Investing for growth - Package at a glance
Investing for growth - a transport package for NZ
Package at a glance
New investment of an average of $297 million per year for land transport initiatives.
Almost $3 billion over 10 years.
All revenue from the increased fuel excise levy will be used to fund land transport initiatives.
The revenue will be distributed regionally on a population basis so every region will get an increase in funding for land transport initiatives.
Local bodies will be allowed to borrow and toll.
A new non-political body to manage Auckland's land transport needs.