Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


LTNZ amasses cash while roading neglected

Maurice Williamson MP
National Party Transport Spokesman

27 November 2007

LTNZ amasses cash while roading neglected

It is an absolute disgrace that Land Transport New Zealand has been busy amassing a cash mountain while roading projects up and down the country are being put on the back-burner, says National’s Transport spokesman, Maurice Williamson.

Mr Williamson says LTNZ’s annual report makes for interesting reading, revealing that it had a budgeted net surplus of $20 million, but in reality it has ended up running a surplus of a whopping $224 million for the 2006/07 financial year.

“Despite the Labour Government’s rhetoric, the report shows that instead of building roads, LTNZ is accumulating cash. There can be no excuse for this massive underspend given the huge backlog of desperately needed infrastructure projects across the country.”

The report reveals that:

  • Regional land transport is underspent by $41 million.

  • Auckland land transport is underspent by $12.5 million.

  • Wellington land transport is underspent by $11 million.

  • Bay of Plenty transport is underspent by $26 million.

  • New and improved infrastructure for state highways is underspent by $12 million.

  • New and improved infrastructure for local roads is underspent by $138 million.

The total land transport programme excluding operating costs is down $212 million from what was budgeted.

Mr Williamson says LTNZ is clearly failing to manage and effectively use its funds to best advantage.

“In addition the introduction of a regional fuel tax will presumably build up cash reserves.

“LTNZ is crippled by a lack of urgency to address the nation’s roading needs which are getting progressively worse, not better.

“Frighteningly, many of the board members responsible for this mismanagement have been appointed to the just-formed New Zealand Transport Agency Establishment Board.

“Íf this was the first time LTNZ had run such a surplus it may be partially acceptable. But it’s not. It has run surpluses of this magnitude before and it smacks of gross mismanagement.

“Transport Minister Annette King needs to explain whether she’s been condoning this pattern of underspending at LTNZ.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Erebus Memorial In Parnell

Social media can be a wonderful tool for bringing people together in a common cause. It can also be a seedbed and spreader of mis-information on a community-wide scale. To which category do the protests against the siting of an Erebus memorial (to the 257 New Zealanders who died in that tragedy) in a secluded corner of a Parnell park happen to belong? IMO, it is clearly the latter, and the reasons for thinking so are explained below... More>>


National: Proposed Hate Speech Laws A Step Too Far

Reports of the Government’s proposed new hate speech laws go a step too far and risk sacrificing the freedoms New Zealanders enjoy, National’s Justice spokesperson Simon Bridges says. “The reforms are supposedly including protections to every ... More>>


Agriculture: Government To Phase Out Live Exports By Sea

The Government has announced that the export of livestock by sea will cease following a transition period of up to two years, said Agriculture Minister Damien O’Connor. “At the heart of our decision is upholding New Zealand’s reputation for high ... More>>


Norman Gemmell: New Zealand’s New Housing Policy Is Really Just A New Tax Package — And It’s A Shambles

Norman Gemmell , Te Herenga Waka — Victoria University of Wellington Economists like to talk about “optimal policy instruments” — essentially, policies that achieve their objectives more effectively or efficiently than the alternatives, and ... More>>

Claire Breen: ACC’s Policy Of Not Covering Birth Injuries Is One More Sign The System Is Overdue For Reform

Claire Breen , University of Waikato Recent media coverage of women not being able to get treatment for birth injuries highlights yet another example of gender bias in healthcare in New Zealand. More>>

Police: Police Accept Findings Of IPCA Report Into Photographs Taken At Checkpoint

Police accept the findings of a report by the Independent Police Conduct Authority (IPCA) relating to photographs taken at a checkpoint in Northland. On November 16, 2019, Police set up a checkpoint down the road from a fight night event in Ruakaka ... More>>


Health: Drug-Testing Law To Be Made Permanent

Interim legislation that is already proving to keep people safer from drugs will be made permanent, Health Minister Andrew Little says. More>>




InfoPages News Channels