Auckland developers to pay full cost of extra housing infrastructure

Tue, 01 May 2018

By Nikki Mandow May 1 (BusinessDesk) - Auckland Council has announced a plan for developers to fund the additional $800 million over 10 years needed to pay for extra infrastructure to support its housing targets. But some in the construction industry worry that putting additional costs onto developers will just push up the cost of houses. Proposals announced yesterday, alongside the regional fuel tax, would see the Development Contribution - the amount a developer pays to help fund infrastructure such as roads and parks - rise from an ave...

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