Infrastructure
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Budget 2019: Govt cuts urban infrastructure fund in half
By Pattrick SmellieMay 30 (BusinessDesk) - Government funding for water and roading infrastructure “to support the timely increase of housing supply” is halved without explanation in the Budget.Having announced a $600 million capital allocation for CIP in last year’s Budget, this...
Infrastructure
Budget 2019: Govt raids Super Fund to boost venture capital funding
By Pattrick Smellie May 30 (BusinessDesk) - The government will divert $240 million of contributions to the New Zealand Superannuation Fund and combine it with $60 million of assets held by the Venture Investment Fund to improve access to capital for growing, mid-sized busines...
Infrastructure
Long-delayed Metro Sports contract boosts non-residential building consents
By Jenny Ruth May 30 (BusinessDesk) - The contentious $300 million Metro Sports centre in Christchurch and convention centres in Auckland and Christchurch are the main reasons for social building consents jumping 44 percent in the year ended April. Stats NZ construction sta...
Infrastructure
Plan needed for competing wood demands - Fonterra
By Gavin Evans May 30 (BusinessDesk) - Wood is a viable industrial fuel but greater effort may be needed to ensure that new demand from processors doesn’t strip supplies from existing users, Fonterra says. Co-firing the firm’s Brightwater milk powder plant near Nelson on a...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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