Te Kauwhata gets $37m for a housing development

The money isn’t for houses themselves, but rather to speed up provision of roading and waters connections needed before homes can be built.

But there’s an environmental bonus in the Te Kauwhata development, Minister of Building and Construction Nick Smith said.

“The $32m investment that’s going into water infrastructure in the Waikato District not only has the dividend of 2600 extra sections in that community, but enables us to remove all of the existing wastewater that’s going into the Waikare Lake and the Whangamarino wider wetland,” he said.

The loan will help Te Kauwhata cater for “the spillover effects of growth from Auckland” and provide more affordable housing, a statement from acting Waikato District Mayor Dynes Fulton said.

The project will include local road upgrades, cycle connections, and three waters infrastructure, Finance Minister Steven Joyce said.

Te Kauwhata’s location between Hamilton and Auckland has added to its popularity, Waikato’s National candidate Tim van de Molen said.

The loan was a huge bonus as smaller areas can otherwise struggle to fund such projects through their ratepayers, he said.

The project will include local road upgrades, cycle connections, and three waters infrastructure, Finance Minister Steven Joyce said.

Te Kauwhata’s location between Hamilton and Auckland has added to its popularity, Waikato’s National candidate Tim van de Molen said.

The loan was a huge bonus as smaller areas can otherwise struggle to fund such projects through their ratepayers, he said.

Source: http://www.stuff.co.nz/

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