Regional deals, aimed at prioritising infrastructure within a region to spark economic growth and development, are another tool that can enable local governments to prioritise and accelerate their infrastructure needs.
They work best when local and central government combine, with input from the business community, to agree a programme that will realise economic gains through infrastructure provision.
These may be seed-funded by government or utilise alternative funding tools to repay the cost of the infrastructure through tolls, charges, targeted rates, or increased tax or GST revenues.