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


Transit - Unacceptable & extremely disappointing

22 February 2006

Transit Draft 10-year Programme – “Unacceptable & extremely disappointing.”

Holding a “toll gun” to the heads of Aucklanders as the only option for building the Western Ring Route by 2015 is intimidation, unacceptable and a huge distraction to getting Transit NZ focused on the job it should be doing – constructing the missing links in the region’s strategic network with speed and urgency.

“We are being treated in Auckland as if tolls are the only viable option to address the funding gap and ensuring Transit remains focussed on its job of building the core motorway network by 2015,” said Auckland Business Forum chairman Michael Barnett.

Putting forward a Draft programme that fails to confirm the goal agreed with Government last year to achieve major progress over the next decade is unacceptable. “Transit’s Draft shows a total lack of understanding of the economic goals and commitments that Government has confirmed for Auckland.”

“Giving some comfort is the strong likelihood that Government will find this document as unacceptable as we do,” he said. “Some radical changes will be likely before the draft is finalised.”

An obvious backstop solution is for Transit to make greater use of debt funding. “They have $12 billion available of which a small portion could be used to service a borrowing programme to ensure the Auckland programme proceeds without any threat of delay or need to toll the western corridor projects.”

Giving certainty to Transit’s programme is now critical, and it is reassuring that the Minister of Finance Michael Cullen is on record as saying that any cut back in Transit’s programme will be unacceptable. “Strong Government intervention is clearly required.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


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>>


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>>


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>>