Developers nervous as infrastructure fund changes management

Developers nervous as infrastructure fund changes management
Ocean Ridge and nearby Vicarage Views secured $7.8m from the Infrastructure Acceleration Fund on a commitment to develop and build 400 new homes west of Kaikōura (Image: Supplied)
Garth Bray
In a two-part series, Garth Bray investigates a $1 billion fund that is barely getting off the ground. This is Part 1.The $1 billion Government Infrastructure Acceleration Fund administered by Kāinga Ora had dispensed less than 1% of its capital more than 18 months after signing contracts, well behind initial expectations, and with two projects withdrawn.Internal reports obtained by BusinessDesk show Kāinga Ora (KO) officials intended for councils, iwi, and other developers to draw down $69 million from the Infrastructure Acceleration Fund (IAF...

More Infrastructure

New directors appointed to NZ infrastructure boards
Infrastructure

New directors appointed to NZ infrastructure boards

New directors have been appointed to the boards of Crown Infrastructure Delivery (CID), National Infrastructure Funding and Financing (NIFFCo), and the New Zealand Infrastructure Commission.Infrastructure Minister, Chris Bishop, highlighted the expertise the new and reappointed d...

BD AI 16 Oct 2025
'Meth' ministry moves: staffing data sought for four-way merger
Infrastructure

'Meth' ministry moves: staffing data sought for four-way merger

Work is progressing on a four-ministry merger with the pejorative nickname ‘Meth’.

Dileepa Fonseka 14 Oct 2025
Aratere sold for scrap, price deemed commercially sensitive
Infrastructure

Aratere sold for scrap, price deemed commercially sensitive

The Aratere ferry has been sold to a specialist recycling shipyard in India for an undisclosed amount.“Details of the sale price are commercially sensitive,” Duncan Roy, executive general manager of Interislander, said.  The ferry was retired last August to make way for the port...

Rebecca Howard 10 Oct 2025
Govt looks to put its Chorus investment on the block
Infrastructure

Govt looks to put its Chorus investment on the block

The finance minister said there's no policy reason for Govt to hold Chorus securities.

Rebecca Howard 10 Oct 2025