Infrastructure Investment Critical says EMA

Today’s announcement of a co-ordinated investment plan in infrastructure by Government has been welcomed by the Employers and Manufacturers Association (EMA).

However, it urges the Government to get on with its commitment to invest in vital projects, sooner rather than later.

“It’s heartening to see central and local government in conjunction with industry working together on this. This is a significant step forward,” says Kim Campbell, CEO, EMA.

“The plan is aspirational, but it lacks a hard edge on regulatory reform, funding streams and timeframes.

“There are some big projects that need to get traction today. Our members, who are business owners, are deeply frustrated with the lack of progress on critical infrastructure development in both Auckland and their regions.

“Given most of the population growth for the next 30 years is expected to be north of Taupo, infrastructure is extremely important for our members.”

The Thirty Year New Zealand Infrastructure Plan 2015 was released by the Government at the New Zealand Council of Infrastructure Development conference being held in Christchurch.

Mr Campbell says now is the time to unlock the potential of economic development through this investment in infrastructure. He cites projects such as the East-West link in Auckland which need urgent attention.

Likewise, a co-ordinated approach to assist regional development such as a centralised strategy for ports, rail, road and water to help fast growing areas such as Tauranga.

“We need this investment to position ourselves globally. So to, can we look internationally for funding as well – the world is awash with capital and I strongly believe we should harness this for the betterment of New Zealand.”

ENDS

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