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


Transport – Another Step Forward

17 May 2007

Media Release

Transport – Another Step Forward

The Budget’s initiatives to help Auckland transport are all welcome but still fall well short of what’s required, said Michael Barnett, Chief Executive, Auckland Chamber of Commerce.

- The regional petrol tax of up to 10c a litre will kick start electrification of the rail network, progress the Western Ring Route and allow long debated projects like Penlink to get moving.

- The extra $145m for Western Ring Route projects honours Government’s commitment to maintain certainty of a completion by 2015.

- The confirmation that all petrol money raised will be spent on transport and not be diverted to the Consolidated Fund is a long overdue step.

“But no one should see these initiatives as a total fix,” said Mr Barnett.

The regional petrol tax of up to 10c a litre will help service a loan of around $1.5billion, when the problem to be fixed is in the order of $5-7b.

:The decision to split the regional petrol tax 50/50 between Government and regional priority projects is a worrying signal about Government not trusting the region to control its own spending and decide the priority projects,” concluded Mr Barnett.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Tornado Aftermath: More Storms Forecast For New Plymouth

Up to 30 homes were damaged Monday night when a tornado roared through a New Plymouth suburb last night , cutting power lines, tearing off roofs, and toppling trees. More>>


Government Investment Rejig: Sustainable Food & Fibre Futures Launched

Growing New Zealand’s food and fibre sectors sustainably and supporting a thriving economy are the hallmarks of a new investment programme announced today by Agriculture Minister Damien O’Connor. More>>

Dump Levy Options: Waste Work Programme Announced

Associate Environment Minister Eugenie Sage has announced a programme of work to take action on New Zealand’s long-neglected waste problems. More>>


Real Estate: Foreign Buyers Ban Passes Third Reading

The Bill to put in place the Government’s policy of banning overseas buyers of existing homes has passed its third and final reading in the House. More>>


Nine Merger: Fairfax Slashes Value Of NZ Business

Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million to mastheads that were once the core of a billion dollar investment. More>>

Collecting Scalpers: Commerce Commission To Sue Viagogo

The Commission will claim that Viagogo made false or misleading representations: • that it was an “official” seller, when it was not • that tickets were limited or about to sell out • that consumers were “guaranteed” to receive valid tickets for their event • about the price of tickets... More>>