Business appreciates transparent reporting on infrastructure plans, says BusinessNZ.
Commenting on the latest Treasury update on progress across New Zealand’s infrastructure sectors, BusinessNZ Chief Executive Phil O’Reilly said it showed large amounts of infrastructure investment underway and planned, an improving information base for decision-making, and improving integration of the many elements required.
“Among other things, the report clarifies specific undertakings such as the Canterbury rebuild and the further development of Auckland’s transport system.
“It provides evidence of the need for more performance management data and the use of demand management tools in roading networks.
“It also sends a positive message that central government wants more private sector investment and wants to improve New Zealand’s regulatory settings to incentivise this.
“All this helps bring more certainty for informed business investment and decision-making.”