Until 26 October the Treasury is seeking public and sector feedback on what a new independent infrastructure body might look like, Secretary to the Treasury Gabriel Makhlouf announced today.
In August, Infrastructure Minister Shane Jones announced the creation of a new independent infrastructure body, to ensure New Zealand gets the quality of infrastructure investment it needs to improve long-term economic performance and social wellbeing.
A consultation document released today outlines proposed functions and features for the new body.
Treasury Deputy Secretary Jon Grayson said that over the next three weeks the Treasury, working in partnership with the National Infrastructure Advisory Board, will meet representatives from the sector to discuss the proposals. There will also be an online survey and the opportunity to make written statements, to ensure a wide range of views are canvassed, said Mr Grayson.
“I know the sector will welcome the chance to be directly involved in the detail of how this new body will work. The market, wider construction industry and local government all agree with the Government’s view that we need far greater visibility over our long-term infrastructure needs.
“The sector needs certainty about where and when investment will occur, so it can organise to meet demand. The new body will help provide that certainty while also ensuring Ministers get better advice to improve our long-term planning and investment.
“This is really important for New Zealand’s future and I strongly encourage the sector and the wider public to share their views with us by 26 October.”
Mr Grayson said a panel of private and public sector experts would guide the Treasury in shaping advice on key issues, and support the Treasury in the delivery of the project.
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 in planning and delivering major infrastructure projects
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Notes to editors:
The consultation document can be found at Consultation on a new independent infrastructure body, along with details on how to make submissions, and background papers. Infrastructure Minister Shane Jones’ August media release announcing the creation of a new independent infrastructure body can be found here.
The panel members are: Simon Allen (Chair, Crown Infrastructure Partners), Jim Betts (Chief Executive, Infrastructure New South Wales), Jenny Chetwynd (Strategy, Policy and Planning General Manager, NZ Transport Agency), Fiona Mules (Member, National Infrastructure Advisory Board), John Rae (Chair, National Infrastructure Advisory Board) and Sarah Sinclair (Partner, Minter Ellison Rudd Watts Lawyers and Board Member, Infrastructure New Zealand) Biographical information on the panel can be found at Experts supporting and guiding establishment of the new body).