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

 

Bill Won’t Deliver Faster Network Completion

Land Transport Management Bill Won’t Deliver Faster Network Completion.

“Where is the leadership and where is the commitment to solve Auckland’s disgraceful transport problems once and for all?”

It certainly is not to be found in the changes made to the Land Transport Management Bill reported back to Parliament yesterday.

Michael Barnett, chief executive of the Auckland Chamber of Commerce, was expressing strong disappointment at the overly cautious changes made to the Bill by the Select Committee.

“A number of key changes sought by Auckland business have been made, but in many cases they are so heavily qualified they will make little difference to achieving faster progress and could make things worse.”

For example, business will welcome moves to make it easier for private/public partnerships to be formed to bring forward projects.

However with Auckland facing a massive funding shortfall to achieve timely network completion, the submissions of the business community have been ignored in this key area, including no inclusion of provisions for providers to borrow to debt fund projects on a “network basis”;

“However, there is a glimmer of hope that not all is lost,” said Mr Barnett. “The Minister Paul Swain makes clear in his media release on the changes made to the Bill that further legislation may be forthcoming next year on proposals now being worked on to provide further funding options for transport.”

In September last year, Mr Swain said that the land transport legislation would have significant benefits for Auckland because “getting transport right in Auckland is critical” to the growth of the New Zealand economy.

In theory, the Minister has delivered – the Bill does allow public/private partnerships and tolling to fund infrastructure, as he promised. “In practice, however, there is too much room left open for interpretation, which at the end of the day will add to the uncertainty rather than help business move Auckland forward with the required sense of speed and urgency,” concluded Mr Barnett.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

21, 22, 23 December: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>

ALSO:

24/7: National Geohazards Monitoring Centre Opens

For the first time, New Zealand will have 24-7 “eyes on” monitoring of the four perils: earthquake, tsunami, landslides and volcanic activity. More>>

ALSO:

EU Wine Exports: Yealands Fined For "Unprecedented Offending"

Yealands Estate Wines has pleaded guilty to “unprecedented offending” under the Wine Act 2003 and has copped a $400,000 fine. More>>

ALSO:

Discussion Paper: Govt To Act On Unfair Commercial Practices

“I’ve heard about traders who have used aggressive tactics to sell products to vulnerable consumers, and businesses that were powerless to stop suppliers varying the terms of their contract, including price.” More>>

ALSO:

'Considering Options' On Tip Top Ownership: Fonterra Drops Forecast Milk Price

Fonterra Co-operative Group Limited today revised its 2018/19 forecast Farmgate Milk Price range from $6.25-$6.50 per kgMS to $6.00-$6.30 per kgMS and shared an update on its first quarter business performance. More>>

ALSO: