Investing for growth - Package at a glance
Investing for growth - a transport package for NZ
Package
at a glance
New investment of an average of $297
million per year for land transport
initiatives.
Almost $3 billion over 10
years.
All revenue from the increased fuel excise levy
will be used to fund land transport initiatives.
The
revenue will be distributed regionally on a population basis
so every region will get an increase in funding for land
transport initiatives.
Local bodies will be allowed to
borrow and toll.
A new non-political body to manage
Auckland's land transport
needs.
ENDS