Developers nervous as infrastructure fund changes management

Ocean Ridge and nearby Vicarage Views secured $7.8m from the Infrastructure Acceleration Fund on a commitment to develop and build 400 new homes west of Kaikōura (Image: Supplied)

Garth Bray

Tue, 18 Feb 2025

In a two-part series, Garth Bray investigates a $1 billion fund that is barely getting off the ground. This is Part 1.The $1 billion Government Infrastructure Acceleration Fund administered by Kāinga Ora had dispensed less than 1% of its capital more than 18 months after signing contracts, well behind initial expectations, and with two projects withdrawn.Internal reports obtained by BusinessDesk show Kāinga Ora (KO) officials intended for councils, iwi, and other developers to draw down $69 million from the Infrastructure Acceleration Fund (IAF...

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