David Farrar: Bishop on infrastructure funding

An important speech by Chris Bishop:

He announced:

• The first is replacing DCs with a Development Levy System,
• The second is establishing regulatory oversight of Development Levies to ensure charges are fair and appropriate,
• The third is increasing the flexibility of targeted rates,
• The fourth is improving the Infrastructure Funding and Financing Act, and
• The fifth is broadening existing tools to support value capture.

David Farrar: Bishop gets serious on infrastructure funding

The Post reports:

In what will likely prove a controversial speech by Infrastructure minister Chris Bishop to Local Government New Zealand at the Public Trust Hall in Wellington last night, Bishop outlined a significant shake up of how infrastructure is paid for in New Zealand.

And it isn’t just in a speech. In a paper that went to Cabinet on “Improving Infrastructure and Financing”, obtained by The Post, Bishop spelled out the failures of the current financing arrangements and the Government’s new approach.

Dr Eric Crampton: A new kind of city deal

For a few months after last year’s elections, Wellington consultancies seemed to be scrambling to publish reports on city deals.

National’s coalition agreement with ACT promised long-term city deals for funding and financing infrastructure but was short on details.