- Question published
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Asked by
Tracey McLellan
List MP · Labour Party
Question
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What impact, if any, will self-funding the Accelerated Capacity Project from Corrections’ capital reserves have on the Department’s ability to invest in other infrastructure priorities?
Answered by
Hon Mark Mitchell
Member for Whangaparāoa · National Party · Minister of Corrections
Answer
I am advised that Corrections will utilise existing capital reserves to self-fund the capital costs for the Accelerated Capacity Project (ACP). I am further advised that the decision to self-fund the ACP investment will utilise the majority of Corrections’ current capital reserves, meaning Corrections will not be able to self-fund future Long Term Network Configuration Programme investments until capital reserves have built back up.