Record transport investment in Draft GPS 2021
The Draft Government Policy Statement (GPS) 2021 on land transport confirms that the Government will invest a record $54 billion in its balanced transport policy over the next decade.
The GPS is how the Government guides Waka Kotahi NZ Transport Agency to invest more than $4.5 billion a year raised through the National Land Transport Fund; and how it expects them to allocate funding towards roads, rail, walking and cycling infrastructure, coastal shipping and public transport.
Transport Minister Phil Twyford says “This GPS shows our Government is putting the pedal to the metal on our balanced transport policy while committing to a massive infrastructure spend over 10 years.”
“Alongside the historic $12.1 billion COVID-19 economic response package and the $12 billion NZ Upgrade programme, this transport investment will make a real difference to New Zealand’s economic recovery.”
“The Draft GPS 2021 signals that we will make a record investment in transport of $48 billion on top of our $6.8 billion from the NZ Upgrade Programme, which will help give the transport construction industry certainty during the current global economic headwinds.”
“We are not proposing to raise petrol tax as we are making good progress addressing the infrastructure deficit the last government left with the revenue from GPS 2018.”
The Government is now seeking feedback from local government, the transport sector, community groups and the wider public on the draft GPS 2021.
Engagement on the draft GPS closes 27 April 2020.