Plenary, Infrastructure NZ ‘disappointed’ by courthouses PPP funding miss

Plenary, Infrastructure NZ ‘disappointed’ by courthouses PPP funding miss
The Ministry of Justice unsuccessfully sought funding in Budget 2025 for its PPP courthouse project to replace courts in Rotorua, pictured, and Auckland. (Image: NZME)
Oliver Lewis
One of the largest private infrastructure investors in Australia expressed disappointment at the New Zealand Government not funding a major courthouse replacement project in Budget 2025.Ministers promoted the project – a public-private partnership (PPP) to build and maintain new facilities in Auckland and Rotorua – to investors at the NZ Infrastructure Investment Summit in March.In a press release from the summit, Courts Minister Nicole McKee said the project was one of real significance, with an estimated capital investment of over...

More Finance

Phasing out $6b capital layer unlikely to dent banks’ ratings
Finance

Phasing out $6b capital layer unlikely to dent banks’ ratings

Banks’ credit ratings likely unmoved if Additional Tier 1 capital phased out. 

‘Unusual’ volume of CCCFA changes in focus
Finance

‘Unusual’ volume of CCCFA changes in focus

Select committee mulls proposed changes to CCCFA, to report recommendations Oct 20.

Andy Macdonald 16 Sep 2025
Real estate industry wants AML levy exemption
Finance

Real estate industry wants AML levy exemption

The real estate industry is warning an AML levy will drive up costs in the sector.

Michael Neilson 15 Sep 2025
Banks revise economic outlooks for Q2 GDP contraction
Finance

Banks revise economic outlooks for Q2 GDP contraction

Economists now see NZ's GDP contracting in Q2, but doubt a technical recession in Q3.

Andy Macdonald 15 Sep 2025