BUDGET 2017: Transport drives $32.5 billion infrastructure spend

Thu, 25 May 2017

By Paul McBeth May 25 (BusinessDesk) - New roads and rail upgrades will suck up about a third of the government’s $32.5 billion infrastructure spending over the next four years, draining the coffers for the foreseeable future. Finance Minister Steven Joyce confirmed the $4 billion of new capital spending in the budget, calling it the “single biggest investment of new capital in one budget by any government in decades”. That takes the total infrastructure spend over the coming four years to $32.5 billion, including $1.7 billion via public...

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