Question 3 - Andrew Bayly to the Minister of Finance

My question

My question is to

My question is to the
Minister

My question is to the

How is the Government helping
councils

How is the Government helping

On

On Sunday, the

On Sunday, the Government announced

On Sunday, the Government announced
that the

On Sunday, the Government announced
that the Crown Fibre

On Sunday, the Government announced
that the Crown Fibre Holdings, our

On Sunday, the Government announced
that the Crown Fibre Holdings, our

that the Crown Fibre Holdings, our
successful UFB

that the Crown Fibre Holdings, our
successful UFB investment company,

successful UFB investment company,
will be

successful UFB investment company,
will be repurposed as

will be repurposed as Crown
Infrastructure

cities. Right now, some councils are
starting

cities. Right now, some councils are
starting to come up against their

starting to come up against their
borrowing limits, limiting how much

borrowing limits, limiting how much
extra land

development, and constraining their
supply

development, and constraining their
supply of housing.

supply of housing. Supported by up

supply of housing. Supported by up

supply of housing. Supported by up

Crown, Crown Infrastructure Partners
will

Crown, Crown Infrastructure Partners
will use private capital to keep the

will use private capital to keep the
debt off councils'

debt off councils' books and ensure
that growth

that growth pays for growth in our

that growth pays for growth in our

that growth pays for growth in our

first projects Crown Infrastructure

South project is the first that will
be

South project is the first that will
be assessed as

South project is the first that will
be assessed as

be assessed as a possible special
purpose

be assessed as a possible special
purpose vehicle project.

purpose vehicle project. It forms

infrastructure development
opportunity to

infrastructure development
opportunity to the south

opportunity to the south of Auckland
city, including

city, including investments in water
networks,

networks, new train stations, and
major

networks, new train stations, and
major new roading

If successful, this will increase
the supply of new houses in

the supply of new houses in that
area

the supply of new houses in that
area by around

the supply of new houses in that
area by around 17,800, where

area by around 17,800, where the
current

current infrastructure can only
suppon

current infrastructure can only
support 3,000 houses.

support 3,000 houses. Another
project is in

support 3,000 houses. Another
project is in

support 3,000 houses. Another
project is in Wainui, to

support 3,000 houses. Another
project is in Wainui, to the north

project is in Wainui, to the north
of Auckland,

project is in Wainui, to the north
of Auckland, investments in

of Auckland, investments in roading
infrastructure

of Auckland, investments in roading
infrastructure there have

infrastructure there have the
capacity

capacity to left development from
2,000

capacity to left development from
2,000 houses to

capacity to left development from
2,000 houses to 5,500 houses.

2,000 houses to 5,500 houses. Will
Crown

2,000 houses to 5,500 houses. Will
Crown Infrastructure Partners

Crown Infrastructure Partners be
open

Crown Infrastructure Partners be
open to councils

Crown Infrastructure Partners be
open to councils

Crown Infrastructure Partners be
open to councils around the

Yes, it will. The goal with Crown
Infrastructure Partners

Yes, it will. The goal with Crown
Infrastructure Partners

Yes, it will. The goal with Crown
Infrastructure Partners is to

Infrastructure Partners is to
transform how

Infrastructure Partners is to
transform how local council

transform how local council
infrastructure is

transform how local council
infrastructure is funded in

infrastructure is funded in

infrastructure is funded in

Zealand, using the commercial
expertise

Zealand, using the commercial
expertise and experience

Zealand, using the commercial
expertise and experience that Crown

expertise and experience that Crown
Fibre Holdings

expertise and experience that Crown
Fibre Holdings

Fibre Holdings has gained through
the

programme. As such, it will be open
to

programme. As such, it will be open
to all councils

to all councils who put fonNard

housing and supply funding overtime
to support the finance. What

to support the finance. What other
moves

to support the finance. What other
moves has the

to support the finance. What other
moves has the Government made

moves has the Government made in
respect

moves has the Government made in
respect of housing

Just over two weeks ago, the
Government

Government announced the funding for
nine

Government announced the funding for
nine key local

nine key local infrastructure
projects

nine key local infrastructure
projects as part of

Housing Infrastructure Fund. The

councils of Auckland, Hamilton,
Waikato, Tauranga,

councils of Auckland, Hamilton,
Waikato, Tauranga,

councils of Auckland, Hamilton,
Waikato, Tauranga, and Queenstown

Waikato, Tauranga, and Queenstown
Lakes will

Waikato, Tauranga, and Queenstown
Lakes will open enough land up to

Lakes will open enough land up to
build 60,000 new houses over the

build 60,000 new houses over the
next ten years.

next ten years. Crown Infrastructure
Partners

next ten years. Crown Infrastructure
Partners is the logical

next ten years. Crown Infrastructure
Partners is the logical

next ten years. Crown Infrastructure
Partners is the logical next step

Partners is the logical next step in
infrastructure

Partners is the logical next step in
infrastructure funding following

infrastructure funding following the
Housing

infrastructure funding following the
Housing Infrastructure Fund.

Housing Infrastructure Fund.
Question No.

Housing Infrastructure Fund.
Question No.

Housing Infrastructure Fund.
Question No. 4. Tena

My

My question

My question is to

My question is to the
Minister

My question is to the

Will he be committing any more
resources

over and above
what

what was announced yesterday
that would enable

and notjust toilets
and

and notjust toilets

Well,

Well, Ithank

Well, I thankthe member's

Well, I thank the member's advocacy
for

Well, I thank the member's advocacy
for the region

Well, I thank the member's advocacy
forthe region and make

Well, I thank the member's advocacy
for the region and make quite clear

for the region and make quite clear
that there