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

 


$1.7 billion National Transport Programme

30 June 2005

Land Transport NZ announces $1.7 billion National Land Transport Programme

Land Transport New Zealand has announced a record $1.7 billion in spending for land transport infrastructure and services in this year’s National Land Transport Programme (NLTP), a 20 percent ($280 million) increase from last year.

Land Transport NZ chair Dr Jan Wright says 2005/06 marks the first time in many years that an NLTP is being released with virtually all available funds marked for spending.

“The message of previous years that the sector needed to gear up to make the most of extra transport funds has been heeded. Demand for land transport funding is higher than ever before, and a record amount of money is being allocated for an ambitious range of projects that will improve our roads and passenger transport services.”

Dr Wright also noted that there have been significant increases in the cost of road construction and maintenance, as well as for passenger transport services. More funding has also been needed for emergency works to repair major storm damage sustained over the past two years.

A large part of the 2005/06 NLTP represents continued funding for ongoing activities such as road maintenance and passenger transport services, as well as funds committed to projects approved in previous years.

Key features of this year’s NLTP include:

- District and City Councils are receiving $480 million to maintain and improve local road networks, an increase of $58 million from last year. This will keep local roads in good condition and help to address serious safety problems.

- Transit New Zealand is receiving $873 million to maintain and improve the state highway network, an increase of $137 million from last year. This continues the focus on serious safety and congestion issues around the country.

- $240m in passenger transport funding, including $121 million aimed at maintaining and expanding services and $119 million for developing infrastructure to support better services.

- An allocation of $51.5 million will be set aside for specific activities such as emergency works and preventive maintenance to minimise the threat of road closure.

Other highlights of the 2005/06 NLTP include funding for the development of toll systems, walking and cycling projects and specific allocations for traffic management and travel behaviour change.

The NLTP includes $436.5 million in ‘unallocated’ funding. While all of this money will be spent in 2005/06, it has not yet been earmarked to specific projects.

This year’s NLTP is the first to include regionally distributed funding raised from the 5c per litre increase in petrol excise and the associated increase in Road User Charges for light vehicles introduced on April 1 this year. The distribution of regional funding has been determined on the basis of population.

Dr Wright stressed that regionally distributed funding will be allocated over a 10 year period, with all regions receiving their full allocation over the 10 years.

“While this extra funding will be allocated and approved through the usual NLTP processes, Land Transport NZ is seeking increased regional involvement in setting priorities for this funding. Allocation of this funding has begun slowly because some regions need time to set their priorities, and the more expensive construction phase of projects will occur later in the 10 year period.”

This year’s NLTP is the first to be prepared by Land Transport NZ, created by the merger of Transfund New Zealand and the Land Transport Safety Authority in December 2004.

Dr Wright says the activities funded through the NLTP reflect Land Transport NZ’s objective of contributing to an integrated, safe, responsive and sustainable land transport system.

“New Zealand faces huge transport challenges. The $1.7 billion allocated by this year’s NLTP, together with the extra transport funding of $100 million per year for three years from 2006/07 announced in this year’s Budget and the further $500 million announced last week, will help us meet those challenges.”

Dr Wright said an announcement would be made in August detailing how the extra $500 million in transport funding will be allocated.

Regional newsletters, a fact sheet and the NLTP book, which details all projects in the 2005/06 NLTP, will be available at www.landtransport.govt.nz from 6pm today.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: 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>>

ALSO:

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>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news