Articles tagged with Regional Infrastructure Fund

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New Zealand Minerals Strategy Year One: Boosting Growth, Jobs, and Exports

One year after launching A Minerals Strategy for New Zealand to 2040, the government has made significant progress by implementing policies and reforms that have increased mineral exports, production, employment, and permitting activity. Key achievements include establishing a Critical Minerals List, enhancing global partnerships, improving geoscience data access, and creating a more efficient regulatory framework, which have boosted investor confidence and sector growth. Moving forward, the focus will be on expanding international partnerships, attracting investment, reviewing royalty settings, and maximizing value from critical minerals through processing, refining, and innovation to sustain long-term economic benefits.

Government Invests $15.5M in Bay of Plenty Marina and Geothermal Projects

The Government is investing $12.5 million through the Regional Infrastructure Fund to develop Ōpōtiki Marina, supporting aquaculture growth and creating up to 87 construction jobs. Additionally, a $3 million grant will fund the Gas to Geoheat – Tauranga Geothermal System Project, exploring geothermal energy potential to support future renewable energy initiatives and create 15-20 jobs. These investments aim to unlock the Bay of Plenty’s natural resource potential, boost regional economic growth, job creation, and energy security.

New Zealand Launches Strategic Diesel Reserve with Refurbished Marsden Point Tanks

Two refurbished tanks at Northland’s Marsden Point are now operational to store New Zealand’s strategic diesel supply, following a $21.6 million government investment to enhance fuel resilience amid global uncertainties. Z Energy was selected to supply and manage the 90 million litre diesel reserve, with the Crown controlling its release to ensure national security without affecting Z Energy’s stockholding obligations. The first diesel shipment has arrived, with the second expected soon, and fuel stock reporting will resume its regular weekly schedule as global conditions stabilize.

Government Funds $50M for West Coast Critical Minerals Processing Projects

The New Zealand Government is funding two critical minerals processing projects on the West Coast through the Regional Infrastructure Fund, allocating up to $50 million to Tāiko Critical Minerals and Westland Mineral Sands. These projects aim to add value to exported minerals like titanium, zirconium, and rare earths by establishing domestic processing facilities, creating skilled jobs, and strengthening regional and national economies. The investments support long-term economic activity and contribute to a secure, diversified critical minerals supply chain essential for modern technologies and clean energy systems.

Government Approves $22.4M Funding for Te Utanganui Freight Rail Hub in PN

The Government has approved up to $22.4 million to support the rail component of Te Utanganui, a major intermodal freight hub in Palmerston North linking rail, road, air, and sea. This funding, delivered in stages, will aid pre-construction and construction of the Bunnythorpe Regional Freight Hub, aiming to improve supply chain efficiency, drive economic growth, and create hundreds of jobs. The project, led by local agencies and supported by government investment, seeks to unlock industrial land, build resilience, and attract private sector co-investment to boost the lower North Island's logistics and manufacturing sectors.

New Ngāmotu Marae in New Plymouth to Boost Culture, Community, and Resilience

The New Zealand Government is investing up to $8.6 million to establish Ngāmotu Marae in central New Plymouth, providing Ngāti Te Whiti with a long overdue home and serving as a cultural, social, and economic hub for the wider community. The marae will feature facilities like a wharenui and wharekai, doubling as an emergency lifeline offering food, shelter, and essential services during crises. With a total cost of $17.8 million and multiple co-funders, the project aims to support jobs during construction and foster long-term cultural tourism, local enterprise, and community development.

New Zealand Advances GeoShot NZ Project to Drill First Superhot Geothermal Well

The GeoShot NZ project aims to drill New Zealand’s first superhot geothermal well at the Rotokawa Geothermal Field, with government funding of $55 million approved for pre-drilling and exploratory activities. The initiative involves expert partners and advanced technology to harness superhot fluids at depths of 4–5 km, offering significantly more energy than conventional wells and enhancing national energy resilience. This pioneering effort, supported by international collaboration, seeks to establish New Zealand as a leader in clean, high-capacity geothermal energy for long-term regional and national benefits.

Government Completes Recommissioning of 93M Litres Diesel Storage at Marsden Point

The Government has completed the recommissioning of 93 million litres of diesel storage capacity at Marsden Point to store newly purchased diesel reserves. Two shipments, arriving soon and in July, will provide about nine days’ average diesel consumption to safeguard New Zealand’s fuel supply amid global uncertainties. Funded by $21.6 million from the Regional Infrastructure Fund, this measure aims to maintain economic stability despite ongoing Middle East conflicts affecting fuel supply and prices.

New Zealand’s Diesel Reserve Shipment En Route to Marsden Point for Fuel Security

New Zealand is receiving two shipments of diesel reserve, with the first arriving mid-June and the second expected in early July, providing around nine days of typical diesel consumption. The government is refurbishing tanks at Marsden Point, funded by $21.6 million from the Regional Infrastructure Fund, to store the fuel, which will be controlled by the Crown and managed by Z Energy. Finance Minister Nicola Willis emphasizes that this reserve enhances the country's fuel security and resilience against potential supply disruptions.

Stewart Island Solar Project Begins to Cut Diesel Use and Lower Power Costs

Construction has begun on a government-backed solar energy project on Stewart Island/Rakiura to reduce reliance on diesel-generated electricity and lower power prices. Funded by a $15.35 million loan from the Regional Infrastructure Fund, the project includes a solar farm, battery system, network upgrades, and smart meters, aiming to cut diesel use by up to 75% and reduce electricity costs by up to 35 cents per kilowatt hour. Expected to be completed by early 2027, the initiative will create around 40 construction jobs and provide long-term economic benefits to local industries.

Major $18M Flood Resilience Upgrade Underway in Mataura to Protect Southland Communities

Work has begun on a major $18 million flood resilience upgrade for the Mataura River in Southland, supported by a $10.8 million government loan and $7.2 million from Environment Southland, aiming to protect over 7,000 people, 1,500 hectares of land, and key infrastructure. The project includes building and strengthening stopbanks, rock walls, and riverbed gravel works to reduce flood risks to Mataura and Gore, areas historically affected by severe flooding. Since the launch of the Regional Infrastructure Fund, $18.5 million has been allocated to Southland for five flood resilience projects to safeguard communities and boost regional prosperity.

Government Grants $22 Million to Support New Zealand Regional Airlines and Connectivity

Three regional airlines—Air Chathams, Sounds Air, and Island Air—will receive loans from the $30 million Regional Infrastructure Fund to refinance debt, upgrade fleets, and maintain essential air services connecting remote communities. Regional Development Minister Shane Jones and Associate Transport Minister James Meager emphasize the importance of these airlines for regional connectivity, economic wellbeing, and access to healthcare, especially amid pressures from rising fuel costs and global uncertainties. The government is also considering temporarily adjusting loan conditions to support airlines further and continues to assess additional funding applications.

Port Nelson Marina Upgrade Boosts Marine Services with New Hardstand and Boat Hoist

The opening of the new hardstand and 550-tonne mobile boat hoist at Port Nelson enhances the region’s marine servicing capacity by allowing larger vessels to be serviced separately from smaller ones. Funded by a $9.8 million Crown equity investment and contributions from local councils, the Calwell facility now supports vessels from 50 to 2400 tonnes and strengthens Nelson’s marine industry, preserving jobs and skills. Additionally, a $12.89 million loan will fund a neighbouring marina upgrade to increase hardstand capacity and install a 110-tonne hoist, with construction starting in May.

Tukituki Water Security Project Begins Pre-Construction in Hawkes Bay with $18M Loan

The Tukituki Water Security Project in Hawkes Bay will begin pre-construction work supported by an $18.13 million loan from the Regional Infrastructure Fund to enhance water storage and security. The project aims to enable irrigation of up to 22,000 hectares, create 300 construction jobs, and boost the region’s annual GDP by up to $693 million by supporting horticulture, seed production, and pastoral farming. By storing 104 million cubic meters of water, the facility will address water scarcity in one of New Zealand’s driest regions, promoting long-term economic growth and resilience.

New Zealand Boosts Diesel Storage by 90 Million Litres at Marsden Point

The New Zealand Government will invest up to $21.6 million from the Regional Infrastructure Fund to support Channel Infrastructure NZ Ltd in increasing diesel storage capacity by 90 million litres at Marsden Point, enhancing fuel resilience amid global supply disruptions. The project aims to recommission storage tanks within two months to secure diesel supplies beyond the current secure period until the end of May. This initiative addresses the critical need for large-scale fuel storage, particularly for diesel, which is vital to the economy, and work is set to begin imminently with close government oversight.