Latest news with #InfrastructurePipeline
Scoop
22-05-2025
- Business
- Scoop
Investing In Infrastructure For All New Zealanders
Press Release – New Zealand Government Minister for Infrastructure Major investments in new and upgraded hospitals, mental health facilities, school buildings, rail and roads across the country are being funded in Budget 2025, Infrastructure Minister Chris Bishop says. 'Our infrastructure investments will grow our economy, create opportunities and raise living standards for Kiwi families. 'The infrastructure investments in Budget 2025 build on our existing pipeline of infrastructure projects, including by providing funding for some of the projects highlighted at this year's Infrastructure Investment Summit. 'Total capital expenditure in the Budget reaches $6.8 billion, with identified savings supporting the overall cost of our investment programme. The capital allowance for this year's Budget is $4 billion, which is a little larger than the $3.6 billion previously signalled.' Key infrastructure investments in Budget 2025 provide funding certainty for the capital pipeline, including funding over the forecast period for programmes already in delivery: $1 billion investment to upgrade and expand hospitals across the country, including the Nelson Hospital Redevelopment and Wellington Regional Hospital Emergency Department refurbishment, as part of the Government's commitment to ensuring all New Zealanders can access high quality, modern healthcare $712 million capital and $234 million operating for new classrooms and school property maintenance, including funding for approximately 10,000 additional student places $50 million for upgrades to mental health facilities to provide safer, more therapeutic care settings for patients $464 million capital and $141 million operating for rail maintenance to increase the reliability for commuters and freight in the Auckland and Wellington metro areas, and to replace ageing bridges, culverts and other assets to ensure goods can get to and from our farms, manufacturers and ports. 240 new high security beds at Christchurch Men's Prison, along with a new Health Centre and Intervention and Support Unit containing 52 beds. Phase 1 of the redevelopment will be designed, built, financed, and maintained for 25 years under a public private partnership. Corrections will retain responsibility for operations and custodial management of the facility $167 million capital and $43.7 million operating over the forecast period to upgrade Defence infrastructure, along with the previously announced $2 billion plus investment to replace the Defence Force's ageing maritime helicopter fleet $219 million in additional operating funding to complete recovery works on local roads that were damaged in the 2023 North Island weather events. 'These investments confirm funding for key investments in the New Zealand Infrastructure Commission's Infrastructure Pipeline. Data from the Pipeline shows that across central government, local government and the private sector there are around $46.7 billion of projects under construction, and over $13.6 billion more of projects which are either in procurement now or are expected to be within the next twelve months. 'The Government has a comprehensive programme of work to deliver more and better infrastructure for New Zealand, including developing a 30-year National Infrastructure Plan, replacing the RMA to make sure infrastructure can be built faster and cheaper, using public private partnerships to leverage private sector capability and expertise, and utilising new funding tools like tolls and value capture to ensure that pipeline consists of high-quality projects with funding certainty. 'The Government has ensured it has plenty of room in its fiscal plan to fund emerging infrastructure needs. 'Budget 2025 builds on the coalition Government's commitment of fixing the New Zealand's infrastructure system, addressing our massive infrastructure deficit, and ensuring we have high quality infrastructure for New Zealanders now and for years to come.' Note: The appropriation amount for Phase 1 of the Christchurch Men's Prison is withheld to protect commercial negotiations.
Otago Daily Times
22-05-2025
- Business
- Otago Daily Times
Budget delivers 'major investment' in infrastructure: Bishop
Major investments in new and upgraded hospitals, mental health facilities, school buildings, rail and roads across the country are being funded in Budget 2025, Infrastructure Minister Chris Bishop says. 'Our infrastructure investments will grow our economy, create opportunities and raise living standards for Kiwi families," Bishop said. 'The infrastructure investments in Budget 2025 build on our existing pipeline of infrastructure projects, including by providing funding for some of the projects highlighted at this year's Infrastructure Investment Summit. 'Total capital expenditure in the Budget reaches $6.8 billion, with identified savings supporting the overall cost of our investment programme. The capital allowance for this year's Budget is $4 billion, which is a little larger than the $3.6 billion previously signalled.' Key infrastructure investments in Budget 2025 provide funding certainty for the capital pipeline, including funding over the forecast period for programmes already in delivery: - $1 billion investment to upgrade and expand hospitals across the country, including the Nelson Hospital Redevelopment and Wellington Regional Hospital Emergency Department refurbishment, as part of the Government's commitment to ensuring all New Zealanders can access high quality, modern healthcare - $712 million capital and $234 million operating for new classrooms and school property maintenance, including funding for approximately 10,000 additional student places - $50 million for upgrades to mental health facilities to provide safer, more therapeutic care settings for patients - $464 million capital and $141 million operating for rail maintenance to increase the reliability for commuters and freight in the Auckland and Wellington metro areas, and to replace ageing bridges, culverts and other assets to ensure goods can get to and from our farms, manufacturers and ports. - 240 new high security beds at Christchurch Men's Prison, along with a new Health Centre and Intervention and Support Unit containing 52 beds. Phase 1 of the redevelopment will be designed, built, financed, and maintained for 25 years under a public private partnership. Corrections will retain responsibility for operations and custodial management of the facility - $167 million capital and $43.7 million operating over the forecast period to upgrade Defence infrastructure, along with the previously announced $2 billion plus investment to replace the Defence Force's ageing maritime helicopter fleet - $219 million in additional operating funding to complete recovery works on local roads that were damaged in the 2023 North Island weather events. 'These investments confirm funding for key investments in the New Zealand Infrastructure Commission's Infrastructure Pipeline. Data from the Pipeline shows that across central government, local government and the private sector there are around $46.7 billion of projects under construction, and over $13.6 billion more of projects which are either in procurement now or are expected to be within the next twelve months. 'The Government has a comprehensive programme of work to deliver more and better infrastructure for New Zealand, including developing a 30-year National Infrastructure Plan, replacing the RMA to make sure infrastructure can be built faster and cheaper, using public private partnerships to leverage private sector capability and expertise, and utilising new funding tools like tolls and value capture to ensure that pipeline consists of high-quality projects with funding certainty. 'The Government has ensured it has plenty of room in its fiscal plan to fund emerging infrastructure needs. 'Budget 2025 builds on the coalition Government's commitment of fixing the New Zealand's infrastructure system, addressing our massive infrastructure deficit, and ensuring we have high quality infrastructure for New Zealanders now and for years to come.'
RNZ News
20-05-2025
- Politics
- RNZ News
Oral Questions for Tuesday 20 May 2024
Questions to Ministers CAMERON BREWER to the Minister of Finance: What recent reports has she seen on the Government's fiscal position? Rt Hon CHRIS HIPKINS to the Prime Minister: Does he stand by all his Government's statements and actions? CATHERINE WEDD to the Minister for Infrastructure: What recent reports has he seen about New Zealand's Infrastructure Pipeline? JENNY MARCROFT to the Minister for Rail: What recent announcements has the Government made regarding rail? Hon BARBARA EDMONDS to the Minister of Finance: Does she agree with Hon Brooke van Velden that "the Government, under Minister Nicola Willis' pay equity reset, suggested that the funded sector would not be funded by the Government for pay equity"; if so, how much was set aside in Budget 2024 for the funded sector pay equity claims? SAM UFFINDELL to the Minister of Health: What recent announcements has he made on delivering new and improved urgent and after-hours services? Hon JAN TINETTI to the Minister for Workplace Relations and Safety: Does she stand by her statement that "the Government, under Minister Nicola Willis' pay equity reset, suggested that the funded sector would not be funded by the Government for pay equity"; if not, why not? Hon MARAMA DAVIDSON to the Prime Minister: E tautoko ana ia i nga korero me nga mahi katoa a tona Kawanatanga? Does he stand by all of his Government's statements and actions? DEBBIE NGAREWA-PACKER to the Prime Minister: Does he stand by all his Government's statements and actions? Hon WILLOW-JEAN PRIME to the Minister of Education: Does she stand by all her statements and actions relating to pay equity? CHLÖE SWARBRICK to the Prime Minister: E tautoko ana ia i nga korero me nga mahi katoa a tona Kawanatanga? Does he stand by all of his Government's statements and actions? DANA KIRKPATRICK to the Associate Minister of Housing: What recent announcements has he made about building social housing? To embed this content on your own webpage, cut and paste the following: See terms of use.
