The Government signed a $27 million agreement with Covax Facility last month which will allow New Zealand to buy a successful vaccine from a range of candidates.
Decisions on who would receive access to the first available vaccines have yet to be made, the Government says.
"Work at the Ministry of Health is currently underway to determine what an Immunisation Programme roll-out might look like. A number of factors will influence who will receive what vaccines and when, such as trial data on the suitability of each vaccine for certain age groups," Hipkins said.
"We have set aside $66.3 million for medical supplies and infrastructure to ensure New Zealand is ready to launch a Covid-19 Immunisation Programme as soon as we have a safe and effective vaccine.
"Most of this investment will pay for sufficient supplies to support New Zealand and Pacific Realm countries; supplies such as PPE, needles, syringes and swabs, and freezers to store a vaccine," Hipkins said.