New Zealand's sagging infrastructure is inhibiting
the economy and our quality of life, in the form of gridlock, lost
production, unaffordable housing, environmental degradation, and
more – and current financing models are not equal to the
task, Chapman Tripp says.
Commenting on the release of the firm's
"What next for infrastructure?" publication,
Chapman Tripp partner Mark Reese said it was widely agreed that New
Zealand's infrastructure problem is severe and will not be
easily unwound.
"But we are not alone in this. The world infrastructure
deficit is estimated at US$21 trillion, which means that this is a
front-of-mind issue for authorities such as the International
Monetary Fund, the World Bank and the OECD so there is a lot of
international research to draw on.
