Infrastructure Minister Shane Jones announced on August 17 2018 that the Government is establishing a new independent infrastructure body.
To improve New Zealand’s long-term economic performance and social wellbeing, we need quality infrastructure investment. That is why a new independent infrastructure body is needed.
Consultation on what the new independent infrastructure body will look like is open until 26 October.
The new body will be up and running by mid-late 2019. In advance of that date, an interim Infrastructure Transactions Unit will be established within Treasury from 1 November 2018, to provide support to agencies and councils in planning and delivering major infrastructure projects.
A panel of private and public sector experts will guide Treasury as it shapes advice on key issues, and support Treasury in the delivery of the project. All the panel members have standing and expertise in the infrastructure sector.