New Zealand’s budget for the year has highlighted its 3 main priorities as schools, broadband, and rail. The infrastructure will receive a cash injection of an estimated $1.6 billion. This figure is inclusive of $1.1 billion additional funding and around $500 million of funding from other areas of the budget.

The targeted investments are expected to increase productivity, according to the NZ finance minister, Bill English. This is why the investment is on a high scale, despite the government’s financial commitments to helping rebuild the city of Christchurch.

The ultra fast broadband initiative is imperative for NZ to catch up with the rest of the world when it come to internet usage and connection, and they want to ensure that Crown Fibre Holdings has access to the $943 million over four years; the amount the initiative will cost.

Further to this, $28m would be spent on giving schools the ability to connect to high speed broadband networks. Rail networks will receive $250 million to put towards the ‘Kiwi-Rail’ plan, which is aiming to become a self sustaining freight business over the next ten years or so.

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