Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Land Transport Reflects Political Priorities

28 June 2002

FFNZ: National Land Transport Programme Reflects Political Priorities

Transfund's National Land Transport Programme (NLTP) reflects political trade-offs rather than focusing on the needs of the economy, says Murray Taggart, Federated Farmers' Meat and Fibre Chairman.

"While the funding allocation framework acknowledges that benefit/cost ratio (BCR) and efficiency remain important evaluation tools for roading and non-roading projects, there is a much stronger emphasis on projects which contribute to the government's funding priorities," said Mr Taggart.

"This raises the bizarre situation of road users contributing significantly more funding to roading alternatives such as public transport and the promotion of walking and cycling which clearly signals a move towards pork barrel politics to buy the urban vote at the expense of the productive sector. Already a considerable amount of revenue from road user charges and fuel excise tax flows into the Government's consolidated account.

"Funding of land transport should reflect the careful consideration of the BCR with an efficient transport sector being critically important. Undermining these important principles through specific funding allocated to promoting walking and cycling, and pet projects in terms of regional development which may not stand up against more efficient roading options, is a backward step and will not deliver a "more balanced range of transport options" as the Government suggests.

The NLTP reflects a move back towards pre-1984 thinking when Government exposed New Zealand taxpayers to the vagaries of picking winners. The NLTP again highlights the Government's dangerous return to a politically driven "we know best" mentality.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news