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

 


Govt plans borrowing and tax hikes to fund unneeded highways

16 November 2012

Govt plans borrowing and tax hikes to fund unneeded highways

The National Government’s reckless plan to build unneeded highways has created a huge budget hole that taxpayers will be forced to pay for with higher taxes, Green Party transport spokesperson Julie Anne Genter said today.

The Green Party has obtained an internal New Zealand Transport Agency document which states there is a $1.7 billion shortfall between the cost of the Government’s transport plans and the projected revenue as a result of the huge cost of National’s pet highway projects and stagnant traffic volumes resulting in lower than projected fuel tax revenue.

The briefing outlines three options to close the gap: delaying the so-called ‘Roads of National Significance’ by up to five years (which is marked as “not acceptable”); borrowing the money and using Public-Private Partnerships as a form of borrowing, which would only shift the cost to the taxpayer into the future and constrain future transport budgets; or increasing petrol tax by nine cents a litre.

“Kiwis will be paying more to fund National’s unneeded and uneconomic highways, and they will have few options to avoid rising fuel prices.

“The mammoth $1.7 billion funding gap in the transport budget has been created by uneconomic projects like the Kapiti Expressway that will cost over half a billion dollars for $120m worth of value. Lower than expected traffic volumes just further prove these expensive highways should not be the priority.

“National has created a fiscal timebomb and its plan is to either foist the cost on to future taxpayers by borrowing the money or increase petrol tax by nine cents a litre.

“We have an opportunity right now to invest in better buses and trains, and safer walking and cycling – this frees up the roads for those who are driving and gives Kiwis more options to avoid rising fuel prices. But the Government is planning to spend 85% of the money available for new capital projects over the next decade on a few state highways, and less than 5% on smart, green alternatives.

“The best option is to defer indefinitely the Holiday Highway and the other low value highway projects and, instead, direct the transport budget to passenger transport, walking, and cycling as suggested by the latest Pure Advantage report.

“This would reduce our $8 billion a year bill for imported oil, lower our greenhouse gas emissions, and create more jobs,” said Ms Genter.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Two Years With New Methods: Crime Stats Show Increase Led By Burglary

The two years of data show an increase in the total victimisation rate of 3.1 per cent, with 12,060 more victimisations in the 2015/16 year when compared to 2014/15 year. From this increase, 72 per cent is attributable to burglaries. More>>

ALSO:

Auckland Relocation Grants: 12 Grants Paid So Far

Since the policy took effect one month ago, 12 applicants have received the non-recoverable grant, supporting 32 people. $54,508 has been paid out, covering things like moving costs, bond, rent in advance and letting fees. More>>

ALSO:

Vaccine Funding Change: HPV Vaccines For All Children

PHARMAC has today announced changes to funded vaccines, which will benefit an extra 100,000 people... The human papillomavirus (HPV) vaccine will be available for all children and adults up to the age of 26 years, and boys will now be included in the HPV school vaccination programme. More>>

ALSO:

Gordon Campbell: On Why The Opinion Polls For Key And Trump Defy Gravity

What is going on? Donald Trump got confirmed as the Republican presidential candidate at a bizarrely chaotic political convention… and promptly received an upwards bump in the polls to where he’s now rating ahead of Hillary Clinton, for only the second time this year. More>>

Sugar: Auckland Leisure Centres Axe Unhealthy Drinks

Auckland Council is to stop selling drinks that are sweetened by sugar from vending machines at its leisure centres in a bid to try to reduce obesity and type 2 diabetes... More>>

ALSO:

Gordon Campbell: On Todd McClay’s Faulty Memory

Time and again, whenever an issue arises the initial response by government is to deny or diminish the problem – nothing to worry about here, everything’s OK, move on. Then, hang on. In line with the usual pattern, as embarrassing details emerged into daylight, the story changed. More>>

ALSO:

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news