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Govt will borrow for motorways - Greens

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Govt will borrow for motorways - Greens

3News NZ

The Government wants to borrow to build motorways, say the Greens (file)

The Government wants to borrow to build motorways, say the Greens (file)

The Government is seeking Parliament's authority to borrow money to build motorways, the Greens say.

Transport Minister Gerry Brownlee has introduced a new legislation, the Land Transport Management Amendment Bill, which changes funding and road toll frameworks, simplifies planning and allows partnerships between councils and public transport operators.

The Greens' transport spokeswoman, Julie Anne Genter, says the bill gives the Transport Agency the power to borrow large amounts to build motorways, and to fund projects through public-private partnerships (PPPs).

"After cutting or freezing funding for everything else, National is now putting the cost on the nation's credit card," she said.

"The Government is seeking to borrow more and use PPPs as a form of back door borrowing... New Zealanders will be shackled with interest and that's irresponsible."

NZN

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Comments

14/08/2012 9:16:12 p.m.

Carlos wrote:

The Greens and Labour would borrow for everything, and NZ would be finished !

14/08/2012 7:26:52 p.m.

Tom wrote:

What a joke. Labour aND the Greens combined wanted to borrow $5B. for theIr election promises. Really how corrupt and hypocritical the left are.

14/08/2012 2:19:47 p.m.

Richard wrote:

It would be nice to see the taxes on fuel going towards improved roading - Greens should love user pays - so this will be a great example.