$375m to accelerate Auckland transport projects
Budget 2014 provides $375 million of new capital funding for the New Zealand Transport Agency (NZTA) to accelerate $815
million worth of Auckland transport projects, Transport Minister Gerry Brownlee says.
The projects will address congestion in our largest city, capitalise on the benefits of major roading projects already
under way, such as the Western Ring Route, and improve access to Auckland International Airport.
“No Government has invested so heavily in transport infrastructure across all transport modes,” Mr Brownlee says.
“But with freight demand forecast to grow by around 50 per cent across the country in the next 30 years, and by almost
80 per cent in Auckland, and with a growing population, we’ve decided to bring a number of important projects forward.”
The programme to deliver the Auckland transport package is:
· Delivery of projects on the Northern Corridor, Southern Corridor and State Highway 20A (as outlined in the following
table) by 2019/20 ($800 million).
· Further investigations to determine the preferred scope of the East-West Link over 2014/15 ($10 million).
· Progression of the Panmure to Pakuranga phase of the Auckland Manukau Eastern Transport Initiative (AMETI) over
2014/15 ($5 million).
“Some of these projects were up to a decade from starting, but we’ve decided they simply must begin sooner to give
Auckland the best opportunity of moving people and goods around the region,” Mr Brownlee says.
The $375 million will be transferred to NZTA as an interest-free loan, to be repaid to the Crown by funding currently
allocated to these projects in the National Land Transport Fund up to 2026/27.
The Government is also announcing today $32.7 million of new operating funding over the next four years to cover the
debt financing cost to the Crown of the interest-free loan.
ends