Govt embraces targeted rates to spur urban infrastructure for housing

Pattrick Smellie
Sun, 23 Jul 2017

By Pattrick Smellie July 23 (BusinessDesk) - The government's latest response to the Auckland housing shortage will see central government and private sector firms invest in 'special purpose vehicles' to fund essential roading, water and drains that Auckland Council can't fund without threatening its credit rating. In a move supported by Labour but dubbed "too little, too late", the new policy follows months of behind the scenes wrangling to find a way to fund  basic infrastructure required in new areas before house construction can even...

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