Infrastructure for growth

Budget 2024 lays the foundations for a better performing infrastructure system, with investments to ensure New Zealanders spend less time waiting in traffic, climate resilience is improved, and children learn in modern schools and classrooms.

	$4.1 billion of Crown funding for the National Land Transport Fund - a $1 billion increase to the amount previously signalled - to accelerate priority projects including the Roads of National Significance.		More than $1 billion for the rebuild and recovery of communities affected by Cyclone Gabrielle and the 2023 Auckland Anniversary floods, including $939.3 million to repair roads.
	$1.2 billion for the new Regional Infrastructure Fund to invest in resilience infrastructure and regional projects that support economic growth.		$200 million to support KiwiRail to carry out maintenance and renewals on the national rail network.

	$4.1 billion of Crown funding for the National Land Transport Fund - a $1 billion increase to the amount previously signalled - to accelerate priority projects including the Roads of National Significance.
	More than $1 billion for the rebuild and recovery of communities affected by Cyclone Gabrielle and the 2023 Auckland Anniversary floods, including $939.3 million to repair roads.
	$1.2 billion for the new Regional Infrastructure Fund to invest in resilience infrastructure and regional projects that support economic growth.
	$200 million to support KiwiRail to carry out maintenance and renewals on the national rail network.

New investment is on top of an existing capital pipeline, including programmes in delivery. More than $68 billion is forecast to be spent on infrastructure over the next five years.

Net infrastructure investment

This graph shows the net purchases of physical assets by the Crown, Crown entities and KiwiRail. It does not include the unallocated portion of the Multi-Year Capital Allowance.