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

 


Government Infrastructure Funding is Good News

Government Infrastructure Funding is Good News


Property Council applauds the Government’s infrastructure funding announcement in its draft three-year land transport policy statement.

According to Transport Minister Gerry Brownlee, the plan includes $10.5 billion to 2018, an increase from $9.5 billion for 2012 - 2015.

Property Council has always been a proponent of more transport infrastructure funding. This form of investment has a direct and positive impact on New Zealand cities.

Property development requires viable infrastructure for people to get to and from their places of work and homes and without effective transport infrastructure, city streets will remain gridlocked, especially during peak hours.

With the current housing crisis, development must increase to allow for demand to be met.

Commercial property plays an important role in complementing residential development by providing employment and services to growing populations and adequate transport infrastructure linking communities is critical to this.

This announcement is welcome as Auckland’s transport network in particular, has long suffered from underinvestment, and now more than ever the network is struggling to accommodate the city’s ever increasing population.

Property Council chief executive Connal Townsend says infrastructure, including transport, has been partly and incorrectly funded through development contributions.

“But the Productivity Commission clearly states that loading up these costs onto developers plays a major role in contributing to housing unaffordability – particularly in Auckland where land prices are exponential.

“So it would it is a great step forward to see the Government take action on this than to load historic costs of underinvestment onto developers which has been the norm so far.”

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

CPAG: Government Spends Over $100K Pursuing Beneficiary

For the past fifteen years, Kathryn, now in her fifties and living alone with chronic ill health on a benefit, has been challenging the decision by the MSD that she has to pay back $117,000. She has no assets or savings and cannot afford to pay for fresh food or therapy that would improve her health. More>>

ALSO:

Labour: National’s Cuts Shave $100K Off KiwiSaver By Retirement

New analysis shows National’s constant cuts to KiwiSaver will reduce the average worker’s retirement savings by $100,000 over their working life, Leader of the Opposition Andrew Little says... Since coming to office it has made five separate cuts to the scheme." More>>

ALSO:

Auckland: Transport Operators Switch From SuperGold To AT HOP Cards

Seniors using Auckland’s public transport will need to use their AT HOP cards from today but Auckland Transport has requested its operators to show understanding for those customers yet to complete the switch from SuperGold cards. More>>

ALSO:

Crime Stats: Burglary Up 11.9%

“While burglary rates are still below that of recent years, there has been an increase of more than 10 per cent over the past 12 months, which is of concern to Police and something we are determined to tackle,” says Police Commissioner Mike Bush. More>>

ALSO:

Help: Lifeline Aotearoa Fighting For Survival

Lifeline Aotearoa has announced it only has enough money to run for one more year. By 30 June 2017, all available sustainability reserves and funds from a new mortgage on its Auckland property will be exhausted. More>>

ALSO:

Overseas Investment: Auditor-General To Examine OIO

The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee. More>>

ALSO:

Gordon Campbell: On Bill English Living In Denial

The working poor have been a direct byproduct of the economic policies in vogue for the past 30 years or more, all over the Western world... That anger was evident in the Brexit vote, and it underlies the support for Donald Trump in the United States. More>>

ALSO:

Final Reading Of Parental Leave Bill: Families With New Babies Victims Of Veto

“For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because the National Government has used its veto – an extreme measure against families,” says the Bill’s sponsor, Labour MP Sue Moroney. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news