Finance Minister Bill English released the Government’s 10-year capital intentions plan on Friday – a pipeline of $100.9 billion of infrastructure projects over the next decade.
The Government launched the plan in 2014 and has updated it twice. It includes intentions of both central & local government and, to a lesser extent, the private sector.
Of the 3823 projects in the 2016-25 pipeline, 219 belong to central government and are valued at $40.5 billion, 3559 belong to local government and are valued at $51.1 billion, and 45 projects belong to the private sector at a value of $9.2 billion.
This year’s plan gives a greater year-by-year breakdown of actuals & intentions. Mr English said it showed the total actual & estimated spend out to 2025 had increased by nearly $15 billion since last year.
“Ensuring that the right frameworks are in place to support sound infrastructure investment decisions that meet the needs of a changing New Zealand is an important focus for this government. “Central & local government are increasingly working together to improve infrastructure investment & the management of existing infrastructure necessary to underpin economic growth,” he said.
The Government’s National Infrastructure Unit said the full evidence base comprised:
- an overview document, including methodology & key sector messages
- sector-specific narratives, including an assessment of the current state of infrastructure and potential future pressures on it
- an analysis of potential future demand pressures on infrastructure, based on sector-specific scenario & trend information
- a resilience assessment, and
- a 10-year capital intentions plan.
Capital intentions plan
Attribution: Ministerial release, plan website.