Govt pioneers new infrastructure funding model at Auckland subdivision

Govt pioneers new infrastructure funding model at Auckland subdivision
Pattrick Smellie
By Pattrick Smellie Nov. 13 (BusinessDesk) - Infrastructure for a major suburban development on Auckland's Hibiscus Coast will be the first to gain funding from a special purpose vehicle using long-term debt raised by the government's Crown Infrastructure Partners and designed to lower the up-front cost of new housing for home buyers. Some $48.9 million of the $91 million of roading and wastewater infrastructure for Fulton Hogan's Milldale subdivision at Wainui, between Orewa and Silverdale, will be funded with long-term debt raised by CI...