The Wellbeing Budget

Investing in New Zealand

Other crucial capital investments in Budget 2019

  • Our investment in KiwiRail – Over $1 billion to unlock regional economic growth, reduce emissions and congestion and prevent deaths and injuries. This includes $375 million for new engines and carriages, $331 million to invest in track and other supporting infrastructure and $35 million to begin the process of replacing current ferries that are nearing the end of their life. $300m is also provided from the PGF for investment in regional rail initiatives.
  • Our investment in Auckland’s City Rail Link – We are investing $405.5 million of new capital investment into this project through Budget 2019. The City Rail Link will provide the equivalent of 16 extra lanes of traffic into the city centre during peak times and the number of people within 30 minutes travel of Auckland’s CBD will double.
  • The Christchurch Schools Rebuild programme – $84.3 million to keep the Christchurch Rebuild programme on track for completion.
  • Transitional housing – We are setting aside $283 million in capital and operating investment to increase the supply of long-term and relocatable transitional housing places to approximately 2,800, as well as maintain support services. In addition, we have set aside further funding in contingency to invest in transitional housing. Further announcements will be made in the Housing Reset.
  • The Provincial Growth Fund – The Provincial Growth Fund has now been fully allocated, including $855 million to capital investment, which will provide long-lasting economic benefits for regions previously neglected.
  • Defence – As previously announced the Government will fund the purchase of four P8 patrol aircraft to replace the aging P3 planes. In addition, there is continued investment in other defence capability, including the Defence Estate.
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