$28b boost seen as way to grow jobs
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.