INDEPENDENT NEWS

Infrastructure Spend To Boost Energy Sector Resilience

Published: Wed 1 Jul 2020 01:19 PM
A new package of infrastructure investments will help restart New Zealand’s economy and boost the energy sector, the BusinessNZ Energy Council (BEC) says.
Executive director Tina Schirr says more than $5 billion of projects across New Zealand are expected to create about 20,000 jobs.
The investment package includes about $210 million for climate resilience and flood protection projects, $155 million for transformative energy projects, about $180 million for large-scale construction projects and $50 million for enhanced regional digital connectivity.
"It’s great to see the Government focus on key sectors like housing, climate resilience and energy," Ms Schirr says.
"It is important the money goes into resilient, future-focused projects that decarbonise the New Zealand economy and deliver benefits to energy consumers.
"We are especially pleased to see government engage with the private sector to deliver projects with strong outcomes for New Zealanders."

Next in Business, Science, and Tech

Contact delivers for customers, employees and shareholders
By: Contact Energy
OceanaGold Announces Receipt Of WKP Mining Permit
By: OceanaGold
COVID-19 lockdown has widespread effects on labour market
By: Statistics New Zealand
New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3
By: New Zealand Post
Westpac NZ Lowers Merchant Fees For Small Businesses
By: Westpac New Zealand
Million Dollar Plus Property Sales Increase 11.7% Nationally, Says REINZ
By: REINZ
Ice-olation For Antarctica New Zealand
By: Antarctica New Zealand
July House Price Index illustrates market resilience
By: QV Valuations
Queenstown Rents Experience Biggest Drop In Seven Years
By: Trade Me Property
The Quiet Earth
By: Auckland University
James Shaw says Kiwibank, not ministers should decide on investors
By: RNZ
Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments
By: Financial Markets Authority
Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off
By: FIRST Union
Stronger Green Voice Needed Next Term To Stop More Mining On Or Under Conservation Land
By: Green Party
Unemployment Figures Don’t Tell The Full Story
By: New Zealand National Party
View as: DESKTOP | MOBILE © Scoop Media