Funding future greenfield infrastructure

노영례 0 1,004 2017.09.27 20:42

04fca9b279754cb9d660fd472930a143_1506498
 

The Auckland Unitary Plan identifies 15,000ha of rural land that could be developed for future urban growth over the next 30 years. This land could potentially accommodate 137,000 dwellings.

But such development requires substantial investment in new bulk infrastructure. The cost of this investment is estimated at around $20 billion to $30 billion.

In the latest Insights paper, Auckland Council’s Senior Economist, Harshal Chitale, looks at how Auckland should fund greenfield infrastructure, and notes that those who benefit most from new infrastructure provision should pay for the bulk of it.

Infrastructure is expensive

“The indicative cost of new bulk infrastructure such as water and wastewater mains, arterial roads, stormwater pipes to service this land is about $20 billion, or around $146,000 per dwelling,” says Mr Chitale.

“NZTA [the NZ Transport Agency] will pay its share of costs of transport infrastructure but a large part of the total costs will be borne by Auckland Council.

“Bulk infrastructure required for urban growth often needs to be in place before development can take place. This makes land serviced with infrastructure more valuable than non-serviced land.

Who should pay?

“In general, those who benefit from new infrastructure should fund the bulk of the costs," says Harshal Chitale.

“Landowners in the areas that get serviced by new infrastructure receive benefits through increases in land value, as urbanisation would not be possible without the investment."

“However, certain projects like new or upgraded roads, train stations and new parks may also benefit a wider catchment of residents and businesses beyond the new development, so they should contribute a share toward the costs."

Limits to council borrowing

“Auckland Council faces limits on how much debt it can hold at any point in time. So the scale of Auckland's growth means different ways to access funds should be considered so as not to push council debt above its limits."

“An example of this is Crown Infrastructure Partners, an entity financed by central government, which has been created to help speed up infrastructure development. It will finance new infrastructure projects using its balance sheet rather than Auckland Council’s.

“Financing approaches like this may also be able to access private capital, based on the debt being underwritten by central government.

The full report

Read the full Insights paper (PDF)

Sign up to receive the Insights report and the Auckland Economic Quarterly via email

출처 : Auckland Council News

  • 페이스북으로 보내기
  • 트위터로 보내기
  • 구글플러스로 보내기
  • 카카오스토리로 보내기
  • 네이버밴드로 보내기

Comments

 플러스 광고

조앤제이
조앤제이 09-336-1155 각종 뉴질랜드 이민 비자 전문 Immigration Adviser Kyong Sook Cho Chun T. 093361155
(주)뉴질랜드 에이투지
뉴질랜드 법인 현지 여행사 / 남,북섬 전문 여행사 - 패키지여행, 자유여행, 해외여행 / 진짜 열심히 일하는 사람들이 모인 회사!! T. 09 309 3030 T. 09 309 3030

101st Anzac Day

댓글 0 | 조회 1,364 | 2017.04.25
Join us on the 101st Anzac Day as we honour the soldiers who fought at Gallipoli and other conflicts… 더보기

Councillor Fletcher's special connection with…

댓글 0 | 조회 1,091 | 2017.04.21
Albert-Eden-Roskill Councillor Christine Fletcher with her grandson Sean FletcherChristine Fletcher'… 더보기

Haumaru Housing to launch in July ; housing f…

댓글 0 | 조회 1,313 | 2017.04.20
Haumaru Housing will take on management of the council's 1412 housing units for older AucklandersThe… 더보기

Aucklanders urged to keep eyes peeled for new…

댓글 0 | 조회 1,254 | 2017.04.19
Rust a potential problem for natives Myrtle leaf rust is a serious fungal disease that attacks membe… 더보기

Changes to better manage immigration

댓글 0 | 조회 1,620 | 2017.04.19
Immigration Minister Michael Woodhouse today announced a package of changes designed to better manag… 더보기

Nominations open for Māngere-Ōtāhuhu Communit…

댓글 0 | 조회 1,150 | 2017.04.18
Volunteers and community groups are the backbone of any community soMāngere-Ōtāhuhu Local Boardwants… 더보기

Have your say on the Ōrewa coastal walkway an…

댓글 0 | 조회 1,118 | 2017.04.17
Auckland Council wants your feedback on the resource consent application to undertake construction o… 더보기

New maintenance suppliers confirmed

댓글 0 | 조회 1,118 | 2017.04.14
A four-month-long procurement process has choseninnovative suppliers for council maintenance service… 더보기

Auckland Civil Defence scales back

댓글 0 | 조회 1,175 | 2017.04.13
Cyclone Cook has largely left the Auckland region and, while there is still some rain and wind about… 더보기

Korea and New Zealand discuss carbon markets

댓글 0 | 조회 1,295 | 2017.04.13
Climate Change Minister Paula Bennett says NewZealand and Korea have begun joint discussions on deve… 더보기

New council websites launching from May

댓글 0 | 조회 1,114 | 2017.04.12
New websites foraucklandcouncil.govt.nzandaucklandlibraries.govt.nzwill be launched this year to rep… 더보기

Easter week forecast: rain, rain and more rai…

댓글 0 | 조회 1,278 | 2017.04.11
Be prepared for severe weather this holiday weekendIt is going to be a very wet lead-up to Easter ac… 더보기

Rubbish collection dates for Easter and Anzac…

댓글 0 | 조회 1,276 | 2017.04.10
Easter and Anzac Day are coming up –make sure you know how the public holidays will affect your rubb… 더보기

Road marking changes for Greenlane roundabout

댓글 0 | 조회 1,551 | 2017.04.07
Changes to one of Auckland's busiest motorway interchanges, Greenlane roundabout, are expected to ma… 더보기

Skyline Enterprises opens $20m Luge developme…

댓글 0 | 조회 1,428 | 2017.04.06
New Zealand tourism company Skyline Enterprises has been formally congratulated by South Korean gove… 더보기

Calling artists for Worldwide Botanical Art E…

댓글 0 | 조회 1,027 | 2017.04.06
Chatham Island forget-me-not - Myosotidium hortensia. Photograph by Sandra MorrisThe Botanical Art S… 더보기

Soggy Auckland starts to clean up

댓글 0 | 조회 1,193 | 2017.04.05
Bad weather and heavy rain has largely passed, leaving Auckland soggy, slippery and in clean-up mode… 더보기

Fans line up to watch world’s best golfers in…

댓글 0 | 조회 1,217 | 2017.04.05
Fans have the chance to get in early to watch the world’s best female golfers in our backyard with a… 더보기

CRL will unlock 'fantastic' job opportunities

댓글 0 | 조회 1,155 | 2017.04.04
Auckland Transport construction safety adviser Marie Fleming at work on the CRL project.Up to 1600 p… 더보기

Be prepared – more wet weather on the way

댓글 0 | 조회 1,272 | 2017.04.03
The tail end of Cyclone Debbie is forecast to hit the North Island over the next few days. Some area… 더보기

Follow the pink line to upcoming Auckland eve…

댓글 0 | 조회 1,187 | 2017.03.31
Follow the pink line to the Auckland International Cultural Festival and the Active Puketāpapa TRY-a… 더보기

Over 900 schools part of KickStart Breakfast

댓글 0 | 조회 1,170 | 2017.03.31
Social Development Minister Anne Tolley says over 28,000 studentsin more than 900 schools are receiv… 더보기

WATCH: How to stay safe on your scooter

댓글 0 | 조회 1,108 | 2017.03.30
Scooter Sense is about sensing danger in each situation, meaning that you are able to anticipate pos… 더보기

Marine pest found at Great Barrier

댓글 0 | 조회 1,122 | 2017.03.29
An invasive marine pest has been found at Port Fitzroy and Auckland Council’s biosecurity team want … 더보기

Government welcomes Productivity Commission r…

댓글 0 | 조회 1,125 | 2017.03.29
Finance Minister Steven Joyce has welcomed the release of the Productivity Commission’s report Bette… 더보기

Onehunga transformation gets go-ahead

댓글 0 | 조회 1,145 | 2017.03.28
The future transformation of Onehunga took an important step today with Auckland Council’s Planning … 더보기

Parnell train station is open

댓글 0 | 조회 1,067 | 2017.03.27
Train using Parnell station. Parnell Train Station officially opened today. The station on Cheshire … 더보기

Mayor welcomes report on light rail to airpor…

댓글 0 | 조회 1,009 | 2017.03.24
Mayor Phil Goff today welcomed government and Council agreement on the need for light rail from the … 더보기

PM launches ambitious trade agenda

댓글 0 | 조회 1,105 | 2017.03.24
Prime Minister Bill English has today launched New Zealand’s updated trade strategy, Trade Agenda 20… 더보기

Helping international students stay safe in o…

댓글 0 | 조회 1,054 | 2017.03.23
Moving citiesfor study can be a daunting experience – especially if you are moving to a new country,… 더보기

Mayor signs historic iwi relationship agreeme…

댓글 0 | 조회 948 | 2017.03.22
Auckland Mayor Phil Goff, Rodney Local Board Chair Beth Houlbrooke, Te Uri o Hau Chief Executive Deb… 더보기

Parking in Auckland: There’s an app for that

댓글 0 | 조회 1,078 | 2017.03.21
The AT Park smartphone app launched on 7 March. It provides a more convenient anduser-friendly way t… 더보기

Help keep Hunua Ranges safe for newest reside…

댓글 0 | 조회 981 | 2017.03.20
Come 31 March, six kiwi from the Coromandel will make the Hunua Ranges their new home.Auckland Counc… 더보기

Auckland Council presents a free White Night …

댓글 0 | 조회 1,334 | 2017.03.17
Art enthusiasts enjoy Bradley Lane Illuminate /SuppliedTweet this quoteShareShare thisAuckland Counc… 더보기

Have your say on 12km Te Whau pathway

댓글 0 | 조회 1,111 | 2017.03.16
Artist's impression of Te Whau Pathway.Auckland Transport wants yourfeedback to refine the design of… 더보기

NEW BRAND OF PROFESSIONAL SERVICES FIRM HITS …

댓글 0 | 조회 1,035 | 2017.03.16
K3 launches with legal, business consulting and accounting Leading law firm Kirkland Morrison O’Call… 더보기

Drone footage reveals flooding damage in New …

댓글 0 | 조회 1,271 | 2017.03.15
A drone was sent in to inspect after a New Lynn culvert – an underground pipe through which a stream… 더보기

Choral Masterpieces from Around the World

댓글 0 | 조회 962 | 2017.03.15
2017 season and 40th anniversary year with amarvellous compilation of thegreatest choral pieces from… 더보기

Aucklanders must keep saving water as daily t…

댓글 0 | 조회 1,227 | 2017.03.14
Aucklanders have used 419 million litres of water in the past 24 hours, exceeding the daily target, … 더보기

Water saving target achieved two days running…

댓글 0 | 조회 996 | 2017.03.13
Aucklanders continued to respond to calls for reduced water use yesterday with total consumption fal… 더보기

Events postponed, cancelled or moved this wee…

댓글 0 | 조회 1,023 | 2017.03.10
The Onehunga Festival has been postponed because of the bad weather.​Has your Auckland event been ca… 더보기

Ponsonby Road pedestrian improvements project…

댓글 0 | 조회 1,015 | 2017.03.09
An artist’s impression of what the Collingwood Street intersection on Ponsonby Road might look like … 더보기

Celebrating International Women’s Day

댓글 0 | 조회 960 | 2017.03.08
At Auckland Council we’re committed to gender equality, diversity and inclusiveness. To mark this ye… 더보기

New road connection for Warkworth

댓글 0 | 조회 1,004 | 2017.03.07
Transport Minister Simon Bridges and Mayor Phil Goff cutting the ribbon.Stage 1 of Western Collector… 더보기

Monte Cecilia School costs released

댓글 0 | 조회 1,037 | 2017.03.06
Following recent media interest, Kataraina Maki, Auckland Council's General Manager Community and So… 더보기

Annual Budget: Have your say on rates

댓글 0 | 조회 1,150 | 2017.03.03
As part of our Annual Budget consultation, we are asking Aucklanders for feedback on a number of iss… 더보기

Rehabilitation through recycling

댓글 0 | 조회 1,264 | 2017.03.03
A transformative rehabilitation project at Paremoremo Auckland Prison is reducing waste sent to land… 더보기

Meet the Inspections Manager: Jeff Fahrensohn

댓글 0 | 조회 1,059 | 2017.03.02
Jeff Fahrensohn is the Inspections Manager at Auckland Council. He is in his 22ndyear at the council… 더보기

Consultation opens on draft bylaw for indoor …

댓글 0 | 조회 1,038 | 2017.03.01
Public consultation started this week on a draft bylaw that sets out rules for how Aucklanders can u… 더보기

Your A-Z guide for Parks Week

댓글 0 | 조회 1,469 | 2017.03.01
A-Z guide for Auckland's parks.Wander over expansive green hills, take the kids to the nearby playgr… 더보기