$101.1 Million Secured for Flood Resilience Projects in New Zealand

Mr. Jones revealed the news at the regional growth summit in Nelson, the first of several summits planned across the country this year and next.

Flood resilience projects aimed at safeguarding communities throughout New Zealand could commence as early as this year, with funding from the Regional Infrastructure Fund now confirmed, announced Regional Development Minister Shane Jones.

Mr. Jones revealed the news at the regional growth summit in Nelson, the first of several summits planned across the country this year and next.

“In Budget 2024, we committed $101.1 million from the Regional Infrastructure Fund to support 42 priority flood resilience projects. These projects, which will enhance protection for land and assets in 11 regions, are crucial for managing severe weather events,” Mr. Jones said.

The $1.2 billion Regional Infrastructure Fund (RIF) aims to bolster productivity, prosperity, and resilience in New Zealand’s regions by accelerating infrastructure projects that support long-term growth. The approved projects will include various flood protection and management structures such as stopbanks, pump stations, groynes, and culverts. The Government will cover 60% of the costs, with local authorities contributing the remaining 40%.

“This investment in resilience infrastructure is vital for enabling economic growth and development. Effective infrastructure protects homes, businesses, and assets, boosts investment confidence, and ensures continuity of essential services during and after disruptions,” Mr. Jones added.

Work on these projects could begin in the summer season of 2024/25 or potentially sooner. Recognizing the severe impacts of extreme weather on regional communities, Mr. Jones emphasized that this funding represents a significant step towards future-proofing New Zealand’s regions.

The summit in Nelson brought together community and business leaders from Te Tauihu, the top of the South Island, to discuss regional growth and infrastructure priorities. “This summit is a chance to clarify Government priorities, explore how the Regional Infrastructure Fund can benefit our regions, and identify opportunities for collaboration,” Mr. Jones said.

The Regional Infrastructure Fund, administered by Kānoa - RD, began accepting project applications on July 1, 2024. For more information, visit www.growregions.govt.nz/new-funding/regional-infrastructure-fund.