KiwiBuild - Tell him ‘he’s dreaming’

Published: Wed 12 Sep 2018 04:53 PM
KiwiBuild - Tell him ‘he’s dreaming’
Even Housing Minister Phil Twyford has low expectations of his own KiwiBuild programme, National’s Housing spokesperson Judith Collins says.
“In Opposition Mr Twyford claimed that he would build 100,000 homes for just $2 billion.
“That is a ratio of just $20,000 a house. The only way $2 billion can fund 100,000 houses is if money gets recycled back into the fund as houses are sold.
“In Parliament today Mr Twyford said he only expected projects to ‘wash their own face’ – which means the $2 billion would need to completely recycled every three months in order to deliver 100,000 houses in 10 years.
“That means there is just a three month time frame covering investment, building and settlement.
“That is so unrealistic it is clear that KiwiBuild is a KiwiFail. Tell him he’s dreaming.
“Meanwhile, Hobsonville Land Company chief executive Chris Aiken said the cost of the Mt Roskill Redevelopment project alone would be $4 billion, and will eventually break even.
“It is highly likely taxpayers will be asked for more money, or the KiwiBuild target will be missed, most likely both.
“Mr Twyford is dreaming if he thinks he can deliver 100,000 homes for $2 billion when one housing development for 10,000 homes will cost $4 billion.
“That is so far from believable, it’s laughable.”

Next in New Zealand politics

Junior doctors strike tomorrow, DHBs say they're prepared
Gordon Campbell on MBIE’s social media scam
By: Gordon Campbell
New campaign for a 21th century trade agenda
By: Professor Jane Kelsey
Gordon Campbell: Thompson + Clark are the tip of the iceberg
By: Gordon Campbell
Education Provider in Interim Liquidation
By: Grant Thornton
Report: complaints about Deputy Commissioner Wallace Haumaha
By: Independent Police Conduct Authority
ASMS Advice on RMO National Strike(s)
By: Association of Salaried Medical Specialists
DHBs dispute union’s claims about bargaining
By: District Health Boards
Care around the clock to continue throughout strike
By: Canterbury DHB
Planning underway for Resident Medical Officer strike
By: MidCentral District Health Board
Nelson Marlborough Health prepares for NZRDA strike
By: Nelson Marlborough Health
New Zealand’s public healthcare crisis worsens
By: Socialist Equality Group
MBIE seeks training on managing fake online personas
Exporters first to benefit as CPTPP takes effect today
By: New Zealand Government
Nats welcome TPP tariff cuts - focus must move to US
By: New Zealand National Party
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media