Winston Peters proposes $100 billion infrastructure fund for New Zealand
Summary: Winston Peters has proposed a NZ$100 billion "Future Fund" for infrastructure investment in New Zealand. This fund aims to address the country's significant infrastructure deficit, which is estimated at over NZ$100 billion, by providing a long-term funding solution.
The proposal faces challenges, particularly from coalition partners like the National Party, which has previously committed to reducing borrowing. Questions remain about how the fund would be financed, how projects would be prioritized, and whether it can avoid political interference.
Experts suggest that New Zealand needs a comprehensive, long-term infrastructure plan, similar to the UK's National Infrastructure Assessment. They also recommend innovative funding methods to ensure projects are not solely reliant on taxpayer money, emphasizing the need for efficiency and continuity in infrastructure management.
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