The Government's recent announcement to spend an extra $12 billion on infrastructure has been met with cautious optimism by the civil contractors association, with more details been called for.
Finance Minister Grant Robertson announced last week that the Government would borrow an extra $19 billion, and said $12 billion would be spent on schools, healthcare, along with a large bulk of spending going on rail and roading, with $8 billion for specific "shovel ready" projects, with a further $4 billion on hand for future spending.
However, no specific projects were announced, instead Mr Robertson said they would be announced in early to mid-2020.
Civil Contractors New Zealand chief executive Peter Silcock said Mr Robertson's announcement of additional infrastructure spending with the emphasis on "shovel-ready" projects was welcome, but details on which projects were funded and when they would come to market were needed as soon as possible.
"This is great news, and shows the Government is listening. But if these projects are truly shovel-ready, contractors need details sooner rather than later.