Beyond the impacts of COVID-19
A brighter future through infrastructure investment
The COVID-19 crisis and elevated alert levels are having far reaching and meaningful impacts on New Zealand society and the economy. Consistent with the Government agenda, we believe investment in infrastructure provides a key opportunity to keep people employed, stimulate the regions and maintain the productive capacity of the economy – thereby enabling New Zealand to recover in the quickest time possible.
This report addresses fiscal stimulus and the role of infrastructure in times of crises, the current infrastructure pipeline in New Zealand - highlighting which sectors and regions are being invested in - and proposed actions we can take now to deliver maximum economic and social benefits.
Fiscal stimulus and the role of infrastructure
Debt may be mounting, but this is not a reason for the Government to cut investment. Public sector investment improves the productive capacity of the nation and provides employment in the short-term through direct employment and increased demand for supply inputs.
Current infrastructure pipeline
Early this year, the Government announced $12 billion of additional infrastructure spending, bringing the total package to $41 billion between 2019 and 2023. This will help fund the record level of projects over the next decade, primarily in Auckland and Wellington. We look at the private/public spending divide for each sector, and the value of projects across each region.
What can we do now?
Investment in infrastructure is a key policy focus of Government but requires careful planning and delivery monitoring to achieve desired outcomes. Evidence-based decision making is critical when it comes to prioritising projects in the short-term. This report highlights opportunities to target existing assets for ‘quick wins’ and in taking a precinct approach to development to create wider economic and social benefits. Finally, the report explores the role of technology in delivering timely and cost-effective infrastructure.