For example, our transport and urban infrastructure is struggling to keep up with population growth and increased demand, and parts of our water network are over 100 years old.
As a result, over the coming years New Zealand will need a level of infrastructure investment that is unprecedented. An estimated $129 billion is expected to be spent on capital projects between 2019 and 2029.
Changes are also needed to ensure we better plan our infrastructure needs. For these reasons, the Government is establishing a new independent infrastructure body. That body is expected to be established in October 2019. It will be called the New Zealand Infrastructure Commission - Te Waihanga.