Waka Kotahi NZ Transport Agency has published the details of a $24.3 billion programme of investment planned for New Zealand’s land transport system over the next three years.
The Waka Kotahi Board has confirmed investment levels across 11 separate investment areas in the 2021–24 National Land Transport Programme.
The NLTP is a partnership between local government, which invests local funding on behalf of ratepayers, and Waka Kotahi, which invests national funding on behalf of Government through the National Land Transport Fund (NLTF). Funds for the NLTF are collected from petrol excise, road user charges and vehicle registration and licensing fees.
The $24.3 billion 2021–24 NLTP includes $15.6 billion from the NLTF and $4.6 billion from local government. Government will also invest $3.8 billion in additional Crown funding to deliver specific programmes through the NLTP.
Waka Kotahi Chief Executive Nicole Rosie says NLTP investments are designed to give effect to the strategic priorities outlined in the Government Policy Statement for land transport (GPS).
“The transport investments in Ngā Kaupapa Huarahi o Aotearoa aim to deliver the greatest possible benefits for people and communities across New Zealand,” says Ms Rosie. “They’ll help make our transport system safer, more sustainable and make key routes more resilient to help keep people, businesses and communities connected.”
Ms Rosie says demand for funding has been higher than ever before and the Government has provided additional financing of $2 billion that will enable Waka Kotahi to deliver more for New Zealand with its co-investment partners.
“We’re investing more in the land transport system than ever before and will make significant investment in legacy projects in our main urban areas that will support growth, help with economic recovery and set New Zealand on the path to transition to a sustainable economy through record investments in public transport and walking and cycling.”
Ms Rosie says Waka Kotahi has worked hard to ensure that investment programme for 2021–24 will deliver the best possible outcomes for the greatest number of people across New Zealand.
“We have a significant programme of work to deliver and will continue to work closely with councils to do so over the next three years.”
Full details of the investments being made through the National Land Transport Programme, including detailed regional breakdowns, can be found at www.nzta.govt.nz/nltp