Transport focus in first reveal of $12b infrastructure spend

Transport focus in first reveal of $12b infrastructure spend
Paul McBeth
The government lifted the veil on the well-flagged transport component of its $12 billion of extra infrastructure spending in a programme seen as creating up to 1,000 jobs in the coming year.Prime Minister Jacinda Ardern was flanked by senior ministers, including her deputy, Winston Peters, and Finance Minister Grant Robertson, outlining the $6.8 billion of new spending on a mix of road and rail projects. Some were projects announced by the previous administration, but left unfunded.“This is a once-in-a-lifetime opportunity to invest in New Zea...

More Economy

Willis teases new RBNZ governor after GDP drop
Economy

Willis teases new RBNZ governor after GDP drop

Finance Minister Nicola Willis says a new Reserve Bank of New Zealand governor will be announced “very shortly” as she comes under growing pressure to tackle NZ’s economic woes.Economists are calling on the RBNZ to cut the official cash rate (OCR) more aggressively after yesterda...

Dire economy opens door for 50bps cut in October
Economy

Dire economy opens door for 50bps cut in October

The New Zealand economy contracted 0.9% in the June quarter. 

Rebecca Howard 18 Sep 2025
Economy contracts 0.9% in June quarter
Economy

Economy contracts 0.9% in June quarter

GDP has now fallen in 3 of the last 5 quarters.

Rebecca Howard 18 Sep 2025
Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Michael Neilson 18 Sep 2025