Hon Dr Michael Cullen Minister of Finance Hon

Hon Dr Michael Cullen Minister of Finance Hon Pete Hodgson Minister of Transport Wellington Transport Package 27 January 2005 Wellington Transport Package, 27 January 2005 www. beehive. govt. nz

Why more money for transport? • This government believes in a sustainable transport system as a prerequisite for a healthy economy and society • The days of underinvestment in the late 1990 s are over • Sound economic management means we can invest in the basics, be it transport, health or education Wellington Transport Package, 27 January 2005 www. beehive. govt. nz

Correcting years of underinvestment • NLTF funding for Wellington Roading 1999/2000 2004/2005 Increase $48. 9 m $90. 1 m 84% Passenger $15. 85 m Transport $32 m 103% Total $122. 1 m 88. 5% $64. 75 Wellington Transport Package, 27 January 2005 www. beehive. govt. nz

Correcting years of underinvestment • Step one – Moving Forward package, February 2002, $1. 56 billion over ten years • Step two – The Investing for Growth package, December 2003, $2. 84 billion over ten years including $220 million for Wellington • Many projects to be brought forward Wellington Transport Package, 27 January 2005 www. beehive. govt. nz

Correcting years of underinvestment • This is step three - $225 million of new money for Wellington over ten years being announced today • Step four will be a response to the final Western Corridor study later this year Wellington Transport Package, 27 January 2005 www. beehive. govt. nz

This government has already… • Upped regional transport spending by 88. 5 % • Contributed $31. 5 million to passenger rail upgrades • Plimerton to Paremata upgrade $33 million • Kaitoke realignment $14. 2 million • Inner City Bypass $39. 9 million • Mac. Kays Crossing $21. 7 million Wellington Transport Package, 27 January 2005 www. beehive. govt. nz

Why Wellington? • Serious underinvestment in the late 1990 s, particularly in passenger transport • National and international strategic importance: – main inter island freight and tourism link – international port • Passenger transport and congestion Wellington Transport Package, 27 January 2005 www. beehive. govt. nz

Transport in Wellington • A model city • Strong mode share for passenger transport • High levels of support for passenger transport • Physical constraints on more space for cars Wellington Transport Package, 27 January 2005 www. beehive. govt. nz

The Wellington Transport Project • Central government working in partnership with GWRC and local councils • Cross party support from the Greens and United Future • Mo. T, Treasury, MED, Transit and Land Transport New Zealand (Transfund) with Council officials Wellington Transport Package, 27 January 2005 www. beehive. govt. nz

Agreed priorities • Priorities set and agreed by government, GWRC and Mayors 1. Passenger transport – rail and buses 2. Reducing congestion and improving access Western Corridor a separate process Wellington Transport Package, 27 January 2005 www. beehive. govt. nz

Priority 1 – Passenger transport • Maintenance and growth of mode share agreed as the number one priority • Upgrading of existing passenger rail and bus infrastructure and services • Projects to be selected by GWRC through Regional Land Transport Committee, with LTNZ making final funding decisions • Recognised value in easing pressure on the region’s strategic roads and Wellington CBD Wellington Transport Package, 27 January 2005 www. beehive. govt. nz

Priority 1 – Passenger transport • $65 million of new money from the Crown over the next ten years • GWRC contribution of an additional $95 million, on top of existing commitments • To be added to $240 million for rail capex and $205 million in other passenger transport funding in the region from government funds by LTNZ over the next ten years Wellington Transport Package, 27 January 2005 www. beehive. govt. nz

Priority 2 – Congestion and access • $160 million of new money from the Crown targeted at investment to reduce congestion and improve access • Strategic roading improvements, transport demand management and improved passenger transport will contribute to these objectives Wellington Transport Package, 27 January 2005 www. beehive. govt. nz

Priority 2 – Congestion and access Strategic roading • Ease congestion at strategic points • Bring forward strategic roading projects • Improve access and safety • Around $100 million on top of Transit’s and territorial authorities’ current ten year plans Wellington Transport Package, 27 January 2005 www. beehive. govt. nz

Priority 2 – Congestion and access • Around $30 million in new money for Transport Demand Management such as traffic management, traffic information systems, travel planning and walking and cycling • Around $30 million in new money for enhanced passenger transport, such as increased bus services Wellington Transport Package, 27 January 2005 www. beehive. govt. nz

Government Transport spending in Wellington • LTNZ administered funds • Rail project $240 Million • Other passenger transport $205 Million • Transit (State Highways) $441 Million • Regional Funding $220 Million • Wellington Transport Package $225 Million Ten year total for Wellington $1. 33 Billion Plus spending on local roads Wellington Transport Package, 27 January 2005 www. beehive. govt. nz