Scoop has an Ethical Paywall
Licence needed for work use Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Transport Sector ‘Encouraged’ But Not Convinced By Promise To Revisit Extension Of Transport Support Package

The transport sector is "encouraged" but not convinced by Finance Minister Grant Robertson’s promise to revisit a possible extension of the Government’s transport support package.

The sector is calling for certainty before Christmas.

"Most Kiwis don’t realise it, but if the Government doesn’t extend the package it will end on 31st January. The cost to fill their car will increase $10 to $15 overnight, the cost of catching a bus or a train will double, and their road user charges will increase 36%."

Transporting New Zealand said that with inflation projected to increase to 7.5% in the new year, taking away the transport package could increase inflation to 8%, at a time when families and businesses can least afford rising costs.

"This is the one direct way the Government can ease cost of living rises for New Zealanders. Nobody should be fooled that a recent reduction in fuel costs is an end to volatility at the fuel pump or with any of their other household costs."

Transporting New Zealand has released figures that show that to remove the support package, a 45 plus tonne truck and trailer traveling 100,000 km, would cost an additional $21,000 to operate.

"That additional cost will go straight onto the cost of groceries and consumer goods, and everything that is being carried by a truck, as those costs have to be passed on. This will hit all consumers and businesses as trucks carry 93% of freight."

Nick Leggett says that the package should continue until inflation has dropped below 6%.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
Business Headlines | Sci-Tech Headlines

GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More


Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.