Chris Bishop says over-regulation is an economic nightmare for the country. 

A new report by the Ministry for Regulation maps out 267 regulators operating across the country, describing a complex system of overlapping agencies and rules. 

The Infrastructure and RMA Reform Minister told Mike Hosking there's far too much red tape. 

Bishop says we spend $1.3 billion annually alone on consenting costs for infrastructure, which is the entire cost of the Transmission Gully project. 

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