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$50MILLION BOOST FOR QUEENSTOWN DEVELOPMENT

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July, 2017

Queenstown is to receive $50 million to build roads and water
infrastructure in three new areas to be developed for housing around
the ever-expanding township.
The money is part of the Government's $1 billion housing infrastructure
fund, announced in this year's budget. Details were announced this
month.
Auckland, Hamilton, Waikato and Tauranga councils are to receive the
lion's share of the funding, which will be used to provide network
roading and water infrastructure for 60,000 houses across nine projects
in these five fast-growing urban areas.

In Queenstown, the funding is earmarked for new infrastructure at two
greenfields sites, at Quail Rise South and on the Ladies Mile and an
extension of the Kingston township.
The funding should allow 3200 homes in total to be built over the three
sites, in some cases years earlier than otherwise.
Construction Minister Dr Nick Smith said adding the "big new
subdivisions' would help lift the supply of residential sections and
provide more options for buyers.
The $50 million for Queenstown would be divvied up three ways.
The lion's share, $23.6 million, would go to Kingston, where
infrastructure networks for water supply, waste water and storm water
would be built allowing an additional 250 homes to be built in the next
five years and another 450 in the five years after that.
At Quail Rise South $10.3 million would be allocated for projects
including a SH6 connector road, a collector road and pedestrian/cycle
underpass and stormwater, wastewater and water mains work for an
additional 1,150 homes to built there over the next 10 years.
On the Ladies Mile, $12.6 million would be available to build SH6
connections, public transport access, and water, wastewater and
stormwater mains systems allowing an extra 1,100 houses to built in
that area over the next 10 years.
All the money would be available to councils to draw down in the 2018-
19 year.
Dr Smith said planning constraints on new subdivisions were freed up
through Special Housing Areas and reforms to the Resource Management
Act, but areas zoned for residences could not be built on without
infrastructure.
"We will be working closely with the Councils and developers to ensure
these projects are progressed at pace.'
The next step was for councils to complete detailed funding agreements
with the Government over the next few months.
There was also a huge amount of work required on resource consenting
and construction of the works, Dr Smith said.
(Source: Otago Daily Times)

 

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