New Zealand’s US$7.7 billion infrastructure package

By Andy Brown03 February 2020

Auckland

Auckland will receive a large proportion of the funding

New Zealand Prime Minister Jacinda Arden has announced that the country’s government will be investing NZD$12 billion (US$7.75 billion) into infrastructure projects.

Of the investment over half, approximately NZD$6.8 billion (US$4.3 billion) will be spent on transport infrastructure, with roads getting the majority of this funding.

The country’s largest city, Auckland, will receive the most funding with a package including money for new road connections and rail upgrades.

“This is a once in a lifetime opportunity to invest in New Zealand – modernising our infrastructure, preparing for climate change and helping grow the economy. It makes sense to do this now because we’ve managed the books wisely and have historically low interest rates, which makes our programme affordable,” said Ardern.

The infrastructure package has also included NZD$400 million (US$258 million) in funding for school repairs and other building work.

Latest News
Huisman to build another 2,600 tonne crane
Second 2,600 tonne capacity offshore wind turbine installation vessel crane for Eneti via DSME
New CEO at project transport specialist Silvasti
Lauri Riipinen takes CEO role as Ville Silvasti moves to be chairman of the board
JLG introduces Quad Tracks
The Quad Tracks are initially available on new 600S and 600SJ boom lifts, as well as some 2-wheel steer models