New Zealand's wealthy visa investors are helping build a new cable car in Queenstown
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓New Zealand’s Active Investor Plus visa programme could help finance a proposed NZ$265 million cable car in Queenstown.
- ✓Private Capital Group reached an in-principle lending agreement with Southern Infrastructure.
- ✓Infrastructure Minister Chris Bishop said, "Cable cars are an effective option because they can move people frequently and reliably without roads."
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
New Zealand's Active Investor Plus visa programme could help finance a proposed NZ$265 million cable car in Queenstown, with approved fund manager Private Capital Group reaching an in-principle lending agreement with Southern Infrastructure. The project would link central Queenstown with Frankton, the airport and Ladies Mile, while giving wealthy visa investors another avenue to channel capital into New Zealand infrastructure.
Wealthy investors using New Zealand's Active Investor Plus visa programme could help finance a proposed cable car in Queenstown after Southern Infrastructure Limited reached an in-principle agreement for around NZ$265 million in private lending.
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