Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


Transport Projects To Proceed Rapidly

IA Annual Plan Enables Transport Projects To Proceed Rapidly

Annual and Long Term Funding Plan adopted

Statement by John Robertson, Chairman Infrastructure Auckland

IA today confirmed its Annual Plan for 2003/04. The plan includes a notional allocation of $136 million in capital and interest payments for regional borrowing to fund completion of the regional transport network. Debt funding is seen by the region as the most reliable way of ensuring completion of the Regional Land Transport Strategy (RLTS). The IA funds will cover the first four years of borrowing.

The initiative has unanimous regional support which was noted today, at the adoption of Infrastructure Auckland’s annual plan and long term funding plan.

The Regional Debt Servicing allocation allows the region time to research and implement longer-term debt-servicing revenue streams without delaying implementation of critical transport projects. These funds from IA are the equivalent of every household in the Auckland region not having to pay an additional $70 per year for four years to fund the borrowing.

Infrastructure Auckland’s final annual plan and long term funding plan tabled today increases the funds it will make available for Auckland’s urgent transport and stormwater needs to $1.18 billion by the year 2008. This is $230 million more than previously planned and brings its granting programme forward by four years.

The new $1.18 billion programme (including grant commitments to date of $184 million) comprises notional allocations to the following:

Passenger Transport gets a 78% increase - from $410 million to $730 million Stormwater gets a 50% increase - from $100 million to $150 million Regional Debt Servicing for urgent implementation of the Regional Land Transport Strategy (a new funding category) gets $136 million Roads remains unchanged at $90 million Travel Demand Management remains unchanged at $75 million.

The largest portion ($730 million) of IA’s $1.18 billion funding is allocated to Passenger Transport. A large part of this $730 million allocation is planned to provide most of the capital component funding for the Regional Rail Upgrade programme.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On How National’s ”New” Welfare Plan Resurrects A Past Failure

Sam Uffindell’s defenders keep reminding us that he was only 16 at the time of the King’s College incident, and haven’t we all done things in our teens that, as adults, we look back on with shame and embarrassment? True. Let's be honest. Haven’t we all at one time or another, joined a gang and beaten a smaller, younger kid black and blue with wooden clubs? In that respect, Uffindell’s defenders on the streets of Tauranga risk sounding a bit like the psychiatrist Kargol played by Graham Chapman on Monty Python. Some of the media commentary has also noted how the Uffindell saga has taken the shine off National’s good poll results and distracted us all from the unveiling of an important welfare policy at the recent National Patty conference. OK… So let's put the spotlight back on that welfare policy...


National: Food Prices Climb Taking Kiwis Backwards
Kiwi families continue to battle runaway food prices, National’s Finance spokesperson Nicola Willis says... More>>

Transport & Infrastructure: Have Your Say On The Future Of Inter-regional Passenger Rail In New Zealand

The Transport and Infrastructure Committee has opened an inquiry into the future of inter-regional passenger rail in New Zealand. The aim of the inquiry is to find out what the future could hold for inter-regional passenger rail... More>>

National: Sam Uffindell Stood Down Pending Investigation
Tauranga MP Sam Uffindell has been stood down from the National Party caucus pending an investigation into further allegations about his past behaviour, says National Party Leader Christopher Luxon... More>>

Government: Tax Break To Boost Long-term Rental Supply
The Government is encouraging more long-term rental options by giving developers tax relief for as long as the homes are held as long-term rentals, the Housing Minister Megan Woods has announced... More>>

National: NZ Migrant Arrivals Hit Lowest Mark Since 1990s
Today’s net migration figures show that Labour has failed to deliver the desperately needed skilled migrants they promised, meaning labour shortages will persist into the future, National’s Immigration spokesperson Erica Stanford says... More>>

Green Party: Abuse Revelations Leave No Choice But To Overhaul RSE Scheme
The Green Party is calling on the Government to overhaul the Recognised Seasonal Employers scheme in the wake of revelations of shocking human rights violations... More>>




InfoPages News Channels