Tauranga transport infrastructure gets first $175m bite at govt SPV

Fri, 02 Dec 2022

Tauranga will be the first region to use the government's special purpose vehicle (SPV) framework towards funding infrastructure. The approximately $175 million SPV will go towards building 13 transport projects around the region including road improvements, better cycling facilities and a bus transport hub. SPVs were enabled under the Infrastructure Funding and Financing Act 2020. The act offers councils an alternative model for urban development and housing through a levy.Tauranga’s SPV will be used to raise finance from p...

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