Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


LGNZ encouraged

LGNZ encouraged by commitment to explore other funding avenues

22 February 2006

In the context of the shortfall in roading funding, announced by Transit today, Local Government New Zealand is heartened by the comments last week of Finance Minister, Michael Cullen, to explore new avenues to fund looming road transport infrastructure issues.

The realisation of a likely funding shortfall of at least $600 million triggered by rising construction costs has led those agencies involved in transport funding to examine further sources for financing roads.

“The Government’s decision to examine value for money in transport funding in light of rapid increases in the cost of materials and contracting for building and maintaining roads and infrastructure is timely. Prompt decisions need to be made now to ensure the necessary funds are available to finance existing and future projects,” says Local Government New Zealand’s Transport Spokesperson, Mayor Graeme Weld.

“Current discussions have been focused on issues surrounding road pricing, debt, and the funding of key infrastructure and these issues should not be forgotten. There is significant diversion of fuel excise tax and road user charges into the consolidated fund to capture the social costs of roading and transport, in particular, the cost of road accidents and law enforcement.”

The extent of the diversion of monies into the consolidated fund was a focus of public discussion in the lead up to last year’s elections. The decision on the extent of diversion into the Fund for road use is always at a balance between economic and political decision-making.

“We are urging the Government to examine this issue in finding the necessary solutions to support the roading network. Given it is unlikely there will be immediate financial top-ups to finance the shortfall, we commend the Government on its desire to investigate other funding options,” said Mayor Weld.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news