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Your Daily Ten@10 - 2026/028

THE GOOD OIL February 18, 2026
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This is edition 2026/028 of the Ten@10 newsletter.

Hi all,

This is the Ten@10, where I collate and summarise ten news items you generally won't see in the mainstream media.

Enjoy!


The Infrastructure plan that exposes “Broken New Zealand”

Bryce Edwards

  • 🌧️ As New Zealand faced fresh storm damage, the Infrastructure Commission released its first National Infrastructure Plan, bluntly admitting the system is failing under natural hazards and poor governance.
  • 📉 Despite spending 5.8% of GDP (over $20b annually) on infrastructure — among the highest in the OECD — New Zealand ranks near the bottom for efficiency and asset management.
  • 💸 Of nearly 12,000 planned projects worth $275b, $193b is unfunded, revealing not a spending shortage but a value-for-money and political decision-making crisis.
  • 🏗️ The plan criticises decades of political mismanagement: obsession with mega-projects, neglect of maintenance, and constant policy reversals driven by electoral politics.
  • 🛣️ The costly expansion of the Roads of National Significance programme is flagged as unaffordable, highlighting tensions between political promises and fiscal reality.
  • 🔧 A major philosophical shift is proposed: 60% of capital spending over 30 years should go to maintenance and renewals rather than new builds, especially for ageing hospitals, water systems, and roads.
  • 🏥 Health infrastructure requires the largest boost, with hospital investment needing to double as a share of GDP and Auckland projected to need 1,100 extra beds by 2050.
  • 🚦 The plan questions building roads for peak demand and suggests congestion pricing and better sequencing of projects instead of “dreaming big” and cancelling later.
  • 💰 Greater reliance on user-pays funding (tolls, congestion charges, higher electricity and water costs) could disproportionately impact lower-income households.
  • 🤝 Expanded use of public-private partnerships and KiwiSaver investment in infrastructure raises concerns about risk transfer to workers and past failures like Transmission Gully.
  • 🏛️ Proposed structural reforms would shift more power to technocrats and regulators, potentially reducing democratic oversight in a small, tightly networked political system.
  • 🏢 Infrastructure lobby groups quickly shaped the narrative, advocating more spending and private capital while operating with limited transparency in a country lacking a lobbying register.
  • 🔄 The article argues infrastructure mirrors a broader “Broken NZ” pattern: concentrated economic power, revolving doors between industry and government, and politicians shielding incumbents.
  • ⚖️ Ultimately, the crisis is political rather than technical — the plan’s impact depends on whether politicians confront vested interests, level with voters about affordability, and design fair reforms.

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