Jones wants debt raising powers for NZTA

Fri, 28 Feb 2020

Infrastructure minister Shane Jones says the New Zealand Transport Agency should have the ability to raise debt like government housing organisation Kainga Ora. Early this year the government housing developer had its debt cap of $4.05 billion raised to $7.1 billion so that it can borrow to build more houses, faster. As a Crown entity, big borrowing by Kainga Ora stays off the government's main balance sheet and therefore isn’t included in its self-imposed budget responsibility rules. Speaking at an infrastructure conference this...

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