Record $32.9 billion investment in NZ transport to drive economic growth

News

Transport Minister Simeon Brown announced a historic $32.9 billion investment in New Zealand’s transport network through the 2024-27 National Land Transport Programme (NLTP). This funding aims to enhance reliability and efficiency in the transport sector, thereby boosting economic growth and productivity.

Brown said the previous government’s strategies led to stalled projects and infrastructure issues. He reiterated the current government’s commitment to practical and impactful investment.

The NLTP focuses on the following key highlights: Reintroduction of Roads of National Significance (RoNS): The program will feature 17 projects nationwide.

Basic Maintenance Priorities: Increased emphasis on pothole prevention and improved road maintenance.

Enhanced Public Transport: $6.4 billion allocated for public transport services, including four major urban projects and the City Rail Link, which will double Auckland’s rail capacity by 2026.

Safety Improvements: Increased road policing to address issues of drunk and drugged driving is also a priority.

The NLTP reflects a 35 percent funding increase from the previous three years, prioritising essential infrastructure improvements to support economic development and residential growth across the country.

 

Publishing Information
File Download:
Related Articles
Inchcape and UDC Finance Partner to Deliver Tailored Auto Finance Solutions
Inchcape, the authorised distributor of Subaru, LDV, and KGM vehicles in New Zealand, announced a strategic white-label finance partnership with UDC Finance Limited (UDC), one of New Zealand’s most...
The Chery TIGGO 4 Hybrid, now in NZ
The arrival of the Chery TIGGO 4 Hybrid in New Zealand presents a significant opportunity for fleet managers seeking to optimise budgets and advance corporate sustainability objectives. As a compact...
The 2026 Toyota RAV4 - what we know
Toyota has announced the sixth-generation 2026 RAV4, a development of significant interest for corporate fleet management. The new model series transitions to a fully electrified powertrain lineup,...