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

 


Ridesharing Institute Welcomes Poll Result


News release from the New Zealand Ridesharing Institute

Ridesharing Institute Welcomes Poll Result

AUCKLAND, 19 November 2012 ~ The New Zealand Ridesharing Institute welcomed the results of a Horizon Poll published today that found a majority of Aucklanders want the Government to make a significant contribution to the $2.86 billion City Rail Link. It confirms that the only way the City Rail Link project makes sense for the people of Auckland is if they can find someone else to pay for it.

The findings help confirm the Ridesharing Institute’s argument that the Central Rail Link, while being a wonderful idea, is just too expensive for the number of people who will use it. The report finds that about 14,000 additional people will use the rail, which works out to a capital cost of over $200,000 per full time passenger. This works out to $20 per trip in interest costs alone. Add operating costs, and the subsidy per passenger per day will be well over $60.

This highlights the need for a broader discussion about the cost of transportation infrastructure and how it is used in Auckland. It is very poorly managed.

Each day 400,000 Aucklanders drive alone to work. They take 1.2 million empty seats with them. This is a lot of unused capacity, and the Ridesharing Institute argues that effort should be put into making better use of existing capacity before spending large sums of other people’s money building rail that so few people are expected use.

The New Zealand Ridesharing Institute is a non-profit group of concerned citizens and transportation professionals who believe there is an opportunity to make our transport systems work better by encouraging a much greater level of passengership in existing cars, vans, and buses.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news