Renewing existing infrastructure rather than investing in new shiny projects is the best way to go, according to a new report co-produced by the Helen Clark Foundation and WSP New Zealand.
The foundation claims 99% of the infrastructure New Zealand needs, has already been built.
Foundation Deputy Director Kali Mercier says renewals and repairs are much cheaper.
She told Mike Hosking one of their recommendations is keeping scorecards so the management and condition of major infrastructure can be tracked.
Mercier says that currently, just one of six central government agencies keeps a full asset register, and just two have comprehensive asset management plans in place.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
The Mike Hosking Breakfast