Roading project leads to $63 million blowout
"The Albany-Puhoi project (ALPURT) was originally costed at $165 million in 1995 but the current estimate stands at $228 million.
"This is an extraordinary increase in cost even taking into account the additional lanes that are being added."
Mark Gosche said in light of the revelation, the Government should speed up its review of road funding body Transfund's performance on this and other projects.
"Already an investigation of eight large projects showed an average 26 percent over-run on budgets and scoping studies carried out by Boston Consulting Group and Sinclair Knight Merz have already identified possible savings of between $17m and $30m.
"These sorts of cost over-runs are just not acceptable.
"The Minister of
Transport has enough evidence to make him act now to manage
taxpayers' money properly, Mark Gosche