Sunday, March 7, 2010

Government investing $6 billion a year on infrastructure

The National Infrastructure Plan shows the major investment this Government is making in New Zealand's critical infrastructure such as roads, broadband, and schools.
This is directly supporting thousands of jobs, and unclogging the country’s economic arteries. A stronger economy will, over time, mean better wages and higher living standards for New Zealand families. It also gives local councils, contractors, and businesses certainty for the future.
The first National Infrastructure Plan, issued this week, provides a snapshot of public and private infrastructure, planned investment, and the Government's priorities. It shows this Government is spending more than $6 billion a year on expanding and maintaining its physical assets and that it holds about $110 billion of such assets.
We are investing $10.7 billion in State Highways over the next 10 years, $3.3 billion in our electricity grid over the next five years, and $1.5 billion in urban broadband over the next decade. Then there is the $2.7 billion for new schools and buildings over the next five years.
The plan also identifies bottlenecks and gaps in the future so we can address them in a timely manner.
More information:
http://www.beehive.govt.nz/release/infrastructure+plan+outlines+large+programme

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