$28b boost seen as way to grow jobs

The New Zealand Herald - - News - Bernard Ors­man Auck­land

A $28 bil­lion trans­port pack­age for Auck­land has got the big tick from Busi­nessNZ chief ex­ec­u­tive Kirk Hope.

The 10-year pack­age would im­prove in­fra­struc­ture and help busi­nesses to grow and em­ploy more peo­ple, said Hope.

The joint Gov­ern­ment and Auck­land Coun­cil trans­port pack­age was un­veiled three weeks ago by Trans­port Min­is­ter Phil Twyford and Auck­land Mayor Phil Goff.

It in­cludes fund­ing for some of the big­gest in­fra­struc­ture projects in the coun­try’s history, in­clud­ing the $3.4b City Rail Link and two mod­ern tram lines from the CBD to the air­port and the CBD to West Auck­land cost­ing $6b.

The pack­age in­cludes $1.8b for mod­ern trams, also known as light rail, and the Gov­ern­ment has be­gun a pro­cure­ment process for the re­main­ing $4.2b. Last week, the NZ Su­per Fund said it “wished to ex­plore” fund­ing and de­liv­er­ing light rail in Auck­land on a fully com­mer­cial ba­sis with an in­ter­na­tional part­ner.

The Bud­get con­firmed fund­ing for the Amer­ica’s Cup, with $100 mil­lion set aside.

Goff said “con­fir­ma­tion of the Gov­ern­ment’s $100 mil­lion to­wards the Amer­ica’s Cup 2021 will help en­sure we cre­ate a vi­brant event and last­ing legacy for the city”.

He also wel­comed news in the Bud­get that Auck­land would get 3500 new state houses by 2022.

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