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New Zealand's new bill simplifies urban infrastructure funding to boost housing development and reduce delays.
New Zealand has introduced the Infrastructure Funding and Financing Amendment Bill to fix long-standing issues in funding urban infrastructure for housing.
The 2020 law it amends has seen minimal use, with only two levies established, due to complexity and delays.
The new bill, presented by Minister Chris Bishop, aims to streamline the process, reduce red tape, and make infrastructure financing more accessible and cost-effective.
It supports the government’s broader housing strategy by enabling faster, market-driven development, reducing land banking, and aligning infrastructure funding with growth.
The legislation is under review by the Finance and Expenditure Committee, with public consultation ongoing.
El nuevo proyecto de ley de Nueva Zelanda simplifica la financiación de la infraestructura urbana para impulsar el desarrollo de la vivienda y reducir las demoras.