SpeechJONATHAN YOUNG (National—New Plymouth): Thank you very much for the opportunity to speak on the Infrastructure Funding and Financing Bill at its third reading. This is an important bill. Of course we are very committed to investing into infrastructure in our country—it's so critical. It is the foundation of economic activity and of course the Kiwi way of life. So these are very important. We believe in transport infrastructure of course. There are all the issues around the pressures particularly that local government is facing in terms of water supply and reticulation. In order to support all of that this bill was presenting some mechanisms such as a special purpose vehicle which is going to assist local government to be able to address some of those very long-term challenges that have been before our country and that have been across successive Governments and of course this is probably one of the biggest challenges that local government faces. Certainly it's good to see that we have a mechanism in place that is going to support infrastructure in the water space. Of course transport and associated infrastructure in local roads State highways and public transport—all of these are incredibly important and we must not ever lose sight of the fact that our economy strongly depends on having a significant infrastructure base in our country. It's a little bit like the skeletal system that a human body has—you know without that skeletal system it's so difficult. We have been committed to infrastructure in the past in previous Governments. The ultra-fast broadband roll-out that the previous John Key - led Government established in the country has been so important for us to engage in in the 21st century economy not just here but right across the world. We all know that during the times when economies are locked down because of concerns around pandemics etc. that infrastructure has been absolutely critical to maintain communications and viability for so many businesses that rely upon that but when it comes to issues such as electricity networks we have got some great challenges in front of us. We're a country that is reasonably lowly populated compared to other countries. We're long and skinny and our roading network our electricity network and our gas network—all of these come at a very high price per capita. So we are having the New Zealand Infrastructure Commission—which was in legislation that was passed through this House prior to this—and we are having a funding and financing mechanism to enable these pipeline projects to be able to actually be built and I doubt whether we're going to see anything happen in the next six months. We absolutely know that the challenges around this in terms of consenting and the preparation of the workforce—all of these particular areas are very challenging. Hon Phil Twyford: We've got all that. JONATHAN YOUNG: Yeah but we're not seeing anything. We might see a shovel in the ground but we're not seeing dirt being dug and I doubt whether we're going to see any of that Minister before 19 September—much to your disappointment. But anyway Madam Speaker thank you very much for the opportunity to support this bill here in its third reading. Thank you. Bill read a third time.