Parliament

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

 

Govt fudging figures over Transmission Gully

29 July 2014

Govt fudging figures over Transmission Gully

The government is fudging the figures over Wellington road project, Transmission Gully, the Green Party said today.

The New Zealand Transport Agency (NZTA) said today it had let the contract to a Public Private Partnership (PPP) for “a net present cost of $850 million”.

“The Government needs to come clean. In fact, the cost is $125 million per year for 25 years, so the total cost is over $3.13 billion for 27 kilometres, which works out at over $115 million per kilometre,” Green Party spokesperson Julie Anne Genter said.

“NZTA says the contract cost $25 million less than it would cost through conventional means, but it spent over $30 million just on the contracting process.

“The PPP is not a way of saving money, it is a way of hiding an expensive loan using the private sector.

“This project will be designed, constructed and maintained by private interests and these are largely foreign interests.

“Japan’s Bank of Tokyo-Mitsubishi UFJ, will be the lead financier of the PPP while Australian firm Leighton Contractors will also play a lead role.

"Public-Private Partnerships are supposedly about getting value for money but, once again, we see they are in fact cash cows for financiers, lawyers, and foreign companies while taxpayers foot the bill.

“All up, Transmission Gully is expected to deliver only $360-$500 million worth of benefits. The opportunity cost is the billions we will not be spending on smart, green alternatives that would have made it easier for people to get around, and urgent safety upgrades to roads that are used by more people every day,” Ms Genter said.


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Ch-Ch-Changes At IRD

job cuts aren’t happening at the IRD, exactly. Instead, there’s apparently a ‘transformation’ in store, and jobs won’t be axed ; no, they will be ‘transformed’ before our eyes into… non-jobs, if you happen to be among the unlucky legion of 1,900 who are being lined up for transformation, which seems to work rather like a secular version of the Rapture.

Except that at IRD, not even your shoes will be left behind. More>>

 

Christchurch Mental Health: Hospital Too 'Awful' For Reviewers To Visit

Jonathan Coleman has to stop the stalling over a new building for mental health services in Christchurch to replace the quake damaged Princess Margaret Hospital, says Labour’s Health spokesperson David Clark... More>>

ALSO:

Greens Call For Govt Action: Children Sick Because Of NZ Housing

The Royal Australasian College of Physicians president-elect said today that children with preventable respiratory illnesses are being re-admitted to hospital because they're being sent back to cold, damp homes. More>>

ALSO:

Less Tax Cut, More Spending: Labour Launches Fiscal Plan

“Labour will invest $8 billion more in health, $4 billion more in education and $5 billion more for Kiwi families through Working for Families, Best Start and the Winter Energy Payment than the Budget 2017 projections for the forecast period.” More>>

ALSO:

Gordon Campbell: On The Greens’ Room For Political Pragmatism

The Greens here are currently being criticized by the commentariat for not making the same kind of pragmatic choices that sunk the Democrats in Australia. More>>

Gordon Campbell: On Being Humane About Welfare, Child Support, And Tax

It made for an unusual Venn diagram, but Greens co-leader Metiria Turei and Finance Minister Steven Joyce were briefly sharing some common elements this week in the set that says – hey, don’t use the powers of the state in ways guaranteed to make the system you’re trying to defend worse, not better. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election