Infrastructure fund benefits 'oversold' – developer

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
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1% of its capital more than 18 months after signing contracts, well behind initial expectations and with two projects withdrawn and a third red-flagged.In a June 2024 report obtained by BusinessDesk, funds were pegged to support other investments from councils and developers to buil...

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