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

 

Budget boosts certainty for roading projects

20 May, 2005

Budget boosts certainty for roading projects

Roading New Zealand, the industry body representing roading contractors, has welcomed the Budget announcement that an additional $100 million per year will be injected into roading projects, starting in 2006/07. Chris Olsen, chief executive of Roading New Zealand, says that the $300 million promised over the next three years should overcome fears that some projects might be delayed due to cost increases, mostly in fuel and materials such as pipes and cement.

“The extra funding will not only provide for these increases,” says Mr. Olsen, “it could even allow a number of additional safety and congestion relief projects to proceed.

“We’re pleased to see the Government has stood by its commitment to provide funding certainty, thereby enabling Transit and local authorities to develop their road programmes with confidence. “This will mean roading contractors can continue to invest in people and plant to deliver those national and local projects already scheduled.” Over the past year roading contractors have made substantial investments to meet the challenge of a $3 billion increase in roading work scheduled over the next ten years.

The industry has a target of hiring 2,000 additional employees by 2006 to meet this programme, and a recent survey showed that a net 800 to 900 employees have been added in the past year. “Roading contractors have shown in the past that they can deliver when called on, and the extra funding will help to ensure they are able to do so in the future,” says Mr. Olsen.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

CO2 And Water: Fonterra (And Dairy NZ)'s Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>

ALSO: