19 May 2023

$70 billion for infrastructure in Budget

From Morning Report, 8:19 am on 19 May 2023

More than $70 billion dollars has been set aside by the government for new and existing infrastructure projects over five years following yesterday's budget.

Capital spending will average $18.5 billion per year for the next three years, up from $9.7 billion in the past three years.

A large part will be for flood and cyclone recovery.

Infrastructure New Zealand's chief executive, Nick Leggett, spoke with Ingrid Hipkiss.