NZTA debt projected to increase to $7.6 billion

NZTA debt projected to increase to $7.6 billion
Transport Minister Simeon Brown delivered a GPS with a $3.1 billion loan for NZTA. (Image: NZME)
Oliver Lewis
The New Zealand Transport Agency expects to take on more than $2 billion of extra debt over the next few years and supports longer-term repayment schedules.Governments of both stripes have provided Crown grants and loans to the transport agency in recent planning cycles to bridge the gap between funding  – via fuel taxes and road user charges (RUC)  – and planned investments.The recently released Government Policy Statement (GPS) says the current land transport system is based on a pay-as-you-go model, where revenue is spe...

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