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Will the Minister bid for increased central government funding for the Regional Infrastructure Fund (RIF) should the implementation of a rates cap reduce the amount councils co-invest into RIF projects?

Answered Question 36068 (2026)
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Asked by

Mike Davidson

List MP · Green Party

Question

  • Will the Minister bid for increased central government funding for the Regional Infrastructure Fund (RIF) should the implementation of a rates cap reduce the amount councils co-invest into RIF projects?

Answered by

Hon Shane Jones

List MP · NZ First · Minister for Regional Development

Answer

The Regional Infrastructure Fund (RIF) is a Budget 2024 initiative appropriated until June 2027 and is approaching full allocation. Terms of co-investment funding for current approved RIF projects have already been established. Details of the Government's proposed new legislation to limit local government rates increases are currently being finalised, with the full regulatory model expected to be in place by 1 July 2029.