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


Govt should pay for roads

Govt should pay for roads

“Finding the money to pay for roads should be easy. But the options being put forward by submitters to the New Zealand Transport Authority (NZTA) funding subsidies review lack imagination, show little knowledge of history, and will be more expensive for ratepayers” said Democrats for Social Credit’s Transport spokesman David Wilson.

“Concerns expressed by Local Government NZ (LGNZ) are valid: it’s unfair for local government to carry the cost of building and maintaining New Zealand’s road network. Proposed reshuffling of the Funding Assistance Rates (FAR) allocations will create disparities and overlooks the most obvious solution.

“Provision exists in the Public Finance Act 1989 (clauses 46 & 54) for the Minister, on behalf of the Crown, to ‘borrow money….in the public interest’ from ‘any person, organisation or government’ and ‘on any terms and conditions that the Minister thinks fit’.

“So the Minister may utilise the publicly owned Reserve Bank of New Zealand (RBNZ) to draw down interest free loans to meet the development and maintenance costs of our roading network.

“The RBNZ has been the source of funding on many occasions in the past. It’s paid for capital works ranging from State housing, hospitals, schools, and road & bridge building.

“The work needed to find the money to pay for infrastructure development is in lobbying the Government to abandon its support for the private commercial banking sector, to let go of its preference for interest bearing loans, and to genuinely act in the public interest by sourcing the money from the RBNZ.

“LGNZ must reject the government’s fixation with the private banking system as being unfair, unsustainable, and contrary to the public interest.

“All taxation gathered for roads should be spent on roads and the shortfall should be made up by central government using a Reserve Bank line of credit.”

Mr Wilson noted that the DSC wouldn’t hesitate to utilise the RBNZ’s credit facilities to sustainably fund the development and maintenance of transport infrastructure as a key aspect of establishing a social credit economy in New Zealand.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Environment And Conservation: Changes To Our Oceans Pose Serious Concerns

New Zealand’s oceans, coasts, and marine wildlife are under growing pressure, according to the first national report from the Ministry for the Environment and Statistics New Zealand about the marine environment. More>>


Police Authority: Use Of Taser Was Disproportionate And Unjustified

The Independent Police Conduct Authority has found that an officer’s second use of a Taser on a mentally unwell Hokitika man was disproportionate and unjustified. More>>


Gordon Campbell: On Holidays, Hekia Parata And Badlands

Hekia Parata, adieu. Reportedly, she’s been ‘passionate’ about education. She has “bravely’ led the charge on the government’s education reforms. In the past week , many of the postscripts to Hekia Parata’s career as Education Minister have sounded like a schoolteacher desperately trying to find some reason why a D student can be marked up to C minus. More>>


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>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news