New Zealand’s new national infrastructure agency is up and running from today.
The agency is set to unlock access to more capital for infrastructure and will strengthen the Government’s private finance and commercial capability, said Infrastructure Minister, Chris Bishop.
He said the new agency, created from a repurposed Crown Infrastructure Partners (CIP), will:
- Act as the Crown’s ‘shopfront’ to receive unsolicited proposals and to facilitate private sector investment in infrastructure;
- Partner with agencies, and in some cases, local government on projects involving private finance; and
- Administer Central Government infrastructure funds.
“The new infrastructure agency will help facilitate private capital into New Zealand’s infrastructure to help close our infrastructure gap faster.”
“It will take years of sustained action to address New Zealand’s large infrastructure deficit, and we have spent a year with our foot to the floor getting on with the job,” Mr Bishop says.
