A 10-point infrastructure-led recovery plan for extraordinary times
Paul Blair CEO of Infrastructure NZ says the Government’s $12.1 billion COVID-19 package will soften the impacts of COVID-19 for individuals and businesses, however these extraordinary times also create the conditions for our Government to build investment momentum.
“We’re especially pleased with the reinstatement of depreciation deductions for commercial and industrial buildings. This will allow around $2.1 billion in tax to remain with building owners and it is now incumbent upon them to follow the Government’s lead and inject that money into building upgrades and maintenance.”
“If building owners can take advantage of slack in the employment sector and taxpayer assistance, New Zealand could emerge from this crisis with greener, safer and healthier buildings. We’ll be more efficient, more sustainable and more resilient.”