Recommended NZ | Guide to Money | Gimme: Competitions - Giveaways

New Zealand Contractors' Federation Welcomes National Super Fund Plans

Contributor:
Fuseworks Media
Fuseworks Media

16 October 2008 - The New Zealand Contractors' Federation has welcomed the National Party's announcement that it would inject billions of dollars from the "Cullen Fund" into infrastructure.

National leader John Key announced yesterday that he would require the New Zealand Superannuation Fund to invest 40 per cent of its assets locally.

The scheme would make cash available to businesses and help fund infrastructure, such as public-private toll roads or the rollout of high-speed broadband.

Federation Chief Executive Richard Michael said: "This is exactly what the Contractors' Federation has been suggesting.

"Investing in the country's infrastructure, rather than shares, would bring sold returns, create employment and advance urgently needed projects such as roading programmes that would have direct benefits for the national economy."

All articles and comments on Voxy.co.nz have been submitted by our community of users. Please notify us through our contact form if you believe an item on this site breaches our community guidelines.

Personal Finance guides from guide2.co.nz

The latest money guides from authoritative New Zealand sources: Investing, KiwiSaver & Saving, Managing Money, Home Loans, Credit Cards, Tax.

Links will take you to guide2.co.nz.

Connect with Voxy

Voxy on Google Plus     Join Voxy on Google+.

 

Credit Card Comparison TablesCompare Credit Cards - Interest rate and fees comparisons for New Zealand banks.