ZB

Transport Minister: Value capture tax is an important part of light rail project

Author
Newstalk ZB,
Publish Date
Fri, 28 Jan 2022, 5:40pm
(Photo / Artist Impression)
(Photo / Artist Impression)

Transport Minister: Value capture tax is an important part of light rail project

Author
Newstalk ZB,
Publish Date
Fri, 28 Jan 2022, 5:40pm

Properties around Auckland's light rail line are likely to face a value capture tax. 

The light rail plan, unveiled this morning, is set to be one of the biggest transport projects New Zealand has seen in decades. 

It'll be tunnelled from Wynyard Quarter to Mt Roskill, and then be above ground from there to the airport. 

It's got a 14 billion dollar price tag -- and early works are expected to start next year. 

Transport Minister Michael Wood told Heather du Plessis-Allan about two to three billion dollars could be gathered from a value capture scheme. 

“It's a really important part of this project” 

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