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

 

Money for Auckland Roads Peaks in 2007

Money for Auckland Roads Peaks in 2007 then Declines then Flat-lines
Media release,

17 August 2005

The New Zealand Council for Infrastructure Development says Transit NZ plans for Auckland’s roads show an initial spurt of increased expenditure until 2007 and then quite a significant decline in spending until 2011.

A graph of Transits 10 year capital improvements forecast clearly shows that planned expenditure for Auckland roads actually declines each year between 2007 and 2011 by which date a start is expected to have been made on the Avondale project.

The main reason for the forecasted decline in spending is that Transit doesn’t expect to be in a position to start the SH20 Avondale project before 2010 because of RMA constraints and the need to gain community support for tolls.

While some projects have been advanced in Transit’s latest forecast update, comparison with the same time last year shows that much of the additional money allocated by Government has been absorbed in increased project costs.

It is pleasing to see better progress than was the case before, but NZCID thinks a greater sense of urgency is needed for critical projects like the Avondale connection.

The reality is that NZ lags significantly behind comparative nations, like Australia, who are investing much more heavily in infrastructure development, building them much quicker, and prospering as a result.

The obvious solution would be for Government to use the powers provided under the RMA amendment act which was recently passed to “call in” strategic projects of national importance and streamline the approval processes.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>