$193b Infrastructure Funding Gap Threatens NZ Economic Growth

New Zealand's infrastructure projects are facing a significant funding challenge, with nearly $193 billion worth of initiatives lacking confirmed financing. This is according to various reports and experts in the field.

PwC New Zealand Partner Corporate Finance and Infrastructure Simon Healy emphasized that infrastructure itself isn't a growth strategy, it's an enabler. It underpins the economy and drives economic growth and prosperity, he said. The country has world-class renewable energy resources that can be accessed, Healy noted.

The challenge lies in connecting these projects into long-term plans and creating sustainable economic growth and prosperity. Healy urged policymakers to prioritize infrastructure development and provide a clear vision for the future. Without this, it's difficult to attract private sector investment and create jobs, he warned.