Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Dunne, Baldock: Transit borrowing common sense

Media Statement
For immediate release
Friday, 12 December, 2003

Dunne, Baldock: Transit borrowing common sense in action

United Future is delighted that the Government has moved on its recommendation that Transit be able to borrow to fund road projects that have "previously been on the never-never", United Future leader Peter Dunne and transport spokesman Larry Baldock said today.

"We have been pushing this consistently as a key means of getting often much-needed projects off the drawing board," Mr Dunne said.

"So often - even in situations where lives are being lost on notorious stretches of road - we have had key projects languishing at the tail-end of 10-year Transit funding allocations - and that's if they're lucky.

"What we've pushed for and what's happening now is that Transit will be allowed to borrow against future guaranteed income streams, toll revenue and the like. It simply makes sense," Mr Dunne said.

"Inter-generational borrowing has long been done at local government level," Mr Baldock said.

"It is how we pay for our cities' and towns' sewerage systems, and our local swimming pools, but for some strange reason, our national roading needs have never had this common sense philosophy applied to them.

"We congratulate the Government for moving on this initiative that we have pushing for a considerable time," he said.

Ends.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Supreme Court: Worksafe Decision On Whittall Pike River Prosecution Unlawful

The question in issue on the appeal was whether WorkSafe New Zealand acted to give effect to an unlawful agreement of this nature when it offered no evidence on charges against Peter William Whittall for breaches of the Health and Safety in Employment Act 1992...

The Supreme Court... has found that the decision to offer no evidence was made under an unlawful agreement to stifle prosecution. It has granted a declaration to that effect. More>>

 

Cullen To Chair: Tax Working Group Terms Of Reference Announced

Finance Minister Grant Robertson and Revenue Minister Stuart Nash today announced the Terms of Reference for the Tax Working Group and that the Group will be chaired by Sir Michael Cullen. More>>

ALSO:

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>

ALSO:

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election