Articles tagged with Chorus
New Zealand Government Monetises $702M Chorus Debt to Fund Key Infrastructure Projects
2 weeks ago | 250 viewsThe New Zealand Government has entered binding agreements to monetise $642 million of interest-free loans provided to Chorus for fibre broadband rollout, generating net proceeds of approximately $702 million. This early monetisation enables reinvestment in critical infrastructure projects such as roads, hospitals, and schools, supporting economic growth and addressing the country's infrastructure deficit. The transaction does not affect Chorus ownership or services and reflects the Government’s commitment to disciplined public finances and strategic infrastructure investment.
Tags: Nicola Willis Chris Bishop Chorus The Crown New Zealand NIFFCo Finance Minister Infrastructure Minister Budget 2026Government to Monetise Chorus Debt, Funding New Infrastructure Projects in 2026
8 months ago | 1058 viewsThe Government will monetise its debt in Chorus, recovering funds earlier than the original 2036 repayment schedule to invest in capital projects like schools, hospitals, and roads. This decision follows the completion of the fibre broadband rollout, funded by $1.336 billion in interest-free loans to Chorus between 2012 and 2023, with $170 million repaid in 2025. The monetisation process will begin in early 2026, with proceeds ring-fenced for Budget 2026 infrastructure needs, and will not affect Chorus’s ownership or services.
Tags: Nicola Willis Chris Bishop Government Chorus telecommunications fibre broadband New Zealand monetisation infrastructure Budget 2026Unlocking Capital: Government to Sell Chorus Securities for Infrastructure Investment
10 months ago | 991 viewsThe Government is considering selling its investment in Chorus to free up capital for more beneficial projects in New Zealand, following the completion of the Ultra-Fast Broadband initiative in 2022. Minister of Finance Nicola Willis highlights the need to redirect the capital into investments that will benefit New Zealanders, with Infrastructure Minister Chris Bishop aiming to expedite the sale to private investors by early 2026 to allocate the proceeds towards hospitals, schools, and roads in Budget 2026. NIFFCo will conduct due diligence on the securities, evaluate market interest, and provide recommendations on the optimal sales process, with a decision on the sale expected by the end of 2025 to ensure value-for-money expectations are met.
Tags: Government Chorus NIFFCo Nicola Willis Chris Bishop Treasury fiscal strategy economic growth New Zealanders