about the timing, sequencing and scale of credible and committed infrastructure politics.

The pipeline aims to represent all central government agencies and local government agencies, with private sector projects to be added over time. The prototype currently includes data from five capital-intensive government agencies: The Ministries of Health and Education, the New Zealand Transport Agency, the New Zealand Defence Force and the Department of Corrections.

It will inform the New Zealand Infrastructure Commission’s development of a 30-year strategy to address the country’s infrastructure needs.

Data behind the pipeline will be updated quarterly and as significant projects are announced.

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New Zealand Infrastructure Minister Shane Jones said that shining a light on big capital projects expected over a five-year horizon would help maximise value for money from the government’s $42 billion capital spending plan.

“The government is the construction industry’s biggest client and the new commission will play an important role in coordinating and planning New Zealand’s infrastructure investment, to improve the wellbeing of all New Zealanders,” Jones said.

“Creating a fulsome pipeline is also a priority identified in the recently launched draft Construction Industry Accord.”

“This prototype will allow us to gather feedback on the pipeline’s form and function before it expands to involve all central government agencies, local government, and, in time, private sector projects.”

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