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


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Gordon Campbell: On Plastic Bag Activism, And Street Harassment

Amusing to see the Act Party experiencing another outbreak of young fogey-ism. What has aroused the ire of Act Leader David Seymour this time is the introduction of a Greens private members bill to the ballot process, calling for a 15 cents levy on plastic bags to reduce pollution. More>>


Unclear Weapons: US Navy Ship Cleared To Visit NZ For Navy's 75th

United States Navy ship, the USS Sampson, has been given clearance to visit New Zealand next month by Prime Minister John Key... “The process for considering the visit by the USS Sampson is the same as that used for all ships attending the International Naval Review." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news