The Infrastructure Transactions Unit is prototyping a visible pipeline of anticipated government infrastructure projects.
The first iteration, developed in the lead-up to the establishment of the New Zealand Infrastructure Commission, Te Waihanga (the Commission) in late 2019, presents data from five capital-intensive agencies.
Together these five departments and Crown entities have identified 174 projects, with an estimated value of over $6.1 billion as having funding certainty, or near certainty, in the pipeline. While a level of certainty is signalled, final approvals may be needed by Cabinet, Ministers, or at board and executive level, before a project actually comes to market. This will depend on project risk and value.
This prototype is the first step in providing the infrastructure market with better information about the timing, sequencing and scale of future credible and committed infrastructure projects.
It provides a solid foundation that we will build on and refine. By the time the Commission is up and running in late 2019, the aim is that all central government agencies, as well as most local government agencies, will be represented in the pipeline. Over time private sector projects will also be added.
When fully developed, the pipeline will help give the infrastructure market greater certainty about future infrastructure projects, to help it gear-up capacity and capability to deliver. It will also inform the Commission’s thinking as it develops a 30-year strategy to address New Zealand’s infrastructure needs.
The complexities involved in developing this first iteration of the pipeline have highlighted the need for a phased approach to this work, as well as the need for better quality infrastructure data – an issue that the Commission will help address.
The data behind the pipeline will be updated quarterly and dynamically as significant projects are announced. The next update will be in early June, to reflect Budget 2019 decisions. While every effort has been made to ensure accuracy, important caveats should be noted.