July 01, 2024
Iwi in line for regional infrastructure fund
Regional Development Minister Shane Jones is inviting iwi, councils, businesses and community organisations to apply for funding from the Regional Infrastructure Fund for infrastructure projects.
He says the fund which opened today will focus on resilience infrastructure to improve regions’ ability to absorb, adapt and respond to stresses and shocks, and enabling infrastructure to support growth by ensuring regions are well-connected and productive.
In Budget 2024, Mr Jones announced an initial $200 million for flood resilience infrastructure will come out of the fund.
Half of that, along with co-investment from recipients, is now committed to 42 flood resilience projects identified by local authorities in the Before the Deluge 2.0 report which are close to being started.