Infrastructure fund benefits 'oversold' – developer

Kawakawa is more famous for its Hundertwasser toilets, but iwi Ngāti Hine hopes a 300-home development will put it on the map, if IAF funding doesn't go down the gurgler first. (Image: Supplied)

Garth Bray

Wed, 19 Feb 2025

Gillies Group developer Malcolm Gillies believes the benefits of the Infrastructure Acceleration Fund (IAF) may have been oversold.As BusinessDesk reported in part one of this investigation, the $1 billion fund administered by Kāinga Ora (KO) had dispensed less than 1% of its capital more than 18 months after signing contracts, well behind initial expectations and with two projects withdrawn and a third red-flagged.In a June 2024 report obtained by BusinessDesk, funds were pegged to support other investments from councils and developers to buil...

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