Approval given for $3.1b farmland lease deal for Northern Motorway extension
A lease arrangement for farmland has been approved to enable the extension of State Highway 1 from Warkworth to Te Hana.
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A lease arrangement for farmland has been approved to enable the extension of State Highway 1 from Warkworth to Te Hana.
The Government reached financial close on a 25-year deal worth an average of $290 million per year to build the Warkworth to Te Hana expressway.
The government has suspended the $2 billion Mill Road project in Auckland after buying 287 properties for the planned route.
A new report shows the South Island generates 40 percent of international visitor spending but receives only 11 percent of transport funding.
Critics say spending on South Island roads amounts to poor value for money.
The Government will review land transport funding reforms including network price regulation before releasing its transport policy statement.
Southland's mayor has raised alarm over deteriorating road conditions affecting the region's export sector.
Land negotiations have stalled for a $350 million Hawke's Bay highway project, prompting the Crown to explore compulsory acquisition.
The Woodend Bypass has been fast-tracked, though the source of funding for the project is still undetermined.
Southland's mayor has raised concerns about insufficient funding from the New Zealand Transport Agency.
Infrastructure Minister Shane Jones says he does not expect another four-lane highway to be built in New Zealand during his lifetime due to cost pressures.
Politicians are warning that budget constraints may force engineers to scale back planned four-lane highway upgrades.