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Speaker 1: Government says it's going to help infrastructure investment in New

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Speaker 1: Zealand seventy five million dollars over the next four years

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Speaker 1: to encourage foreign investment in New Zealand infrastructure. Also wants

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Speaker 1: to make it easier for startups to attract and retain

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Speaker 1: high quality staff. Infrastructure ends ed. See you nickle get

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Speaker 1: with me this morning.

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Speaker 2: Nick.

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Speaker 1: Good morning Low Ryan. Now how is this going to work?

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Speaker 2: Well, this is another sort of tweak in the infrastructure system.

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Speaker 2: The government has been moving sort of step by step

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Speaker 2: to make improvements and you know, in itself it's on

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Speaker 2: a massive tweet. But essentially, what they're going to do

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Speaker 2: is allow foreign known companies to fund a higher proportion

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Speaker 2: of their investment in New Zealand subsidiaries through debt. At

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Speaker 2: the moment, they can't do that. And what that means

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Speaker 2: is that it's going to reduce the government's ability to

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Speaker 2: collect tax on that investment. And so that's what this

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Speaker 2: sixty five million is actually really just income tax revenue

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Speaker 2: that the government thinks they're going to forego as a

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Speaker 2: result of this change. What it does is that sends

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Speaker 2: the signal that New Zealand is a better place to

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Speaker 2: invest in infrastructure that there are some incentives at play,

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Speaker 2: and it's really important because we are at the bottom

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Speaker 2: of the world. We don't while we've got there's great

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Speaker 2: confidence in our government and our and our democracy, in

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Speaker 2: our systems. You know, there do have to be incentives

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Speaker 2: to get people to want to put money into New Zealand,

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Speaker 2: which in turn grows our economy.

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Speaker 1: As you said, this is sixty five million dollars over

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Speaker 1: four years. It's not going to change the world overnight

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Speaker 1: very quickly. Is there a what would be a big

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Speaker 1: ticket item you'd be looking for in the budget?

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Speaker 2: Well, it's really you know, there might be some projects

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Speaker 2: that the government want to move faster on, so perhaps

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Speaker 2: projects that they are they've investigated and they want to

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Speaker 2: drive faster. There might be some more money potentially perhaps

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Speaker 2: for the Auckland Second Harbor crossing. It could be things

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Speaker 2: like that, or new road, school or hospital projects. But

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Speaker 2: I would say this, you know the Prime Minister head

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Speaker 2: has investments some of a couple of months ago. That's

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Speaker 2: sending the signal to the world that New Zealand is

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Speaker 2: wanting to partner where it comes to building infrastructure. That's

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Speaker 2: really important because we know we've got this massive infrastructure

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Speaker 2: gain and if people want, you know, and we do

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Speaker 2: want stronger economy to be more productive, to be able

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Speaker 2: to pay for those schools and hospitals and in a

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Speaker 2: stronger standard of living over time, infrastructure is vital for that.

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Speaker 2: And so I think this is a good move from

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Speaker 2: the government, and it's one of a number of small moves,

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Speaker 2: but they all equal hopefully greater strength in our infrastructure

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Speaker 2: market and the fact that we're going to be building

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Speaker 2: more pretty soon.

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Speaker 1: Yeah, moving into Nick, appreciate your time. That's infrastructure and

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Speaker 1: nco Nick Leggett for.

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Speaker 2: More from earlier edition with Ryan Bridge.

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Speaker 1: Listen live to News Talks at Being from five am weekdays,

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