Parliament

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

 

LTNZ amasses cash while roading neglected

Maurice Williamson MP
National Party Transport Spokesman

27 November 2007

LTNZ amasses cash while roading neglected

It is an absolute disgrace that Land Transport New Zealand has been busy amassing a cash mountain while roading projects up and down the country are being put on the back-burner, says National’s Transport spokesman, Maurice Williamson.

Mr Williamson says LTNZ’s annual report makes for interesting reading, revealing that it had a budgeted net surplus of $20 million, but in reality it has ended up running a surplus of a whopping $224 million for the 2006/07 financial year.

“Despite the Labour Government’s rhetoric, the report shows that instead of building roads, LTNZ is accumulating cash. There can be no excuse for this massive underspend given the huge backlog of desperately needed infrastructure projects across the country.”

The report reveals that:

  • Regional land transport is underspent by $41 million.

  • Auckland land transport is underspent by $12.5 million.

  • Wellington land transport is underspent by $11 million.

  • Bay of Plenty transport is underspent by $26 million.

  • New and improved infrastructure for state highways is underspent by $12 million.

  • New and improved infrastructure for local roads is underspent by $138 million.

The total land transport programme excluding operating costs is down $212 million from what was budgeted.

Mr Williamson says LTNZ is clearly failing to manage and effectively use its funds to best advantage.

“In addition the introduction of a regional fuel tax will presumably build up cash reserves.

“LTNZ is crippled by a lack of urgency to address the nation’s roading needs which are getting progressively worse, not better.

“Frighteningly, many of the board members responsible for this mismanagement have been appointed to the just-formed New Zealand Transport Agency Establishment Board.

“Íf this was the first time LTNZ had run such a surplus it may be partially acceptable. But it’s not. It has run surpluses of this magnitude before and it smacks of gross mismanagement.

“Transport Minister Annette King needs to explain whether she’s been condoning this pattern of underspending at LTNZ.”

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election