6 agos 2020 anni - Infrastructure Funding and Financing Act 2020 - passed

Descrizione:

The Act introduced a new funding and financing model for the provision of new and upgraded infrastructure for housing and urban development. The Act enables infrastructure projects to be delivered free of local authorities’ financing constraints or from charging high upfront costs to developers.

Aotearoa New Zealand’s cities are growing quickly, with housing supply and associated infrastructure often not keeping up with demand. Councils are responsible for delivering infrastructure such as water and roading, but have maximum levels of debt that they’re allowed to take on. These borrowing constraints can lead to postponements in investment in viable infrastructure projects, including the infrastructure needed for new housing developments.

Source: https://www.hud.govt.nz/our-work/the-infrastructure-funding-and-financing-act-2020/

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