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Trans-Tasman bid to attract investment

NZ Newswire logoNZ Newswire 28/10/2016

New Zealand and Australia are making a joint bid to attract investment by publicising their infrastructure projects online.

Finance Minister Bill English and Australian Treasurer Scott Morrison launched the portal in Sydney on Friday.

About 25 New Zealand-based projects and about 90 Australian-based projected are listed from government agencies, local authorities, state-owned enterprises and publicly-listed companies.

They're all valued at more than $100 million and have either recently started or are yet to get underway.

Mr English calls it "an integrated infrastructure market".

"I expect it will help grow foreign direct investment in both countries, as well as giving greater visibility of future investment opportunities," he said.

BusinessNZ says it will help attract investors, suppliers and developers.

"The value lies in the transparency of upcoming projects, allowing for better involvement and planning by construction companies across Australia and New Zealand," said chief executive Kirk Hope.

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