Infrastructure Pipeline launched
17 May 2019
The Government has published a prototype
Infrastructure Pipeline, to show what projects will be delivered by
major central government agencies over the next five years,
Infrastructure Minister Shane Jones announced today.
Developing a long-term and publicly available Infrastructure Pipeline
will be a key focus for the new
Infrastructure Commission, Te Waihanga,
which is on track to be up and running by the end of the year.
“By shining a light on the big capital projects expected over a
five-year horizon, the pipeline will not only give industry much needed
certainty, but also help inform the Infrastructure Commission’s thinking
as it develops a 30-year strategy to reverse
New Zealand’s
infrastructure deficit and maximise value for money from the
Government’s $42 billion capital spending plan,” Shane Jones said.
“I am all too aware of the challenge the Coalition Government inherited
to modernise New Zealand’s infrastructure, and ensure our schools,
hospitals, transport networks, and other major projects are world-class.
“The Government is the construction industry’s biggest client and the
new Commission will play an important role in coordinating and planning
New Zealand’s
infrastructure investment, to improve the wellbeing of all
New Zealanders.
“Creating a fulsome pipeline is also a priority identified in the
recently launched draft Construction Industry Accord.
“Once fully developed, the Infrastructure Pipeline tool will help give
the infrastructure market greater confidence about the timing,
sequencing and scale of future credible and committed infrastructure
projects, so it can gear-up capacity and capability to deliver.”
The prototype currently includes data from five capital-intensive
central government agencies: The Ministries of Education and Health, the
New Zealand Transport Agency, the New Zealand Defence Force and the
Department of Corrections.
“This prototype will allow us to gather feedback on the pipeline’s form
and function before it expands to involve all central government
agencies, local government, and, in time, private sector projects.”
Shane Jones said.
Note to editors:
The Infrastructure Pipeline Tool is available on the Treasury’s website at www.treasury.govt.nz/infrastructure-pipeline.
The Infrastructure Pipeline has been developed by the Treasury’s Infrastructure Transactions Unit (ITU) in the lead-up to the establishment of the Infrastructure Commission.
Data will be updated at least quarterly. The next update is planned after 30 May 2019, to incorporate any changes resulting from Budget 2019.
--ENDS--
Source: New Zealand Government - www.beehive.govt.nz
Contact: N/A
External Links: The Infrastructure Pipeline Tool is available on the Treasury’s website at www.treasury.govt.nz/infrastructure-pipeline
Recent news by: NZ Government