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1% of its capital more than 18 months after signing contracts, well behind initial expectations and with two projects withdrawn and a third red-flagged.In a June 2024 report obtained by BusinessDesk, funds were pegged to support other investments from councils and developers to buil...

More Infrastructure

What the Oz election means for NZ business
Infrastructure

What the Oz election means for NZ business

Australia’s election won’t have a big impact on NZ, unless it’s inconclusive.

Dileepa Fonseka 02 May 2025
Spark needs mates to execute its datacentre play
Infrastructure Analysis

Spark needs mates to execute its datacentre play

A partner in datacentres would help Spark on multiple fronts.

Pattrick Smellie 02 May 2025
Wellington flight path court stoush postponed
Infrastructure

Wellington flight path court stoush postponed

A community group wants to set aside the 2022 flight path on noise and safety grounds.

Oliver Lewis 01 May 2025
Interislander's Aratere to be retired this year
Infrastructure

Interislander's Aratere to be retired this year

KiwiRail CEO Peter Reidy announced the ship's retirement on Wednesday.

Gregor Thompson 30 Apr 2025