Another $500 million of assets....

Media statement Wednesday, February 11th, 2009

Another $500 million of assets....

The $500 million in spending announced today was for work already planned and will deliver $500 million plus in assets for New Zealanders benefit, says the Employers & Manufacturers Association (Northern).

"Investments like those announced will show a great rate of return," said EMA's chief executive Alasdair Thompson.

"So they shouldn't concern rating agencies like Standard & Poors.

"They've all been needed for a long time and we have all been missing out the benefits they will provide.

"What's more it's a good time to be bringing work like this forward when prices are keen and people around the country need the work.

"So we look forward to more of the same with work actually starting on some of the big projects ready to go, such as the Newmarket viaduct replacement in Auckland, and the Victoria Park tunnel."

ENDS

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