Regional Infrastructure Fund

The establishment of the $1.2 billion Regional Infrastructure Fund is Government’s commitment to investing in and improving New Zealand’s regional infrastructure.

The Regional Infrastructure Fund (RIF) is a significant government investment initiative to help reduce New Zealand’s long-standing infrastructure deficit. In 2021 the Infrastructure Commission estimated this deficit to be $104 billion, increasing to $210 billion over the next 30 years.

Government is committed to supporting this by establishing a $1.2 billion Regional Infrastructure Fund (RIF), delivered and administered by Kānoa – Regional, Economic Development and Investment Unit (Kānoa – RD).

The RIF will invest specifically in regional infrastructure, making investments in projects that boost regional growth, resilience, and productivity. This includes building new infrastructure and improving existing structures to benefit businesses, organisations, and communities in regional areas. Public and private infrastructure are vital for the prosperity of New Zealanders. Through such infrastructure investment, business productivity can be raised, and communities can be protected, supported, and enabled to be more resilient.

The fund opens on 1 July 2024.