Finance minister Bill English has released the government’s Ten Year Capital Intentions Plan (CIP), which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade.
The third of its kind since it was launched in 2014, the 2016-2025 CIP brings together the infrastructure investment intentions of central and local government, state-owned enterprises, and public and private companies.
The 3823 projects in the 2016-2025 pipeline include 219 belonging to central government valued at $40.5 billion, 3559 to local government valued at $51.1 billion, and 45 projects worth $9.2 billion that are the responsibility of the private sector.
This year’s CIP gives a greater year-by-year breakdown of actuals and intentions, showing that the total actual and estimated spend out to 2025 has increased by nearly $15 billion since last year.
“Publishing this information offers transparency and provides businesses with greater certainty about current and future infrastructure provision,” English maintains.
“Central and local government are increasingly working together to improve infrastructure investment and the management of existing infrastructure necessary to underpin economic growth.”
