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New financing methods needed with the fuel tax scrapped

Author
Newstalk ZB,
Publish Date
Fri, 9 Feb 2024, 8:09am
Photo / NZ Herald | File
Photo / NZ Herald | File

New financing methods needed with the fuel tax scrapped

Author
Newstalk ZB,
Publish Date
Fri, 9 Feb 2024, 8:09am

It might be time to look at new methods to get transport projects across the line.  

Auckland's Regional Fuel Tax will be scrapped at the end of June, a decision the city's mayor says will leave a $1.2 billion gap in transport funding, over the next four years. 

Northern Infrastructure Forum Coordinator Barney Irvine told Mike Hosking that we have to find ways to fund and finance the projects we need. 

He says the tools are out there to allow local and central government to borrow off the balance sheet, borrowing more and paying it back over a longer period of time. 

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