The Prime Minister John Key says this will take the total aid commitment to the region over the three years to nearly a billion New Zealand dollars.
He made the announcement at the Pacific Islands Forum Leaders summit in Port Moresby.
He says New Zealand is a Pacific nation and it is committed to working with its closest neighbours to develop their economies and build a prosperous and stable region.
Meanwhile, John Key has announced a new broadcasting initiative that will see more New Zealand television content provided to the Pacific, free-of-charge.