Source: New Zealand Labour Party
We’ve just announced a massive infrastructure investment to kick-start new housing developments across New Zealand.
Through our Infrastructure Acceleration Fund, we’re making sure that critical infrastructure – like pipes, roads and wastewater connections – is in place, so thousands more homes can be built.
Here are the details:
New Zealand’s housing crisis has been decades in the making, and we know that one of the main barriers to the construction of more homes is a lack of basic infrastructure.
Our $3.8 billion Infrastructure Acceleration Fund – designed to speed up the pace and scale of house building – has taken a big step toward tackling this problem. This initiative is jumpstarting housing developments by funding the vital infrastructure needed for new housing – like roads, water pipes, and flood management systems.
The latest investment, announced this week, will enable more houses to be built, faster, right around the country. This massive $192 million investment is expected to unlock around 11,500 homes across multiple housing developments over the next 10 to 15 years. This includes including public, affordable, market and papakāinga housing.
The projects, which otherwise may not have been possible, or would have faced significant delays, include road improvements and upgrades to the wastewater network in Hastings, approximately two kilometres of new stormwater pipeline in Lower Hutt, a new reticulated wastewater treatment connection in Lake Hāwea, and a road extension in Whanganui.
This massive funding boost comes on top of the investments that we’ve already made through the Infrastructure Acceleration Fund to enable more houses, in places such as Rotorua, Ōmokoroa, Kaikōura, Ōtaki, Napier, Gisborne and New Plymouth.
When taken together, the investments that we’ve made so far through the Infrastructure Acceleration Fund are expected to enable around 20,000 new homes in areas of high housing need – and there’s still more to come.
We know the only way we are going to solve the housing crisis, and to bring costs down, is to build more houses. The Infrastructure Acceleration Fund is just one of the ways that we’re driving up housing supply, and getting more families into affordable, warm, dry, homes. You can find out more about the progress we’re making on housing here.
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