The Rural Connectivity Group has achieved a major milestone for rural connectivity with the official opening of the 500th RCG tower yesterday at Anawhata, West Auckland as part of the Government’s Rural Broadband and Mobile Black Spots programme. The tower provides broadband connectivity to this coastal community sitting between Piha and Bethells Beach on Auckland’s west coast in the Waitākere Ranges Regional Park. Media and Communications Minister Paul Goldsmith attended and cut the ribbon to officially open the site, addressing the importance of delivering better connectivity to Anawhata and other rural communities across New Zealand. The tower site has 30 solar panels and a back-up power generator, helping people stay connected for longer in the event of outages and severe weather events. CIP is proud to have worked with The RCG and WISPs around the country providing rural communities with improved broadband, and increased safety on rural roads and at tourism locations. 1,481km of State Highway have gained mobile coverage increasing safety on some of New Zealand’s most dangerous roads and159 tourism spots now have mobile coverage. 84,300 rural homes and businesses now have access to new or improved broadband across the Rural Broadband programme. Read the press release here: https://lnkd.in/g8nfxZ8m
National Infrastructure Funding and Financing
Construction
Auckland, Auckland 1,152 followers
About us
National Infrastructure Funding and Financing (formally Crown Infrastructure Partners), is the New Zealand Government’s investor shopfront for private capital investments into public infrastructure and the centre of expertise on the funding and financing of New Zealand infrastructure. We partner with the private sector, iwi, and local and central government agencies on infrastructure projects involving private finance and alternative procurement models, (including Public Private Partnerships (PPPs) and advising on complex financing structures. We finance transactions under the Infrastructure Funding and Financing Act and manage several Government infrastructure funds including the Cyclone Recovery, Infrastructure Reference Group, Rural Drinking Water and various connectivity related funds such as Marae Digital Connectivity and Rural Broadband and Mobile funds. Originally formed in 2009 as Crown Fibre Holdings, the organisation successfully rolled out the Ultra-Fast Broadband (UFB) programme providing Fibre-To-The-Home to 87% of population, marking it as the largest co-funded public-private infrastructure initiative in Aotearoa New Zealand. Our role has expanded to include partnering with private sector, central and local government, NGOs and iwi to fund, finance and deliver infrastructure, including connectivity ,water, transport, flood protection, community facilities and social infrastructure.
- Website
-
https://nationalinfrastructure.govt.nz/
External link for National Infrastructure Funding and Financing
- Industry
- Construction
- Company size
- 11-50 employees
- Headquarters
- Auckland, Auckland
- Type
- Government Agency
Locations
-
Primary
Get directions
188 Quay Street
Level 10
Auckland, Auckland 1010, NZ
Employees at National Infrastructure Funding and Financing
Updates
-
Last week at the 2024 INFINZ awards, CIP’s Wellington Sludge project won Debt Deal of the Year. According to the judges, CIP’s crowning feat were tenor, size, and tranches structured to fit lenders. Additionally, CIP was commended by the judges for the sustainability of this project, including prudential risk management of funding and interest rate risk. This transaction was impressive for pushing the boundaries of tenor of funding and risk management. This innovative and well-structured deal is an excellent place setter for New Zealand's quest for affordable, sustainable, and intergenerational infrastructure funding. A big congratulations to Sean Wynne, Andrew McGavin, Kathryn Mitchell, Kate Broadhurst, Ngahuia Leighton, and everyone involved who worked on the project! #CrownInfrastructurePartners #INFINZ #BuildingTheFuture #InfrastructureFunding
-