National Infrastructure Funding and Financing Limited (NIFFCo) is a national infrastructure agency and Crown-owned company created by the New Zealand Government to attract funding and financing for infrastructure projects in New Zealand, and addressing the country's infrastructure deficit.[1]
History
Predecessors
In 2009, the New Zealand Government had created a Crown-owned company called Crown Fibre Holdings to implemented its NZ$1.7 billion Ultra-Fast Broadband programme providing Fibre-to-the-home services to 87% of population. At the time, this marked the largest public-private infrastructure initiative in New Zealand.[2][3]
Crown Fibre Holdings was subsequently revamped as Crown Infrastructure Partners (CIP). In 2017, CIP was tasked with investigating and implementing commercial models to help the Government develop more water and road infrastructure to accommodate an national increase in housing supply. In 2020, Crown Infrastructure Partners was given oversight over the Government's "shovel-ready projects"during the COVID-19 pandemic in New Zealand.[3]
Launch
During the 2023 New Zealand general election, the centre-right National Party campaigned on creating a national infrastructure agency.
External links
References
- Chris Bishop. New infrastructure agency up and running Beehive.govt.nz, New Zealand Government, 1 December 2024, retrieved 5 April 2025^
- About Us National Infrastructure Funding and Financing, retrieved 7 April 2025^
- Crown Infrastructure Partners Limited