Articles tagged with The Crown
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 2026Crown Reaches Agreement in Principle to Settle Ngai Tai Treaty Claims
8 months ago | 815 viewsThe Crown has signed an agreement in principle to settle the historical Treaty claims of Ngai Tai, marking a significant step after claims were first submitted over 150 years ago. The settlement includes conservation land, $12 million in financial and commercial redress, and reserved marine space for aquaculture consents. This agreement acknowledges the Crown's past wrongs and initiates negotiations toward a comprehensive deed of settlement for Ngai Tai, an iwi based in the eastern Bay of Plenty.
Tags: Ngai Tai Treaty of Waitangi Paul Goldsmith The Crown Whakaaetanga Matua Tōrere Bay of Plenty Treaty claims aquaculture deed of settlement