Developers say $3.8 billion set aside for infrastructure funding may not be enough to make a difference. Infrastructure funding for such essentials as roads, water and electricity, has long been pointed to as one of the major hurdles faced when building new developments. The Government has responded by allocating $3.8b for a Housing Acceleration Fund to speed up the pace and scale of house building. He said New Zealand’s approach to infrastructure funding was back to front and that was a failure of local government. The infrastructure fund will address one of the key issues that has been holding back development for many years.

Source: Stuff March 23, 2021 00:33 UTC