Government reveals initial allocation of project funding to accelerate constructions

The government has announced how initial funding from the $1 billion infrastructure fund will be allocated, with the aim of accelerating new construction across the country.

Developments include improvements to water supply, roads and storm water. They will be carried out in Rotorua, Ōmokoroa, Kaikōura, Ōtaki, Napier, Gisborne and New Plymouth.

Among those announced on Thursday, Rotorua will receive $84.6 million for flood management to help 3,000 homes be built, Ōmokoroa receives $38.4 million to transport 2,500 homes and Ōtaki receives 29.3 million dollars for the three waters and transportation costs for 1,000 houses.

Housing Minister Megan Woods said the funding was focused on areas “with some of the greatest need for additional supply”.

“The only way to solve the housing crisis is to build more houses,” she said.

Key projects include stormwater management in Rotorua and Napier, which Rotorua Mayor Steve Chadwick described as “huge” for the community.

“We have a planned transformational program of work and investment for our critical infrastructure that will support the capacity and ability of the network to cope with housing intensification, new land development and the impacts of climate change,” said she declared.

The funding will also be used to upgrade an intersection of State Highway 2 in Ōmokoroa, which is expected to build more than 2,500 homes.

Western Bay of Plenty Mayor Garry Webber said this project will provide safe access to the Ōmokoroa Peninsula ahead of the city’s planned growth.

“We are grateful to Kāinga Ora for seeing the value this work brings to the region,” he said.

Other projects include water supply improvements in Ōtaki, Gisborne and New Plymouth.

Bike lanes and walkways in New Plymouth and Kaikōura will also see an upgrade.

About Edward Fries

Check Also

Alcazar Energy Partners II Achieves First Closing of US$336.6 Million for Renewable Energy Projects

With a target size of US$500 million and an absolute cap of US$650 million, the …