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Speaker 1: It's a bit more insight from the PM yesterday. In

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Speaker 1: the budget there's going to be an extra four hundred

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Speaker 1: million dollars per maintaining upgrading assets. That, by the way,

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Speaker 1: is on top of the already budgeted four three point

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Speaker 1: six billion. Michelle McCormick is policy director at the Infrastructure

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Speaker 1: New Zealand. Back with us, Michelle, good morning, Good morning line.

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Speaker 1: I think we've got to be a little bit honest.

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Speaker 1: Four hundred million dollars. Although it sounds a lot of money,

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Speaker 1: isn't a lot of money in infrastructure? Is that this

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Speaker 1: is just a small top up.

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Speaker 2: Yeah, it's a bit of a bread crumb really, but

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Speaker 2: I mean good news. It is some positive news. They

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Speaker 2: had managed to strake the barrel and find a little

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Speaker 2: bit more. And we know we've got a huge infrastructure

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Speaker 2: differit but you're right, four hundred million and then that's

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Speaker 2: like half a men or two gorge replacement.

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Speaker 1: Exactally, what's the balance at the moment the stuff we

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Speaker 1: could should do versus what we are because we've got

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Speaker 1: no dough.

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Speaker 2: Yeah, there's a big hole here. We've heard over the

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Speaker 2: last few weeks a few announcements we've had the Transport

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Speaker 2: announcements around the Northland Expressway, Mill Road in the Northwest Busway,

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Speaker 2: and a lot also with defense and the National Instructure

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Speaker 2: Plan for the health sector. But yeah, we were a

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Speaker 2: little light on detail. I think the private sector sourcing

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Speaker 2: of funding and other partnerships both local government and EWE

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Speaker 2: Maori are going to be very important in terms of

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Speaker 2: going forward.

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Speaker 1: Glad you raise that. That's what I want to know,

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Speaker 1: And I was just wondering if I was asleep at

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Speaker 1: the wheel, I'm not hearing any of that. Where are

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Speaker 1: these people with all their money and all these deals,

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Speaker 1: where are they? Do? You know what's happening?

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Speaker 2: Well, the investment summits held in March was very successful

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Speaker 2: and we had definitely had some positive soundings out of that.

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Speaker 2: There is a lot of backroom discussions at the moment

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Speaker 2: and we have heard that Ruakura Port Development has had

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Speaker 2: an extra one billion dollars invested in the Prime Minister

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Speaker 2: announced yesterday. So things are happening in the background. We're

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Speaker 2: setting up the conditions for a more positive investment environment,

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Speaker 2: including opening ourselves up to more market lead proposals and initiatives,

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Speaker 2: and some Mundy also having gone in to invest in

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Speaker 2: new Zealand to really have our shop frontage the actors,

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Speaker 2: the contige servers for New Zealand. For those investors, well.

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Speaker 1: Let's hope we get more details of the budget. Apreciated

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Speaker 1: very much Michelle the Cormack, which of course is why

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Speaker 1: we have budgets otherwise that just announced it on the day.

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Speaker 1: She's the policy director at the Infrastructure New Zealand. The speech,

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Speaker 1: by the way, was quite a good one. I watched

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Speaker 1: it live and these are the numbers we need to

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Speaker 1: get out more often. His argument was it's not new,

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Speaker 1: but his argument was can we borrow more? Of course

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Speaker 1: we can. Would that be a nice little sugar hit,

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Speaker 1: Yes it would. Would that be good for the government

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Speaker 1: and the poll's fantastic? Bring it on, except we can't.

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Speaker 1: And what the last government did was add another sixty

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Speaker 1: thousand dollars of debt to each and every single household

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Speaker 1: in this country. From where they started to where they ended,

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Speaker 1: they added sixty thousand dollars of debt to every single

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Speaker 1: household in this country. And if you think you can

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Speaker 1: live like that, you're dreaming for more. From the Mike

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Speaker 1: asking Breakfast, listen live to news talks, it'd be from

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Speaker 1: six am weekdays, or follow the pod cast on iHeartRadio