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

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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.

 

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