Labour and New Zealand First have released the details of their coalition agreement and Bill English will stay on as National leader.
In news out this morning, Shane Jones is set to be confirmed as the minister for the regions in charge of spending one billion dollars per year.
Part of his portfolio will include an ambitious forestry service with 100 million trees planted per year over the next 10 years.
The plan is intended to combat climate change as well as provide new jobs, particularly in Northland and the East Coast.
It has been called Winston Peters' "legacy project", and casts New Zealand First as a regional party out to take votes from the National Party.
For more on breaking news, Newshub Political Editor Patrick Gower joined The AM Show this morning.
The AM Show with Duncan Garner, Amanda Gillies and Mark Richardson, weekdays 6-9am on RadioLIVE and streaming live to the ROVA app on Android and iPhone.